Clearline Capital LP Invests $9.41 Million in PVH Corp. (NYSE:PVH)

Clearline Capital LP acquired a new stake in shares of PVH Corp. (NYSE:PVH) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 88,881 shares of the textile maker’s stock, valued at approximately $9,410,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new position in shares of PVH during the second quarter valued at $25,000. New Covenant Trust Company N.A. acquired a new position in PVH during the 1st quarter valued at about $26,000. Riverview Trust Co bought a new position in PVH in the 1st quarter worth about $36,000. Headlands Technologies LLC acquired a new stake in shares of PVH in the first quarter valued at approximately $36,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of PVH during the first quarter valued at approximately $42,000. 97.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on PVH. StockNews.com lowered PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Morgan Stanley decreased their price target on PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Friday, September 6th. Wells Fargo & Company reduced their price objective on shares of PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, August 28th. Telsey Advisory Group lowered their target price on shares of PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Finally, Evercore ISI boosted their price target 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. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, PVH currently has an average rating of “Moderate Buy” and a consensus target price of $130.40.

PVH Trading Up 3.0 %

Shares of PVH opened at $100.43 on Friday. The business’s 50-day moving average price is $97.83 and its 200 day moving average price is $108.95. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $5.60 billion, a P/E ratio of 8.89, a P/E/G ratio of 0.74 and a beta of 2.12. PVH Corp. has a 1-year low of $69.27 and a 1-year high of $141.15.

PVH (NYSE:PVH) last released its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.72. PVH had a net margin of 8.37% and a return on equity of 13.94%. The business 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 business earned $1.98 earnings per share. The firm’s revenue was down 6.0% compared to the same quarter last year. Analysts expect that PVH Corp. will post 11.59 earnings per share for the current year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were given a $0.0375 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.15 annualized dividend and a dividend yield of 0.15%. PVH’s dividend payout ratio (DPR) is presently 1.33%.

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.