Asset Management One Co. Ltd. Invests $1.25 Million in PVH Corp. (NYSE:PVH)

Asset Management One Co. Ltd. purchased a new stake in PVH Corp. (NYSE:PVH - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,435 shares of the textile maker's stock, valued at approximately $1,254,000.

Several other large investors have also made changes to their positions in PVH. Janney Montgomery Scott LLC boosted its position in shares of PVH by 135.7% in the third quarter. Janney Montgomery Scott LLC now owns 13,334 shares of the textile maker's stock valued at $1,344,000 after acquiring an additional 7,678 shares during the period. Voisard Asset Management Group Inc. increased its stake in shares of PVH by 65.9% in the third quarter. Voisard Asset Management Group Inc. now owns 755 shares of the textile maker's stock valued at $76,000 after buying an additional 300 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its stake in shares of PVH by 217.9% in the third quarter. China Universal Asset Management Co. Ltd. now owns 2,998 shares of the textile maker's stock valued at $302,000 after buying an additional 2,055 shares in the last quarter. Conscious Wealth Investments LLC bought a new position in PVH in the third quarter valued at about $2,559,000. Finally, State of Alaska Department of Revenue boosted its holdings in PVH by 5.4% in the third quarter. State of Alaska Department of Revenue now owns 6,493 shares of the textile maker's stock valued at $654,000 after acquiring an additional 335 shares during the last quarter. Institutional investors own 97.25% of the company's stock.

Wall Street Analyst Weigh In

PVH has been the topic of a number of research analyst reports. Guggenheim dropped their price target on PVH from $120.00 to $105.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Morgan Stanley dropped their target price on PVH from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Friday, September 6th. TD Cowen dropped their target price on PVH from $149.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday, August 29th. BMO Capital Markets dropped their target price on PVH from $119.00 to $106.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 28th. Finally, StockNews.com lowered PVH from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 16th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, PVH currently has an average rating of "Moderate Buy" and an average target price of $126.53.

PVH Stock Performance

Shares of NYSE PVH traded down $1.88 during midday trading on Monday, hitting $102.35. 586,401 shares of the company's stock were exchanged, compared to its average volume of 845,440. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32. PVH Corp. has a 12 month low of $75.23 and a 12 month high of $141.15. The company's 50 day moving average price is $97.27 and its 200 day moving average price is $104.10. The firm has a market capitalization of $5.71 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 0.94 and a beta of 2.11.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) 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 return on equity of 13.94% and a net margin of 8.37%. The firm's quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.98 EPS. As a group, analysts predict that PVH Corp. will post 11.66 earnings per share for the current fiscal year.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors 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 yield of 0.15%. PVH's dividend payout ratio (DPR) is presently 1.19%.

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.