PVH Corp. (NYSE:PVH) Shares Purchased by Eagle Asset Management Inc.

Eagle Asset Management Inc. grew its stake in shares of PVH Corp. (NYSE:PVH) by 18.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 14,491 shares of the textile maker’s stock after acquiring an additional 2,286 shares during the period. Eagle Asset Management Inc.’s holdings in PVH were worth $1,510,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PVH. Charles Schwab Investment Management Inc. lifted its holdings in shares of PVH by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 623,010 shares of the textile maker’s stock valued at $62,818,000 after purchasing an additional 3,745 shares during the last quarter. Pacer Advisors Inc. raised its holdings in PVH by 39.6% during the 3rd quarter. Pacer Advisors Inc. now owns 1,705,717 shares of the textile maker’s stock worth $171,987,000 after buying an additional 483,510 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in PVH by 9.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock valued at $255,011,000 after buying an additional 208,648 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of PVH in the third quarter worth about $358,000. Finally, Pzena Investment Management LLC increased its position in shares of PVH by 0.6% in the third quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker’s stock worth $570,295,000 after acquiring an additional 32,300 shares in the last quarter. 97.25% of the stock is owned by institutional investors.

PVH Stock Up 3.7 %

PVH stock opened at $107.74 on Tuesday. 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 1-year low of $86.40 and a 1-year high of $141.15. The firm’s fifty day simple moving average is $98.70 and its 200-day simple moving average is $103.30. The company has a market capitalization of $6.01 billion, a P/E ratio of 8.55, a P/E/G ratio of 0.94 and a beta of 2.11.

PVH (NYSE:PVH) last posted its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.72. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.07 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. The business’s revenue was down 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.98 earnings per share. Sell-side analysts forecast that PVH Corp. will post 11.66 earnings per share for the current fiscal year.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be issued 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 dividend payout ratio (DPR) is currently 1.19%.

Wall Street Analyst Weigh In

PVH has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price objective on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Friday, September 6th. TD Cowen lowered their price target on PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Barclays reduced their price objective on PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. StockNews.com lowered PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Finally, Telsey Advisory Group dropped their target price on PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, PVH presently has a consensus 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.