Lingohr Asset Management GmbH Buys 256 Shares of PVH Corp. (NYSE:PVH)

Lingohr Asset Management GmbH increased its stake in PVH Corp. (NYSE:PVH) by 3.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 6,893 shares of the textile maker’s stock after acquiring an additional 256 shares during the period. Lingohr Asset Management GmbH’s holdings in PVH were worth $695,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Pzena Investment Management LLC boosted its stake in PVH by 5.3% in the 2nd quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock worth $595,382,000 after purchasing an additional 284,269 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of PVH by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock worth $333,375,000 after buying an additional 55,293 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of PVH by 14.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock worth $245,668,000 after acquiring an additional 296,040 shares during the last quarter. Pacer Advisors Inc. grew its holdings in PVH by 13,275.0% during 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 increased its holdings in PVH by 15.7% in the 2nd quarter. LSV Asset Management now owns 916,002 shares of the textile maker’s stock worth $96,977,000 after acquiring an additional 124,309 shares in the last quarter. Institutional investors own 97.25% of the company’s stock.

Analyst Upgrades and Downgrades

PVH has been the subject of a number of recent analyst reports. Bank of America lowered PVH from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $130.00 to $107.00 in a research note on Wednesday, October 2nd. TD Cowen reduced their price objective on PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. BMO Capital Markets reduced their target price 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. Telsey Advisory Group decreased their price target on PVH from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, Barclays cut their price objective on PVH from $154.00 to $142.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $126.53.

PVH Trading Down 1.2 %

NYSE:PVH opened at $100.83 on Tuesday. The firm has a 50 day moving average of $97.98 and a 200 day moving average of $103.76. 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 52 week low of $84.43 and a 52 week high of $141.15. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 0.92 and a beta of 2.11.

PVH (NYSE:PVH) last issued its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $2.07 billion. During the same quarter in the prior year, the business posted $1.98 EPS. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that PVH Corp. will post 11.66 earnings per share for the current fiscal year.

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid 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 0.15%. 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.