Invenomic Capital Management LP increased its holdings in shares of PVH Corp. (NYSE:PVH – Free Report) by 32.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 652,967 shares of the textile maker’s stock after purchasing an additional 159,532 shares during the quarter. PVH makes up approximately 2.0% of Invenomic Capital Management LP’s portfolio, making the stock its 8th biggest position. Invenomic Capital Management LP owned approximately 1.43% of PVH worth $43,762,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Danske Bank A S purchased a new stake in shares of PVH in the 3rd quarter valued at about $25,000. Saranac Partners Ltd acquired a new stake in shares of PVH in the 3rd quarter valued at about $30,000. Global Retirement Partners LLC boosted its position in shares of PVH by 513.9% in the 4th quarter. Global Retirement Partners LLC now owns 442 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 370 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in PVH during the fourth quarter worth approximately $36,000. Finally, Meeder Asset Management Inc. acquired a new position in PVH during the fourth quarter worth approximately $48,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.
PVH Stock Performance
NYSE:PVH opened at $76.52 on Thursday. The firm’s fifty day moving average price is $87.72 and its 200 day moving average price is $75.24. PVH Corp. has a 1-year low of $59.60 and a 1-year high of $100.75. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 1.09 and a beta of 1.71. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.68 and a quick ratio of 0.93.
PVH Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.15 annualized dividend and a yield of 0.2%. PVH’s dividend payout ratio is 4.75%.
Analysts Set New Price Targets
Several research firms have commented on PVH. Telsey Advisory Group reaffirmed a “market perform” rating and set a $74.00 price target on shares of PVH in a research report on Wednesday, April 1st. Citigroup reaffirmed a “buy” rating on shares of PVH in a research report on Friday, June 5th. Wells Fargo & Company lowered their price objective on shares of PVH from $85.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Friday, June 5th. JPMorgan Chase & Co. lowered their price objective on shares of PVH from $79.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, June 4th. Finally, Needham & Company LLC lowered their price objective on shares of PVH from $107.00 to $102.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, PVH presently has an average rating of “Moderate Buy” and a consensus target price of $86.14.
Check Out Our Latest Research Report on PVH
PVH Profile
PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.
PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.
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