Oak Thistle LLC Invests $992,000 in PVH Corp. (NYSE:PVH)

Oak Thistle LLC bought a new position in PVH Corp. (NYSE:PVH) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 9,368 shares of the textile maker’s stock, valued at approximately $992,000. PVH accounts for 0.7% of Oak Thistle LLC’s holdings, making the stock its 12th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. LSV Asset Management lifted its position in shares of PVH by 15.7% in the 2nd quarter. LSV Asset Management now owns 916,002 shares of the textile maker’s stock worth $96,977,000 after purchasing an additional 124,309 shares during the period. Hahn Capital Management LLC lifted its position in shares of PVH by 33.4% in the 2nd quarter. Hahn Capital Management LLC now owns 51,991 shares of the textile maker’s stock worth $5,504,000 after purchasing an additional 13,020 shares during the period. Victory Capital Management Inc. lifted its position in shares of PVH by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 622,613 shares of the textile maker’s stock worth $65,916,000 after purchasing an additional 93,600 shares during the period. Pzena Investment Management LLC lifted its position in shares of PVH by 5.3% in the 2nd quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock worth $595,382,000 after purchasing an additional 284,269 shares during the period. Finally, Natixis Advisors LLC lifted its position in PVH by 26.2% during the 2nd quarter. Natixis Advisors LLC now owns 19,733 shares of the textile maker’s stock valued at $2,089,000 after acquiring an additional 4,097 shares during the period. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Stock Performance

Shares of PVH stock traded down $1.87 during trading hours on Friday, reaching $94.96. The company had a trading volume of 810,833 shares, compared to its average volume of 881,426. The business has a fifty day moving average price of $100.54 and a 200-day moving average price of $113.08. PVH Corp. has a one year low of $69.27 and a one year high of $141.15. The firm has a market cap of $5.30 billion, a PE ratio of 8.40, a price-to-earnings-growth ratio of 0.77 and a beta of 2.12. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24.

PVH (NYSE:PVH) last announced its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.72. PVH had a net margin of 8.37% and a return on equity of 13.94%. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period in the previous year, the business posted $1.98 earnings per share. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. Sell-side analysts predict that PVH Corp. will post 11.47 earnings per share for the current fiscal year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be paid a $0.0375 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. PVH’s dividend payout ratio is presently 1.33%.

Analyst Upgrades and Downgrades

PVH has been the subject of a number of recent research reports. Barclays lowered their price target on shares of PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Telsey Advisory Group lowered their price target on shares of PVH from $140.00 to $130.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Wells Fargo & Company lowered their price target 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. Wedbush reissued an “outperform” rating and set a $128.00 price target on shares of PVH in a research report on Wednesday, June 5th. Finally, Evercore ISI lifted their price target on shares of PVH from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $130.40.

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.