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

Victory Capital Management Inc. lifted its position in PVH Corp. (NYSE:PVH) by 14.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 712,403 shares of the textile maker’s stock after acquiring an additional 89,790 shares during the period. Victory Capital Management Inc. owned approximately 1.28% of PVH worth $71,832,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PVH. Pacer Advisors Inc. raised its holdings in PVH by 13,275.0% during the 2nd quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock worth $129,395,000 after buying an additional 1,213,069 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in PVH by 14.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock worth $245,668,000 after buying an additional 296,040 shares during the period. Point72 Asset Management L.P. raised its holdings in PVH by 6,471.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 289,139 shares of the textile maker’s stock worth $30,611,000 after buying an additional 284,739 shares during the period. Pzena Investment Management LLC raised its holdings in PVH by 5.3% during the 2nd quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock worth $595,382,000 after buying an additional 284,269 shares during the period. Finally, Swedbank AB acquired a new stake in PVH during the 3rd quarter worth approximately $17,542,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Trading Down 0.1 %

PVH stock opened at $102.63 on Thursday. 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 company has a fifty day moving average price of $97.59 and a two-hundred day moving average price of $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 cap of $5.73 billion, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of 0.93 and a beta of 2.11.

PVH (NYSE:PVH) last released its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.72. PVH had a net margin of 8.37% and a return on equity of 13.94%. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the previous year, the business posted $1.98 earnings per share. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. Equities analysts anticipate that PVH Corp. will post 11.66 EPS for the current year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a yield of 0.15%. PVH’s dividend payout ratio (DPR) is 1.19%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. The Goldman Sachs Group dropped their target price on shares of PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Morgan Stanley decreased their price target on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Friday, September 6th. Telsey Advisory Group decreased their price target on shares of PVH from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. TD Cowen decreased their price target on shares of PVH from $149.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, Bank of America cut shares of PVH from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $130.00 to $107.00 in a research note on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, PVH presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.53.

PVH 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.