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

Victory Capital Management Inc. lifted its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 14.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 712,403 shares of the textile maker's stock after buying an additional 89,790 shares during the period. Victory Capital Management Inc. owned about 1.28% of PVH worth $71,832,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC grew its stake in PVH by 63.9% in the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker's stock valued at $27,000 after purchasing an additional 106 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of PVH by 13.3% in the third quarter. Crossmark Global Holdings Inc. now owns 42,400 shares of the textile maker's stock valued at $4,276,000 after buying an additional 4,991 shares in the last quarter. Covestor Ltd increased its holdings in PVH by 270.6% during the third quarter. Covestor Ltd now owns 404 shares of the textile maker's stock worth $41,000 after buying an additional 295 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in PVH during the third quarter worth $459,000. Finally, Olympiad Research LP lifted its stake in PVH by 12.2% in the third quarter. Olympiad Research LP now owns 2,405 shares of the textile maker's stock valued at $242,000 after acquiring an additional 262 shares during the last quarter. Institutional investors own 97.25% of the company's stock.

PVH Price Performance

Shares of NYSE:PVH traded up $1.25 during trading on Thursday, reaching $103.83. 471,036 shares of the company traded hands, compared to its average volume of 841,230. 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 52 week low of $81.78 and a 52 week high of $141.15. The firm has a market capitalization of $5.79 billion, a PE ratio of 8.15, a PEG ratio of 0.93 and a beta of 2.11. The company's 50 day moving average is $97.59 and its two-hundred day moving average is $103.98.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings data 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 net margin of 8.37% and a return on equity of 13.94%. PVH's revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.98 earnings per share. As a group, sell-side analysts predict that PVH Corp. will post 11.66 earnings per share for the current year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date is Wednesday, November 27th. PVH's dividend payout ratio is presently 1.19%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. BMO Capital Markets lowered their price objective 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 cut PVH from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 16th. Morgan Stanley reduced their target price on 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 dropped their price target on PVH from $140.00 to $130.00 and set an "outperform" rating on the stock in a research note on Thursday, August 29th. Finally, Wells Fargo & Company reduced their price objective on shares of PVH from $145.00 to $130.00 and set an "overweight" rating for the company in a research report on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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.