Janney Montgomery Scott LLC Grows Stake in PVH Corp. (NYSE:PVH)

Janney Montgomery Scott LLC increased its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 135.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,334 shares of the textile maker's stock after acquiring an additional 7,678 shares during the quarter. Janney Montgomery Scott LLC's holdings in PVH were worth $1,344,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Pacer Advisors Inc. boosted its holdings in shares of PVH by 13,275.0% during the 2nd quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker's stock valued at $129,395,000 after purchasing an additional 1,213,069 shares during the last quarter. Massachusetts Financial Services Co. MA grew 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 valued at $245,668,000 after buying an additional 296,040 shares in the last quarter. Point72 Asset Management L.P. increased its stake in PVH by 6,471.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 289,139 shares of the textile maker's stock worth $30,611,000 after acquiring an additional 284,739 shares during the last quarter. Pzena Investment Management LLC raised its holdings in shares of 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 acquiring an additional 284,269 shares in the last quarter. Finally, Swedbank AB bought a new position in shares of PVH during the 3rd quarter valued at approximately $17,542,000. 97.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on PVH. BMO Capital Markets decreased their price target on shares of PVH from $119.00 to $106.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 28th. StockNews.com lowered PVH from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 16th. Morgan Stanley decreased their price objective 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. Barclays dropped their target price on PVH from $154.00 to $142.00 and set an "overweight" rating for the company in a report on Thursday, August 29th. Finally, Bank of America lowered PVH from a "buy" rating to a "neutral" rating and decreased their price target for the company from $130.00 to $107.00 in a report on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $126.53.

PVH Trading Down 1.7 %

Shares of PVH stock traded down $1.77 on Friday, hitting $102.09. 451,914 shares of the company traded hands, compared to its average volume of 839,478. PVH Corp. has a 52 week low of $81.93 and a 52 week high of $141.15. The company has a market cap of $5.70 billion, a PE ratio of 8.10, a PEG ratio of 0.93 and a beta of 2.11. The stock's 50 day moving average price is $97.87 and its 200-day moving average price is $103.90. 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 (NYSE:PVH - Get Free Report) last issued its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.72. The business had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.07 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. The business's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.98 EPS. Equities research analysts predict that PVH Corp. will post 11.66 EPS for the current year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a $0.0375 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.15%. PVH's dividend payout ratio 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.