Natixis Advisors LLC Has $2.40 Million Stock Position in PVH Corp. (NYSE:PVH)

Natixis Advisors LLC grew its holdings in PVH Corp. (NYSE:PVH) by 20.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 23,828 shares of the textile maker’s stock after purchasing an additional 4,095 shares during the period. Natixis Advisors LLC’s holdings in PVH were worth $2,403,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Altshuler Shaham Ltd bought a new stake in PVH during the 2nd quarter worth approximately $25,000. New Covenant Trust Company N.A. acquired a new position in shares of PVH during the first quarter valued at about $26,000. Venturi Wealth Management LLC grew its holdings in PVH by 63.9% during 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 in the last quarter. Covestor Ltd grew its stake in shares of PVH by 270.6% in the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after acquiring an additional 295 shares in the last quarter. Finally, ORG Partners LLC purchased a new stake in PVH in the 2nd quarter valued at about $42,000. Institutional investors own 97.25% of the company’s stock.

PVH Stock Up 4.4 %

Shares of NYSE:PVH opened at $103.87 on Monday. PVH Corp. has a 52-week low of $85.49 and a 52-week high of $141.15. The stock has a market cap of $5.80 billion, a P/E ratio of 8.24, a price-to-earnings-growth ratio of 0.90 and a beta of 2.11. The business’s 50 day moving average is $98.46 and its 200 day moving average is $103.36. 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 (NYSE:PVH) last released its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share 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 the consensus estimate of $2.07 billion. During the same period in the previous year, the company posted $1.98 earnings per share. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. Sell-side analysts predict that PVH Corp. will post 11.66 EPS for the current year.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.15 annualized dividend and a yield of 0.14%. PVH’s dividend payout ratio (DPR) is presently 1.19%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PVH. The Goldman Sachs Group dropped their target price on shares of PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Guggenheim decreased their target price on PVH from $120.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Morgan Stanley decreased their price target on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Friday, September 6th. 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 research report on Thursday, August 29th. Finally, StockNews.com lowered PVH from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.53.

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.