17,636 Shares in PVH Corp. $PVH Acquired by Blueshift Asset Management LLC

Blueshift Asset Management LLC acquired a new stake in shares of PVH Corp. (NYSE:PVH) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,636 shares of the textile maker’s stock, valued at approximately $1,210,000.

Other hedge funds also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of PVH in the second quarter worth about $38,000. UMB Bank n.a. lifted its holdings in PVH by 63.3% in the 2nd quarter. UMB Bank n.a. now owns 619 shares of the textile maker’s stock worth $42,000 after buying an additional 240 shares during the period. Hantz Financial Services Inc. lifted its holdings in PVH by 1,284.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 623 shares of the textile maker’s stock worth $43,000 after buying an additional 578 shares during the period. Smartleaf Asset Management LLC grew its position in shares of PVH by 30.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 802 shares of the textile maker’s stock worth $52,000 after buying an additional 185 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of PVH by 45.6% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 907 shares of the textile maker’s stock valued at $62,000 after buying an additional 284 shares during the period. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Price Performance

PVH opened at $85.20 on Tuesday. The company’s 50-day simple moving average is $81.22 and its two-hundred day simple moving average is $77.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.63 and a current ratio of 1.37. The stock has a market capitalization of $4.10 billion, a P/E ratio of 9.55, a P/E/G ratio of 2.54 and a beta of 1.89. PVH Corp. has a 52-week low of $59.28 and a 52-week high of $113.47.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 26th will be given a $0.0375 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $0.15 annualized dividend and a yield of 0.2%. PVH’s dividend payout ratio (DPR) is presently 1.68%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Bank of America boosted their price target on shares of PVH from $76.00 to $88.00 and gave the company a “neutral” rating in a research report on Wednesday, August 27th. Barclays upped their target price on PVH from $83.00 to $101.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. Wells Fargo & Company raised their target price on PVH from $80.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday, August 28th. Telsey Advisory Group restated an “outperform” rating and set a $95.00 price target on shares of PVH in a research report on Wednesday, November 19th. Finally, UBS Group reiterated a “buy” rating and issued a $148.00 price objective on shares of PVH in a report on Tuesday, November 25th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.44.

About PVH

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.