Pzena Investment Management LLC Has $570.30 Million Stock Position in PVH Corp. (NYSE:PVH)

Pzena Investment Management LLC boosted its position in shares of PVH Corp. (NYSE:PVH) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,656,006 shares of the textile maker’s stock after acquiring an additional 32,300 shares during the quarter. PVH accounts for approximately 1.9% of Pzena Investment Management LLC’s investment portfolio, making the stock its 24th biggest holding. Pzena Investment Management LLC owned approximately 0.10% of PVH worth $570,295,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. New Covenant Trust Company N.A. acquired a new position in PVH in the 1st quarter valued at $26,000. Altshuler Shaham Ltd acquired a new position in PVH in the 2nd quarter valued at $25,000. Venturi Wealth Management LLC lifted its position in shares of PVH by 63.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 106 shares during the period. ORG Partners LLC acquired a new stake in shares of PVH during the 2nd quarter worth $42,000. Finally, Covestor Ltd increased its position in shares of PVH by 270.6% in the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after purchasing an additional 295 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.

Wall Street Analyst Weigh In

PVH has been the topic of a number of analyst reports. Bank of America downgraded shares of PVH from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $130.00 to $107.00 in a research note on Wednesday, October 2nd. Telsey Advisory Group decreased their price target on PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. The Goldman Sachs Group dropped their price objective on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Morgan Stanley reduced their price objective on PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Friday, September 6th. Finally, Guggenheim lowered their target price on PVH from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $126.53.

PVH Trading Down 1.2 %

Shares of PVH traded down $1.20 during mid-day trading on Wednesday, reaching $97.46. 64,455 shares of the company were exchanged, compared to its average volume of 833,026. The business has a 50 day simple moving average of $98.09 and a two-hundred day simple moving average of $103.65. PVH Corp. has a 52 week low of $85.33 and a 52 week high of $141.15. The stock has a market capitalization of $5.44 billion, a PE ratio of 7.83, a PEG ratio of 0.92 and a beta of 2.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24.

PVH (NYSE:PVH) last issued its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.72. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. The business’s revenue was down 6.0% on a year-over-year basis. During the same period last year, the company earned $1.98 earnings per share. On average, analysts predict that PVH Corp. will post 11.66 earnings per share for the current fiscal year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a yield of 0.15%. PVH’s dividend payout ratio is 1.19%.

PVH Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.