Janney Montgomery Scott LLC Grows Holdings in PVH Corp. (NYSE:PVH)

Janney Montgomery Scott LLC lifted its position in shares of PVH Corp. (NYSE:PVH) by 135.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,334 shares of the textile maker’s stock after acquiring an additional 7,678 shares during the quarter. Janney Montgomery Scott LLC’s holdings in PVH were worth $1,344,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Pzena Investment Management LLC grew its holdings in PVH by 5.3% in the second quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock valued at $595,382,000 after purchasing an additional 284,269 shares during the period. Dimensional Fund Advisors LP raised its position in PVH by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock worth $333,375,000 after acquiring an additional 55,293 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in 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 in the last quarter. Pacer Advisors Inc. grew its position in shares of PVH by 13,275.0% in the second quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock valued at $129,395,000 after purchasing an additional 1,213,069 shares during the period. Finally, LSV Asset Management raised its position in shares of PVH by 15.7% during 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 and hedge funds.

Analyst Upgrades and Downgrades

PVH has been the subject of several research reports. Barclays cut 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. Bank of America cut shares of PVH from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $130.00 to $107.00 in a research note on Wednesday, October 2nd. BMO Capital Markets decreased their price target on shares of PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 28th. TD Cowen dropped their price objective on shares of PVH from $149.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, StockNews.com lowered shares of PVH from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.53.

PVH Trading Up 1.2 %

Shares of PVH stock opened at $103.83 on Friday. PVH Corp. has a fifty-two week low of $81.78 and a fifty-two week high of $141.15. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 0.93 and a beta of 2.11. The stock has a 50 day moving average of $97.73 and a 200 day moving average of $103.98.

PVH (NYSE:PVH) last issued 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 return on equity of 13.94% and a net margin of 8.37%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the company earned $1.98 EPS. The company’s quarterly revenue was down 6.0% on a year-over-year basis. As a group, research analysts predict that PVH Corp. will post 11.66 earnings per share for the current year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be given a dividend of $0.0375 per share. 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 currently 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.