Edgestream Partners L.P. Makes New $2.99 Million Investment in PVH Corp. (NYSE:PVH)

Edgestream Partners L.P. purchased a new position in shares of PVH Corp. (NYSE:PVH) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 29,665 shares of the textile maker’s stock, valued at approximately $2,991,000. Edgestream Partners L.P. owned about 0.05% of PVH as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Verition Fund Management LLC grew its position in shares of PVH by 255.1% during the 3rd quarter. Verition Fund Management LLC now owns 44,958 shares of the textile maker’s stock worth $4,533,000 after buying an additional 32,298 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of PVH by 19.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 320,700 shares of the textile maker’s stock worth $32,336,000 after buying an additional 52,735 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of PVH by 8.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,193 shares of the textile maker’s stock worth $2,439,000 after buying an additional 1,947 shares during the period. FORA Capital LLC acquired a new stake in shares of PVH during the 3rd quarter worth approximately $623,000. Finally, Bridgewater Associates LP grew its position in shares of PVH by 86.7% during the 3rd quarter. Bridgewater Associates LP now owns 157,248 shares of the textile maker’s stock worth $15,855,000 after buying an additional 73,028 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on PVH shares. Morgan Stanley reduced their price objective on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Friday, September 6th. TD Cowen reduced their price target on shares of PVH from $149.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Telsey Advisory Group reissued an “outperform” rating and issued a $130.00 price target on shares of PVH in a research report on Wednesday, November 27th. Bank of America downgraded shares of PVH from a “buy” rating to a “neutral” rating and reduced their price target for the company from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Finally, Guggenheim reduced their price target on shares of PVH from $120.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $126.53.

PVH Trading Up 1.4 %

NYSE PVH opened at $108.37 on Monday. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 0.97 and a beta of 2.11. PVH Corp. has a one year low of $89.10 and a one year high of $141.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66. The business’s fifty day moving average is $99.55 and its 200-day moving average is $103.18.

PVH Dividend Announcement

The firm 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 dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date is Wednesday, November 27th. PVH’s payout ratio is 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.