Sanctuary Advisors LLC Makes New $1.92 Million Investment in PVH Corp. (NYSE:PVH)

Sanctuary Advisors LLC acquired a new stake in PVH Corp. (NYSE:PVH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,444 shares of the textile maker’s stock, valued at approximately $1,916,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its position in PVH by 5.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,784 shares of the textile maker’s stock worth $506,000 after purchasing an additional 261 shares during the last quarter. Raymond James & Associates grew its position in PVH by 4.0% during the second quarter. Raymond James & Associates now owns 15,444 shares of the textile maker’s stock worth $1,635,000 after buying an additional 591 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in PVH by 10.8% during the second quarter. Nisa Investment Advisors LLC now owns 36,578 shares of the textile maker’s stock valued at $3,873,000 after acquiring an additional 3,563 shares during the period. Fifth Third Bancorp lifted its position in shares of PVH by 18.6% in the 2nd quarter. Fifth Third Bancorp now owns 1,645 shares of the textile maker’s stock worth $174,000 after acquiring an additional 258 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its holdings in shares of PVH by 116.9% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 3,520 shares of the textile maker’s stock worth $373,000 after purchasing an additional 1,897 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Telsey Advisory Group restated an “outperform” rating and issued a $130.00 target price on shares of PVH in a research note on Wednesday, December 4th. TD Cowen reduced their price objective on shares of PVH from $149.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Wells Fargo & Company lowered their target price on shares of PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 28th. BMO Capital Markets cut 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 note on Wednesday, August 28th. Finally, Guggenheim lifted their price objective on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 6th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $128.00.

PVH Stock Down 3.4 %

Shares of NYSE:PVH opened at $106.06 on Thursday. PVH Corp. has a 12 month low of $89.56 and a 12 month high of $141.15. The firm has a market cap of $5.90 billion, a P/E ratio of 8.64, a P/E/G ratio of 1.10 and a beta of 2.10. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $102.69 and its two-hundred day moving average price is $102.67.

PVH (NYSE:PVH) last released its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating the consensus estimate of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the prior year, the firm earned $2.90 earnings per share. PVH’s revenue was down 4.6% compared to the same quarter last year. As a group, research analysts forecast that PVH Corp. will post 11.68 EPS for the current fiscal year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were given a dividend of $0.0375 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. PVH’s payout ratio is currently 1.22%.

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.