PVH Corp. (NYSE:PVH) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in PVH Corp. (NYSE:PVH) by 20.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,828 shares of the textile maker’s stock after acquiring an additional 4,095 shares during the quarter. Natixis Advisors LLC’s holdings in PVH were worth $2,403,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PVH. Pzena Investment Management LLC lifted its position in shares of PVH by 5.3% in the 2nd quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock worth $595,382,000 after buying an additional 284,269 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in PVH by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock valued at $333,375,000 after acquiring an additional 55,293 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of PVH by 14.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock valued at $245,668,000 after purchasing an additional 296,040 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of PVH by 13,275.0% during the 2nd quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock worth $129,395,000 after purchasing an additional 1,213,069 shares during the period. Finally, LSV Asset Management lifted its holdings in shares of PVH by 15.7% in the 2nd quarter. LSV Asset Management now owns 916,002 shares of the textile maker’s stock worth $96,977,000 after purchasing an additional 124,309 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. BMO Capital Markets cut their price objective on shares of PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 28th. Barclays decreased their price objective on PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. The Goldman Sachs Group decreased their price target on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Wells Fargo & Company decreased their target price on shares of PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, August 28th. Finally, TD Cowen dropped their price objective on PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, PVH currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.53.

PVH Price Performance

Shares of NYSE:PVH opened at $103.87 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66. The stock has a market capitalization of $5.80 billion, a P/E ratio of 8.24, a P/E/G ratio of 0.90 and a beta of 2.11. The business has a 50-day moving average of $98.46 and a two-hundred day moving average of $103.36. PVH Corp. has a fifty-two week low of $85.49 and a fifty-two week high of $141.15.

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

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date is Wednesday, November 27th. PVH’s dividend payout ratio is presently 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.