Landscape Capital Management L.L.C. Makes New Investment in PVH Corp. (NYSE:PVH)

Landscape Capital Management L.L.C. purchased a new stake in PVH Corp. (NYSE:PVH) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,551 shares of the textile maker’s stock, valued at approximately $358,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pzena Investment Management LLC grew its holdings in PVH by 0.6% in the third quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker’s stock worth $570,295,000 after purchasing an additional 32,300 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in 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 buying an additional 55,293 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in PVH by 14.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock valued at $245,668,000 after buying an additional 296,040 shares in the last quarter. Pacer Advisors Inc. raised its stake in PVH by 13,275.0% in the second quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock valued at $129,395,000 after buying an additional 1,213,069 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in PVH by 15.7% in the second quarter. LSV Asset Management now owns 916,002 shares of the textile maker’s stock worth $96,977,000 after acquiring an additional 124,309 shares in the last quarter. 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 recent analyst reports. Wells Fargo & Company cut their price objective on shares of PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, August 28th. StockNews.com cut shares of PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. TD Cowen dropped their price objective on shares of PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Barclays reduced their target price on PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Finally, The Goldman Sachs Group dropped their price target on PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $126.53.

PVH Trading Up 4.4 %

PVH stock opened at $103.87 on Monday. The firm has a market cap of $5.80 billion, a PE ratio of 8.24, a P/E/G ratio of 0.90 and a beta of 2.11. PVH Corp. has a 12 month low of $85.49 and a 12 month high of $141.15. The stock’s 50 day simple moving average is $98.46 and its two-hundred day simple moving average is $103.36. 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) last announced its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.72. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.98 earnings per share. Analysts anticipate that PVH Corp. will post 11.66 earnings per share for the current year.

PVH Dividend Announcement

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

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.