Redwood Investment Management LLC Buys 534 Shares of PVH Corp. (NYSE:PVH)

Redwood Investment Management LLC boosted its stake in PVH Corp. (NYSE:PVH) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,647 shares of the textile maker’s stock after acquiring an additional 534 shares during the quarter. Redwood Investment Management LLC’s holdings in PVH were worth $1,371,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Scientech Research LLC boosted its position in PVH by 608.6% during the second quarter. Scientech Research LLC now owns 11,344 shares of the textile maker’s stock valued at $1,201,000 after purchasing an additional 9,743 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of PVH by 37.4% in the 2nd quarter. American Century Companies Inc. now owns 80,021 shares of the textile maker’s stock valued at $8,472,000 after buying an additional 21,790 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of PVH in the second quarter valued at $6,995,000. Sei Investments Co. increased its holdings in PVH by 30.1% during the second quarter. Sei Investments Co. now owns 160,058 shares of the textile maker’s stock worth $16,946,000 after buying an additional 37,012 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in PVH by 13.3% during the third quarter. Crossmark Global Holdings Inc. now owns 42,400 shares of the textile maker’s stock worth $4,276,000 after acquiring an additional 4,991 shares in the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Price Performance

PVH stock opened at $107.18 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. PVH Corp. has a 52-week low of $89.56 and a 52-week high of $141.15. The company has a market capitalization of $5.98 billion, a P/E ratio of 8.73, a PEG ratio of 1.01 and a beta of 2.10. The company has a fifty day moving average price of $100.86 and a 200-day moving average price of $103.09.

PVH (NYSE:PVH) last issued its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.44. PVH had a return on equity of 13.77% and a net margin of 8.13%. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the prior year, the firm posted $2.90 earnings per share. The business’s quarterly revenue was down 4.6% on a year-over-year basis. As a group, equities analysts expect that PVH Corp. will post 11.63 EPS for the current year.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend is Wednesday, November 27th. PVH’s dividend payout ratio is currently 1.22%.

Analyst Upgrades and Downgrades

PVH has been the subject of several recent analyst reports. BMO Capital Markets cut their target price on shares of PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a research note on Wednesday, August 28th. Bank of America cut shares of PVH from a “buy” rating to a “neutral” rating and cut their target price for the stock from $130.00 to $107.00 in a research note on Wednesday, October 2nd. StockNews.com downgraded PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Telsey Advisory Group reissued an “outperform” rating and set a $130.00 target price on shares of PVH in a report on Wednesday. Finally, The Goldman Sachs Group dropped their price target on shares of PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.87.

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.