Jackson Creek Investment Advisors LLC Trims Position in PVH Corp. (NYSE:PVH)

Jackson Creek Investment Advisors LLC reduced its holdings in PVH Corp. (NYSE:PVH) by 44.8% during the 2nd quarter, Holdings Channel reports. The fund owned 3,526 shares of the textile maker’s stock after selling 2,865 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in PVH were worth $373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in PVH by 234.1% in the first quarter. Principal Financial Group Inc. now owns 741,151 shares of the textile maker’s stock valued at $104,213,000 after purchasing an additional 519,316 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of PVH by 1,954.3% in the fourth quarter. Franklin Resources Inc. now owns 352,448 shares of the textile maker’s stock worth $43,041,000 after buying an additional 335,291 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in PVH by 711.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 341,506 shares of the textile maker’s stock worth $41,705,000 after acquiring an additional 299,418 shares during the period. Wellington Management Group LLP purchased a new position in PVH during the fourth quarter valued at approximately $14,404,000. Finally, Dimensional Fund Advisors LP lifted its holdings in PVH by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,069,531 shares of the textile maker’s stock valued at $374,855,000 after acquiring an additional 115,731 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Stock Down 0.1 %

PVH stock opened at $96.60 on Thursday. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 0.77 and a beta of 2.12. The firm has a 50-day moving average of $100.96 and a two-hundred day moving average of $113.57. PVH Corp. has a 12 month low of $69.27 and a 12 month high of $141.15. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

PVH (NYSE:PVH) last released its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share 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 company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the company posted $1.98 earnings per share. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, analysts forecast that PVH Corp. will post 11.47 earnings per share for the current fiscal year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date is Wednesday, September 4th. PVH’s dividend payout ratio is presently 1.33%.

Wall Street Analyst Weigh In

PVH has been the subject of several recent research reports. Barclays cut their target price on shares of PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. Evercore ISI upped their price objective on shares of PVH from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. The Goldman Sachs Group dropped their target price on PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. StockNews.com cut PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Finally, BMO Capital Markets dropped their price objective on PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a report on Wednesday, August 28th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, PVH has a consensus rating of “Moderate Buy” and an average price target of $131.73.

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.