6,177 Shares in PVH Corp. (NYSE:PVH) Acquired by FORA Capital LLC

FORA Capital LLC bought a new position in PVH Corp. (NYSE:PVH) in the third quarter, HoldingsChannel reports. The fund bought 6,177 shares of the textile maker’s stock, valued at approximately $623,000.

Other large investors have also added to or reduced their stakes in the company. Pzena Investment Management LLC lifted its position in shares of PVH by 0.6% in the 3rd quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker’s stock worth $570,295,000 after purchasing an additional 32,300 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of PVH by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock valued at $333,375,000 after purchasing an additional 55,293 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of PVH by 9.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock valued at $255,011,000 after purchasing an additional 208,648 shares in the last quarter. Pacer Advisors Inc. grew its stake in PVH by 39.6% during the third quarter. Pacer Advisors Inc. now owns 1,705,717 shares of the textile maker’s stock worth $171,987,000 after purchasing an additional 483,510 shares during the period. Finally, LSV Asset Management increased its holdings in PVH by 15.7% in the second 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 in the last quarter. Institutional investors own 97.25% of the company’s stock.

PVH Trading Down 0.6 %

NYSE PVH opened at $106.88 on Friday. The business’s fifty day moving average is $99.14 and its 200-day moving average is $103.28. 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 $5.96 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 0.96 and a beta of 2.11. PVH Corp. has a one year low of $88.15 and a one year 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, topping the consensus estimate of $2.29 by $0.72. PVH had a net margin of 8.37% and a return on equity of 13.94%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the firm posted $1.98 earnings per share. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. Equities research analysts predict that PVH Corp. will post 11.75 EPS for the current year.

PVH Announces Dividend

The company 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 annualized dividend and a yield of 0.14%. PVH’s payout ratio is 1.19%.

Analysts Set New Price Targets

PVH has been the subject of several recent analyst reports. 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 report on Monday, October 28th. BMO Capital Markets dropped their price objective on shares of PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a report on Wednesday, August 28th. Barclays reduced their target price on PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Wells Fargo & Company dropped their price target on PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 28th. Finally, StockNews.com downgraded PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, PVH presently has an average rating of “Moderate Buy” and a consensus price target of $126.53.

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.