Systematic Financial Management LP Buys New Holdings in PVH Corp. (NYSE:PVH)

Systematic Financial Management LP bought a new stake in shares of PVH Corp. (NYSE:PVH - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 7,057 shares of the textile maker's stock, valued at approximately $712,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PVH. Pzena Investment Management LLC boosted its stake in shares of PVH by 0.6% in the 3rd 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 grew its holdings in shares of PVH by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker's stock worth $333,375,000 after acquiring an additional 55,293 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in PVH by 9.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker's stock worth $255,011,000 after purchasing an additional 208,648 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of 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 acquiring an additional 483,510 shares in the last quarter. Finally, LSV Asset Management increased its stake in shares of PVH by 15.7% during the second quarter. LSV Asset Management now owns 916,002 shares of the textile maker's stock valued at $96,977,000 after purchasing an additional 124,309 shares in the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Trading Down 1.5 %

Shares of PVH traded down $1.68 during trading hours on Friday, reaching $107.18. 1,200,872 shares of the company traded hands, compared to its average volume of 684,510. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 1.01 and a beta of 2.10. PVH Corp. has a 12-month low of $89.56 and a 12-month high of $141.15. The stock's fifty day moving average price is $100.86 and its 200 day moving average price is $103.09. 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 Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.44. PVH had a return on equity of 13.77% and a net margin of 8.13%. The business had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.22 billion. During the same period in the prior year, the business earned $2.90 EPS. The business's revenue for the quarter was down 4.6% compared to the same quarter last year. Sell-side analysts forecast that PVH Corp. will post 11.63 earnings per share for the current year.

PVH Announces Dividend

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 0.14%. PVH's dividend payout ratio is presently 1.22%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PVH. Barclays decreased their target price on shares of PVH from $154.00 to $142.00 and set an "overweight" rating for the company in a report on Thursday, August 29th. BMO Capital Markets dropped their price target on shares of PVH from $119.00 to $106.00 and set a "market perform" rating for the company in a research report on Wednesday, August 28th. The Goldman Sachs Group cut their target price on PVH from $144.00 to $124.00 and set a "buy" rating for the company in a research report on Thursday, August 29th. Wells Fargo & Company cut their target price on shares of PVH from $145.00 to $130.00 and set an "overweight" rating for the company in a research note on Wednesday, August 28th. Finally, StockNews.com downgraded PVH from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 16th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.87.

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.