Voisard Asset Management Group Inc. Grows Stock Position in PVH Corp. (NYSE:PVH)

Voisard Asset Management Group Inc. raised its stake in shares of PVH Corp. (NYSE:PVH) by 65.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 755 shares of the textile maker’s stock after buying an additional 300 shares during the period. Voisard Asset Management Group Inc.’s holdings in PVH were worth $76,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PVH. State of Michigan Retirement System increased its stake in shares of PVH by 0.7% in the 1st quarter. State of Michigan Retirement System now owns 14,600 shares of the textile maker’s stock valued at $2,053,000 after purchasing an additional 100 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of PVH by 321.8% in 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 in the last quarter. Capstone Investment Advisors LLC increased its stake in shares of PVH by 115.5% in the 1st quarter. Capstone Investment Advisors LLC now owns 22,388 shares of the textile maker’s stock valued at $3,148,000 after purchasing an additional 11,999 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in PVH in the 1st quarter worth about $52,000. Finally, Daiwa Securities Group Inc. acquired a new stake in PVH in the 1st quarter worth about $42,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Stock Performance

Shares of PVH stock opened at $98.93 on Thursday. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The firm has a fifty day moving average price of $97.27 and a 200 day moving average price of $104.49. The company has a market cap of $5.52 billion, a P/E ratio of 7.85, a PEG ratio of 0.85 and a beta of 2.11. PVH Corp. has a 12 month low of $71.32 and a 12 month high of $141.15.

PVH (NYSE:PVH) last issued its earnings results on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.72. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.07 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. The company’s revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.98 earnings per share. Sell-side analysts predict that PVH Corp. will post 11.65 earnings per share for the current fiscal year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.15%. PVH’s dividend payout ratio is presently 1.19%.

Wall Street Analyst Weigh In

PVH has been the topic of several recent research reports. Telsey Advisory Group lowered their target price on PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. StockNews.com cut PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. TD Cowen reduced their price target on shares of PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Barclays reduced their price target on shares of PVH from $154.00 to $142.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Finally, Wells Fargo & Company reduced their price target on shares of PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, PVH presently has an average rating of “Moderate Buy” and an average price target of $126.53.

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.