PVH Corp. (NYSE:PVH) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in shares of PVH Corp. (NYSE:PVHGet Rating) by 7,668.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 427,340 shares of the textile maker’s stock after acquiring an additional 421,839 shares during the period. Victory Capital Management Inc. owned about 0.66% of PVH worth $19,145,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Pzena Investment Management LLC boosted its stake in PVH by 1.3% during the second quarter. Pzena Investment Management LLC now owns 7,939,967 shares of the textile maker’s stock valued at $451,784,000 after buying an additional 103,775 shares in the last quarter. Southeastern Asset Management Inc. TN purchased a new stake in PVH in the 2nd quarter worth about $121,380,000. Invesco Ltd. lifted its stake in PVH by 9.7% in the 1st quarter. Invesco Ltd. now owns 1,684,738 shares of the textile maker’s stock worth $129,067,000 after acquiring an additional 148,917 shares in the last quarter. Sound Shore Management Inc CT raised its stake in shares of PVH by 14.2% during the 2nd quarter. Sound Shore Management Inc CT now owns 1,651,076 shares of the textile maker’s stock worth $93,946,000 after purchasing an additional 205,122 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of PVH by 10.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,495,245 shares of the textile maker’s stock worth $85,079,000 after purchasing an additional 139,235 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

PVH Trading Down 0.5 %

Shares of NYSE:PVH opened at $89.70 on Wednesday. The company has a market capitalization of $5.68 billion, a P/E ratio of 14.22, a P/E/G ratio of 1.07 and a beta of 2.01. PVH Corp. has a 1 year low of $43.49 and a 1 year high of $105.43. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.35 and a quick ratio of 0.68. The business’s 50 day simple moving average is $72.82 and its 200 day simple moving average is $62.31.

PVH (NYSE:PVHGet Rating) last released its earnings results on Wednesday, November 30th. The textile maker reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.47. PVH had a return on equity of 12.49% and a net margin of 5.05%. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.23 billion. On average, research analysts anticipate that PVH Corp. will post 8.26 EPS for the current fiscal year.

PVH Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 21st. Stockholders of record on Wednesday, November 30th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date was Tuesday, November 29th. PVH’s payout ratio is 2.38%.

Insider Activity

In related news, EVP James Holmes sold 4,417 shares of the firm’s stock in a transaction on Friday, December 9th. The stock was sold at an average price of $74.68, for a total transaction of $329,861.56. Following the completion of the transaction, the executive vice president now directly owns 15,420 shares of the company’s stock, valued at approximately $1,151,565.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Mark D. Fischer sold 1,732 shares of the business’s stock in a transaction that occurred on Wednesday, January 11th. The stock was sold at an average price of $81.00, for a total transaction of $140,292.00. Following the completion of the sale, the executive vice president now owns 32,468 shares in the company, valued at $2,629,908. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP James Holmes sold 4,417 shares of PVH stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $74.68, for a total value of $329,861.56. Following the transaction, the executive vice president now directly owns 15,420 shares in the company, valued at approximately $1,151,565.60. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PVH. The Goldman Sachs Group increased their price objective on PVH from $59.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, December 2nd. Cowen raised their price objective on PVH from $75.00 to $86.00 in a research report on Friday, January 6th. Deutsche Bank Aktiengesellschaft raised their price objective on PVH from $72.00 to $77.00 in a research report on Monday, December 5th. Cowen raised their target price on PVH from $58.00 to $75.00 in a research report on Tuesday, December 6th. Finally, UBS Group raised their target price on PVH from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, December 2nd. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $85.21.

About PVH

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PVH Corp. engages in the design and marketing of branded dress shirts, neckwear, sportswear, jeans wear, intimate apparel, swim products, handbags, footwear, and other related products. It operates through the following segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail.

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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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