Petrus Trust Company LTA Acquires 3,652 Shares of PVH Corp. (NYSE:PVH)

Petrus Trust Company LTA boosted its position in PVH Corp. (NYSE:PVH) by 42.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,188 shares of the textile maker’s stock after acquiring an additional 3,652 shares during the quarter. PVH accounts for 0.1% of Petrus Trust Company LTA’s holdings, making the stock its 27th largest holding. Petrus Trust Company LTA’s holdings in PVH were worth $1,229,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Altshuler Shaham Ltd purchased a new position in shares of PVH in the 2nd quarter worth about $25,000. Venturi Wealth Management LLC raised its stake in shares of PVH by 63.9% in the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after buying an additional 106 shares during the period. ORG Partners LLC bought a new position in shares of PVH in the second quarter worth approximately $42,000. Covestor Ltd boosted its stake in PVH by 270.6% during the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after buying an additional 295 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of PVH by 116.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after acquiring an additional 228 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PVH has been the topic of several research analyst reports. Barclays lowered their price objective on PVH from $154.00 to $142.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Morgan Stanley reduced their target price on PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, September 6th. Telsey Advisory Group reiterated an “outperform” rating and set a $130.00 price target on shares of PVH in a research note on Wednesday, November 27th. TD Cowen cut their target price on shares of PVH from $149.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, The Goldman Sachs Group decreased their price target on PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.53.

PVH Stock Performance

PVH stock opened at $111.62 on Wednesday. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 8.86, a P/E/G ratio of 1.00 and a beta of 2.10. The stock has a 50-day simple moving average of $100.14 and a 200 day simple moving average of $103.03. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32. PVH Corp. has a 12-month low of $89.56 and a 12-month high of $141.15.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. The ex-dividend date of this dividend is Wednesday, November 27th. PVH’s payout ratio is 1.19%.

PVH Company 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.