Olympiad Research LP Boosts Holdings in PVH Corp. (NYSE:PVH)

Olympiad Research LP grew its position in shares of PVH Corp. (NYSE:PVH) by 12.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,405 shares of the textile maker’s stock after buying an additional 262 shares during the quarter. Olympiad Research LP’s holdings in PVH were worth $242,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Altshuler Shaham Ltd purchased a new position in PVH during the second quarter worth about $25,000. New Covenant Trust Company N.A. acquired a new stake in shares of PVH in the 1st quarter valued at approximately $26,000. Headlands Technologies LLC purchased a new stake in shares of PVH in the first quarter valued at approximately $36,000. Daiwa Securities Group Inc. acquired a new position in PVH during the first quarter worth $42,000. Finally, ORG Partners LLC acquired a new stake in PVH in the second quarter valued at $42,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Stock Performance

Shares of PVH opened at $104.23 on Friday. The company’s 50 day simple moving average is $97.27 and its 200 day simple moving average is $104.23. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 0.93 and a beta of 2.11. PVH Corp. has a 1 year low of $74.81 and a 1 year high of $141.15.

PVH (NYSE:PVH) last posted its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.72. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.07 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. The business’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.98 earnings per share. On average, sell-side analysts predict that PVH Corp. will post 11.66 EPS for the current year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.0375 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. PVH’s payout ratio is currently 1.19%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PVH. The Goldman Sachs Group cut their price target on shares of PVH from $144.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, August 29th. TD Cowen decreased their price target on PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Bank of America cut PVH from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $130.00 to $107.00 in a report on Wednesday, October 2nd. Wells Fargo & Company reduced their price objective on PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, August 28th. Finally, BMO Capital Markets lowered their target price on PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a report on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $126.53.

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.