Covestor Ltd Has $41,000 Stock Position in PVH Corp. (NYSE:PVH)

Covestor Ltd raised its position in shares of PVH Corp. (NYSE:PVH) by 270.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 404 shares of the textile maker’s stock after purchasing an additional 295 shares during the period. Covestor Ltd’s holdings in PVH were worth $41,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Scientech Research LLC boosted its stake in PVH by 608.6% in the 2nd quarter. Scientech Research LLC now owns 11,344 shares of the textile maker’s stock valued at $1,201,000 after buying an additional 9,743 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in PVH in the first quarter valued at about $961,000. Quadrature Capital Ltd boosted its position in shares of PVH by 215.3% during the first quarter. Quadrature Capital Ltd now owns 23,397 shares of the textile maker’s stock worth $3,290,000 after buying an additional 15,976 shares during the period. Twin Tree Management LP acquired a new position in shares of PVH during the first quarter worth about $1,576,000. Finally, American Century Companies Inc. boosted its position in PVH by 37.4% during the second quarter. American Century Companies Inc. now owns 80,021 shares of the textile maker’s stock valued at $8,472,000 after purchasing an additional 21,790 shares during the last quarter. 97.25% of the stock is owned by institutional investors.

PVH Stock Down 1.7 %

NYSE PVH opened at $102.09 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66. PVH Corp. has a 1 year low of $81.93 and a 1 year high of $141.15. The business’s 50-day moving average is $97.87 and its 200 day moving average is $103.90. The stock has a market capitalization of $5.70 billion, a PE ratio of 8.10, a PEG ratio of 0.93 and a beta of 2.11.

PVH (NYSE:PVH) last released its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.72. PVH had a net margin of 8.37% and a return on equity of 13.94%. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the business earned $1.98 earnings per share. The business’s revenue was down 6.0% on a year-over-year basis. Sell-side analysts forecast that PVH Corp. will post 11.66 earnings per share for the current year.

PVH Announces Dividend

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

Analyst Ratings Changes

PVH has been the topic of several research analyst reports. Telsey Advisory Group dropped their price objective on PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. The Goldman Sachs Group lowered their target price on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Barclays decreased their target price on PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Guggenheim decreased their price objective on PVH from $120.00 to $105.00 and set a “buy” rating for the company in a report on Monday, October 28th. Finally, BMO Capital Markets reduced their price objective on PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a report on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average 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.