Qsemble Capital Management LP Buys Shares of 12,300 PVH Corp. (NYSE:PVH)

Qsemble Capital Management LP purchased a new position in PVH Corp. (NYSE:PVH) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 12,300 shares of the textile maker’s stock, valued at approximately $1,240,000.

A number of other institutional investors have also recently made changes to their positions in PVH. Altshuler Shaham Ltd acquired a new stake in PVH in the 2nd quarter valued at about $25,000. New Covenant Trust Company N.A. acquired a new stake in shares of PVH in the first quarter valued at approximately $26,000. Venturi Wealth Management LLC increased its holdings in shares of PVH by 63.9% in the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 106 shares during the last quarter. Covestor Ltd boosted its position in shares of PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 295 shares during the last quarter. Finally, ORG Partners LLC purchased a new stake in shares of PVH in the second quarter valued at about $42,000. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Stock Down 0.1 %

Shares of NYSE PVH opened at $107.60 on Wednesday. The business’s fifty day simple moving average is $98.70 and its 200-day simple moving average is $103.30. 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 stock has a market cap of $6.01 billion, a P/E ratio of 8.54, a PEG ratio of 0.97 and a beta of 2.11. PVH Corp. has a 12-month low of $86.40 and a 12-month high of $141.15.

PVH (NYSE:PVH) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the business earned $1.98 EPS. As a group, equities analysts predict that PVH Corp. will post 11.75 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date is Wednesday, November 27th. PVH’s dividend payout ratio (DPR) is 1.19%.

Wall Street Analyst Weigh In

PVH has been the topic of several recent analyst reports. Telsey Advisory Group decreased their target price on shares of PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Morgan Stanley cut their target price on PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Friday, September 6th. The Goldman Sachs Group decreased their price target on PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. BMO Capital Markets cut their price objective on PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a research report on Wednesday, August 28th. Finally, Barclays reduced their price objective on shares of PVH from $154.00 to $142.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.