Victory Capital Management Inc. Has $71.83 Million Stock Position in PVH Corp. (NYSE:PVH)

Victory Capital Management Inc. lifted its position in shares of PVH Corp. (NYSE:PVH) by 14.4% in the third quarter, Holdings Channel reports. The institutional investor owned 712,403 shares of the textile maker’s stock after acquiring an additional 89,790 shares during the period. Victory Capital Management Inc.’s holdings in PVH were worth $71,832,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of PVH. SG Americas Securities LLC lifted its holdings in shares of PVH by 257.7% during the first quarter. SG Americas Securities LLC now owns 12,027 shares of the textile maker’s stock worth $1,691,000 after buying an additional 8,665 shares in the last quarter. Headlands Technologies LLC acquired a new position in PVH in the first quarter valued at about $36,000. State Board of Administration of Florida Retirement System raised its stake in PVH by 20.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 75,192 shares of the textile maker’s stock valued at $10,573,000 after purchasing an additional 12,840 shares in the last quarter. Blair William & Co. IL raised its stake in PVH by 2.9% in the first quarter. Blair William & Co. IL now owns 3,311 shares of the textile maker’s stock valued at $466,000 after purchasing an additional 92 shares in the last quarter. Finally, Twin Tree Management LP acquired a new position in PVH in the first quarter valued at about $1,576,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on PVH. StockNews.com downgraded PVH from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. Barclays decreased their target price on PVH from $154.00 to $142.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Guggenheim decreased their target price on PVH from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. TD Cowen decreased their target price on PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Finally, Wells Fargo & Company decreased their target price on PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $126.53.

PVH Stock Performance

Shares of PVH stock opened at $102.63 on Thursday. The business’s 50 day simple moving average is $97.59 and its 200 day simple moving average is $103.98. PVH Corp. has a one year low of $78.57 and a one year high of $141.15. The stock has a market capitalization of $5.73 billion, a PE ratio of 8.15, a PEG ratio of 0.93 and a beta of 2.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66.

PVH (NYSE:PVH) last announced its earnings results on Tuesday, August 27th. The textile maker reported $3.01 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 business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the prior year, the business posted $1.98 earnings per share. The firm’s revenue was down 6.0% on a year-over-year basis. As a group, research analysts forecast that PVH Corp. will post 11.66 earnings per share for the current year.

PVH Dividend Announcement

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

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.