LSV Asset Management Purchases 124,309 Shares of PVH Corp. (NYSE:PVH)

LSV Asset Management grew its position in shares of PVH Corp. (NYSE:PVH) by 15.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 916,002 shares of the textile maker’s stock after purchasing an additional 124,309 shares during the period. LSV Asset Management’s holdings in PVH were worth $96,977,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in PVH by 234.1% during the 1st quarter. Principal Financial Group Inc. now owns 741,151 shares of the textile maker’s stock valued at $104,213,000 after purchasing an additional 519,316 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of PVH by 1,954.3% during the fourth quarter. Franklin Resources Inc. now owns 352,448 shares of the textile maker’s stock valued at $43,041,000 after purchasing an additional 335,291 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in shares of PVH by 711.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 341,506 shares of the textile maker’s stock valued at $41,705,000 after buying an additional 299,418 shares during the last quarter. Pzena Investment Management LLC increased its holdings in 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 in the last quarter. Finally, Wellington Management Group LLP purchased a new position in PVH in the 4th quarter worth about $14,404,000. Institutional investors own 97.25% of the company’s stock.

PVH Price Performance

NYSE PVH opened at $94.96 on Monday. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. PVH Corp. has a 12 month low of $69.27 and a 12 month high of $141.15. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 8.40, a PEG ratio of 0.73 and a beta of 2.12. The company’s 50 day moving average is $100.54 and its two-hundred day moving average is $112.96.

PVH (NYSE:PVH) last announced its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.72. PVH had a net margin of 8.37% and a return on equity of 13.94%. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the prior year, the company posted $1.98 earnings per share. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, research analysts anticipate that PVH Corp. will post 11.59 earnings per share for the current year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be given a $0.0375 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. PVH’s payout ratio is 1.33%.

Analyst Ratings Changes

A number of analysts have recently issued reports on PVH shares. Wedbush reaffirmed an “outperform” rating and set a $128.00 price target on shares of PVH in a report on Wednesday, June 5th. StockNews.com cut shares of PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Barclays decreased their target price on shares of 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, The Goldman Sachs Group cut their price objective on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $130.40.

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.