Dimensional Fund Advisors LP Purchases 55,293 Shares of PVH Corp. (NYSE:PVH)

Dimensional Fund Advisors LP increased its position in shares of PVH Corp. (NYSE:PVH) by 1.8% during the second quarter, HoldingsChannel.com reports. The firm owned 3,148,855 shares of the textile maker’s stock after buying an additional 55,293 shares during the period. Dimensional Fund Advisors LP owned 0.06% of PVH worth $333,375,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Jump Financial LLC bought a new stake in PVH in the 4th quarter valued at $486,000. Vanguard Personalized Indexing Management LLC raised its position in PVH by 84.9% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 9,547 shares of the textile maker’s stock worth $1,166,000 after purchasing an additional 4,385 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in PVH by 12.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,036 shares of the textile maker’s stock worth $127,000 after purchasing an additional 115 shares during the period. Great Lakes Advisors LLC acquired a new stake in PVH in the 4th quarter valued at $266,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of PVH by 1.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,840 shares of the textile maker’s stock valued at $1,202,000 after purchasing an additional 141 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PVH shares. Telsey Advisory Group cut their price target on shares of PVH from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Wells Fargo & Company lowered their price objective on shares of PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, August 28th. StockNews.com lowered shares of PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. TD Cowen lowered their price target on shares of PVH from $149.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Finally, Wedbush reaffirmed an “outperform” rating and set a $128.00 price objective on shares of PVH in a report on Wednesday, June 5th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, PVH currently has an average rating of “Moderate Buy” and a consensus price target of $130.40.

PVH Price Performance

PVH stock opened at $95.89 on Tuesday. The firm has a market capitalization of $5.35 billion, a P/E ratio of 8.49, a PEG ratio of 0.72 and a beta of 2.12. The business has a 50-day moving average of $99.30 and a 200-day moving average of $111.19. 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 Corp. has a 1 year low of $69.27 and a 1 year high of $141.15.

PVH (NYSE:PVH) last posted its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, topping 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 company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the business posted $1.98 earnings per share. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. On average, equities analysts anticipate that PVH Corp. will post 11.59 EPS for the current year.

PVH Announces Dividend

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

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.