2,276 Shares in PVH Corp. (NYSE:PVH) Purchased by Aristides Capital LLC

Aristides Capital LLC acquired a new stake in PVH Corp. (NYSE:PVH) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,276 shares of the textile maker’s stock, valued at approximately $241,000.

Other institutional investors also recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new stake in PVH in the 2nd quarter valued at $25,000. New Covenant Trust Company N.A. acquired a new position in shares of PVH during the 1st quarter worth about $26,000. Riverview Trust Co purchased a new position in PVH in the 1st quarter valued at about $36,000. Headlands Technologies LLC acquired a new position in shares of PVH during the first quarter valued at approximately $36,000. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of PVH in the first quarter worth approximately $42,000. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Stock Up 0.4 %

PVH stock opened at $100.83 on Tuesday. PVH Corp. has a fifty-two week low of $69.27 and a fifty-two week high of $141.15. The firm has a 50 day moving average price of $97.80 and a 200 day moving average price of $108.57. The company has a market capitalization of $5.63 billion, a PE ratio of 8.92, a price-to-earnings-growth ratio of 0.74 and a beta of 2.12. 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 posted its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.72. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.98 EPS. Research analysts expect that PVH Corp. will post 11.59 earnings per share for the current year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.15%. The ex-dividend date of this dividend was Wednesday, September 4th. PVH’s payout ratio is currently 1.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, August 28th. Bank of America lowered their target price on PVH from $133.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Wedbush restated an “outperform” rating and issued a $128.00 target price on shares of PVH in a report on Wednesday, June 5th. Telsey Advisory Group reduced their price target on PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Finally, Morgan Stanley dropped their price objective on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, September 6th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $130.40.

PVH Company 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.