18,444 Shares in PVH Corp. (NYSE:PVH) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in shares of PVH Corp. (NYSE:PVH - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 18,444 shares of the textile maker's stock, valued at approximately $1,916,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Pzena Investment Management LLC raised its stake in PVH by 0.6% in the third quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker's stock valued at $570,295,000 after purchasing an additional 32,300 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of PVH by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker's stock worth $333,375,000 after purchasing an additional 55,293 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of PVH by 9.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker's stock valued at $255,011,000 after purchasing an additional 208,648 shares during the last quarter. Pacer Advisors Inc. lifted its position in PVH by 39.6% in the 3rd quarter. Pacer Advisors Inc. now owns 1,705,717 shares of the textile maker's stock worth $171,987,000 after buying an additional 483,510 shares during the last quarter. Finally, LSV Asset Management boosted its stake in PVH by 15.7% in the second quarter. LSV Asset Management now owns 916,002 shares of the textile maker's stock worth $96,977,000 after buying an additional 124,309 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors.

PVH Stock Down 2.3 %

PVH stock traded down $2.42 during mid-day trading on Thursday, reaching $103.64. The stock had a trading volume of 890,512 shares, compared to its average volume of 844,383. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 1.10 and a beta of 2.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. PVH Corp. has a one year low of $89.56 and a one year high of $141.15. The company has a 50-day moving average price of $102.85 and a two-hundred day moving average price of $102.67.

PVH (NYSE:PVH - Get Free Report) last issued its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.44. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business's revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.90 earnings per share. On average, analysts expect that PVH Corp. will post 11.68 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were issued a $0.0375 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.15 annualized dividend and a yield of 0.14%. PVH's payout ratio is 1.22%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PVH. Morgan Stanley lowered their price objective 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. Telsey Advisory Group restated an "outperform" rating and set a $130.00 price target on shares of PVH in a research report on Wednesday, December 4th. Bank of America cut 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. The Goldman Sachs Group lowered their price objective on shares of PVH from $144.00 to $124.00 and set a "buy" rating for the company in a research note on Thursday, August 29th. Finally, Wells Fargo & Company decreased their target price on PVH from $145.00 to $130.00 and set an "overweight" rating for the company in a report on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.00.

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.