Crossmark Global Holdings Inc. Raises Stake in PVH Corp. (NYSE:PVH)

Crossmark Global Holdings Inc. lifted its position in shares of PVH Corp. (NYSE:PVH) by 13.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 42,400 shares of the textile maker’s stock after buying an additional 4,991 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in PVH were worth $4,276,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PVH. SG Americas Securities LLC grew 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 purchased a new stake in shares of PVH during the first quarter worth about $36,000. Qsemble Capital Management LP purchased a new stake in shares of PVH during the first quarter worth about $477,000. State Board of Administration of Florida Retirement System grew its holdings in shares of PVH by 20.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 75,192 shares of the textile maker’s stock worth $10,573,000 after buying an additional 12,840 shares in the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of PVH by 2.9% during the first quarter. Blair William & Co. IL now owns 3,311 shares of the textile maker’s stock worth $466,000 after buying an additional 92 shares in the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Morgan Stanley lowered their target price on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, September 6th. TD Cowen lowered their target price on shares of PVH from $149.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Wells Fargo & Company lowered their target price on shares of PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, August 28th. Finally, Guggenheim lowered their target price on shares of PVH from $120.00 to $105.00 and set a “buy” rating for the company in a report on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, PVH presently has an average rating of “Moderate Buy” and a consensus target price of $126.53.

PVH Trading Down 1.8 %

NYSE PVH opened at $102.35 on Tuesday. The stock has a market cap of $5.71 billion, a P/E ratio of 8.12, a PEG ratio of 0.94 and a beta of 2.11. The company’s fifty day simple moving average is $97.35 and its 200-day simple moving average is $104.05. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. PVH Corp. has a 52 week low of $75.23 and a 52 week high of $141.15.

PVH (NYSE:PVH) last announced its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.72. The business 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 business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.98 earnings per share. Equities research analysts predict that PVH Corp. will post 11.66 EPS for the current fiscal year.

PVH Dividend Announcement

The company also recently announced 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. The ex-dividend date is Wednesday, November 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.15%. PVH’s dividend payout ratio (DPR) is presently 1.19%.

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.