Wedge Capital Management L L P NC Invests $2.58 Million in PVH Corp. (NYSE:PVH)

Wedge Capital Management L L P NC purchased a new stake in shares of PVH Corp. (NYSE:PVH) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 25,549 shares of the textile maker’s stock, valued at approximately $2,576,000.

Other institutional investors also recently bought and sold shares of the company. Scientech Research LLC raised 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 valued at $1,201,000 after acquiring an additional 9,743 shares during the period. BNP Paribas Financial Markets grew its holdings in PVH by 321.8% during the 1st quarter. BNP Paribas Financial Markets now owns 39,996 shares of the textile maker’s stock valued at $5,624,000 after purchasing an additional 30,513 shares during the last quarter. Capstone Investment Advisors LLC raised its position in PVH by 115.5% in the 1st quarter. Capstone Investment Advisors LLC now owns 22,388 shares of the textile maker’s stock worth $3,148,000 after purchasing an additional 11,999 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in PVH in the first quarter worth about $961,000. Finally, 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 valued at $3,290,000 after buying an additional 15,976 shares during the period. 97.25% of the stock is currently owned by institutional investors.

PVH Stock Down 0.0 %

Shares of NYSE PVH opened at $97.44 on Wednesday. The stock has a market capitalization of $5.44 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.88 and a beta of 2.11. 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 12-month low of $70.80 and a 12-month high of $141.15. The stock’s fifty day simple moving average is $97.48 and its two-hundred day simple moving average is $105.55.

PVH (NYSE:PVH) last posted 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 return on equity of 13.94% and a net margin of 8.37%. The company 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 firm earned $1.98 earnings per share. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. As a group, analysts expect that PVH Corp. will post 11.66 EPS for the current fiscal year.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.15%. The ex-dividend date of this dividend was Wednesday, September 4th. PVH’s dividend payout ratio is currently 1.33%.

Wall Street Analysts Forecast Growth

PVH has been the subject of a number of research analyst reports. StockNews.com lowered PVH from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. TD Cowen decreased their target price on PVH from $149.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Bank of America cut shares of PVH from a “buy” rating to a “neutral” rating and cut their price target for the stock from $130.00 to $107.00 in a report on Wednesday, October 2nd. Barclays decreased their price objective on shares of PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. Finally, Morgan Stanley dropped their target price on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Friday, September 6th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, PVH has an average rating of “Moderate Buy” and an average target price of $128.87.

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.