Janney Montgomery Scott LLC Boosts Position in PVH Corp. (NYSE:PVH)

Janney Montgomery Scott LLC grew its stake in PVH Corp. (NYSE:PVH) by 135.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,334 shares of the textile maker’s stock after acquiring an additional 7,678 shares during the period. Janney Montgomery Scott LLC’s holdings in PVH were worth $1,344,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Scientech Research LLC increased its holdings in PVH by 608.6% during the 2nd quarter. Scientech Research LLC now owns 11,344 shares of the textile maker’s stock worth $1,201,000 after purchasing an additional 9,743 shares during the period. O Shaughnessy Asset Management LLC bought a new position in PVH during the 1st quarter worth about $961,000. Quadrature Capital Ltd increased its position in PVH by 215.3% during the 1st quarter. Quadrature Capital Ltd now owns 23,397 shares of the textile maker’s stock valued at $3,290,000 after purchasing an additional 15,976 shares during the period. Twin Tree Management LP purchased a new stake in shares of PVH in the 1st quarter worth approximately $1,576,000. Finally, American Century Companies Inc. boosted its stake in shares of PVH by 37.4% during the second quarter. American Century Companies Inc. now owns 80,021 shares of the textile maker’s stock valued at $8,472,000 after purchasing an additional 21,790 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PVH. The Goldman Sachs Group lowered their target price on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, August 29th. BMO Capital Markets dropped their price objective on PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 28th. Morgan Stanley reduced their target price 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. Wells Fargo & Company lowered their price target on shares of PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, August 28th. Finally, Guggenheim reduced their price objective on shares of PVH from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $126.53.

PVH Stock Up 1.2 %

Shares of PVH stock opened at $103.83 on Friday. 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 Corp. has a fifty-two week low of $81.78 and a fifty-two week high of $141.15. The firm has a market capitalization of $5.79 billion, a PE ratio of 8.24, a P/E/G ratio of 0.93 and a beta of 2.11. The stock’s 50-day simple moving average is $97.73 and its 200-day simple moving average is $103.98.

PVH (NYSE:PVH) last announced its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, beating the consensus estimate of $2.29 by $0.72. The business 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 quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.98 EPS. Equities analysts expect that PVH Corp. will post 11.66 earnings per share for the current year.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders 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 dividend yield of 0.14%. PVH’s 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.