Algert Global LLC Acquires Shares of 35,971 PVH Corp. (NYSE:PVH)

Algert Global LLC acquired a new stake in PVH Corp. (NYSE:PVH) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 35,971 shares of the textile maker’s stock, valued at approximately $3,808,000. Algert Global LLC owned approximately 0.06% of PVH as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new position in PVH in the 1st quarter valued at $26,000. Altshuler Shaham Ltd purchased a new position in PVH in the 2nd quarter valued at $25,000. Headlands Technologies LLC purchased a new position in PVH in the 1st quarter valued at $36,000. Riverview Trust Co purchased a new position in PVH in the 1st quarter valued at $36,000. Finally, Daiwa Securities Group Inc. purchased a new position in PVH in the 1st quarter valued at $42,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Wall Street Analyst Weigh In

PVH has been the topic of several analyst reports. Evercore ISI lifted their price target on PVH from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. Wells Fargo & Company reduced their price target on PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, August 28th. BMO Capital Markets reduced their price target on PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a report on Wednesday, August 28th. StockNews.com lowered PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Finally, The Goldman Sachs Group reduced their price target on PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.40.

PVH Stock Performance

NYSE PVH opened at $100.83 on Tuesday. The company has a market cap of $5.63 billion, a P/E ratio of 8.92, a P/E/G ratio of 0.74 and a beta of 2.12. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66. The stock has a 50-day moving average of $97.80 and a two-hundred day moving average of $108.57. PVH Corp. has a 1-year low of $69.27 and a 1-year high of $141.15.

PVH (NYSE:PVH) last released its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.72. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.07 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. PVH’s revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.98 EPS. As a group, analysts anticipate that PVH Corp. will post 11.59 EPS for the current year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.15%. The ex-dividend date of this dividend was Wednesday, September 4th. PVH’s dividend payout ratio is currently 1.33%.

PVH Company 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.