Pacer Advisors Inc. Acquires 483,510 Shares of PVH Corp. (NYSE:PVH)

Pacer Advisors Inc. lifted its holdings in PVH Corp. (NYSE:PVH) by 39.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,705,717 shares of the textile maker’s stock after acquiring an additional 483,510 shares during the period. Pacer Advisors Inc. owned 3.06% of PVH worth $171,987,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Scientech Research LLC boosted its stake in shares of PVH by 608.6% in the second quarter. Scientech Research LLC now owns 11,344 shares of the textile maker’s stock worth $1,201,000 after acquiring an additional 9,743 shares during the period. O Shaughnessy Asset Management LLC bought a new position in PVH during the first quarter valued at approximately $961,000. Quadrature Capital Ltd boosted its stake in PVH by 215.3% during the first quarter. Quadrature Capital Ltd now owns 23,397 shares of the textile maker’s stock valued at $3,290,000 after buying an additional 15,976 shares during the last quarter. American Century Companies Inc. boosted its stake 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 buying an additional 21,790 shares during the last quarter. Finally, Castleark Management LLC bought a new position in PVH during the first quarter valued at approximately $3,348,000. Institutional investors own 97.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. BMO Capital Markets dropped their price target on PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a research note on Wednesday, August 28th. Telsey Advisory Group decreased their price objective on PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Morgan Stanley decreased their price objective on PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Friday, September 6th. Guggenheim decreased their price objective on PVH from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Finally, The Goldman Sachs Group decreased their price objective on PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $126.53.

PVH Trading Down 2.2 %

Shares of NYSE PVH opened at $96.47 on Thursday. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $98.16 and a two-hundred day simple moving average of $103.60. The firm has a market cap of $5.38 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 0.89 and a beta of 2.11. PVH Corp. has a twelve month low of $85.33 and a twelve month high of $141.15.

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

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. The ex-dividend date is Wednesday, November 27th. PVH’s payout ratio is 1.19%.

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.