Qsemble Capital Management LP Acquires Shares of 12,300 PVH Corp. (NYSE:PVH)

Qsemble Capital Management LP bought a new stake in PVH Corp. (NYSE:PVH) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,300 shares of the textile maker’s stock, valued at approximately $1,240,000.

Several other institutional investors have also recently added to or reduced their stakes in PVH. Pzena Investment Management LLC lifted 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 valued at $570,295,000 after acquiring an additional 32,300 shares during the period. Dimensional Fund Advisors LP grew its position in PVH by 1.8% during the second 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 period. Massachusetts Financial Services Co. MA increased its holdings in PVH by 9.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock valued at $255,011,000 after buying an additional 208,648 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of PVH by 39.6% during the 3rd quarter. Pacer Advisors Inc. now owns 1,705,717 shares of the textile maker’s stock valued at $171,987,000 after acquiring an additional 483,510 shares during the period. Finally, LSV Asset Management boosted its stake in shares of PVH by 15.7% during the 2nd 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. Institutional investors and hedge funds own 97.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PVH. Morgan Stanley reduced their price objective on PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, September 6th. TD Cowen lowered their price objective on shares of PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. StockNews.com downgraded shares of PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Bank of America downgraded PVH from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group lowered their target price on PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.53.

PVH Stock Performance

NYSE:PVH opened at $107.60 on Wednesday. The company has a market cap of $6.01 billion, a P/E ratio of 8.54, a P/E/G ratio of 0.97 and a beta of 2.11. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32. The firm’s 50 day moving average is $98.70 and its two-hundred day moving average is $103.30. PVH Corp. has a fifty-two week low of $86.40 and a fifty-two week high of $141.15.

PVH (NYSE:PVH) last posted its 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. 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 the consensus estimate of $2.07 billion. During the same quarter in the prior year, the company earned $1.98 EPS. The company’s revenue was down 6.0% on a year-over-year basis. Analysts expect that PVH Corp. will post 11.75 EPS for the current year.

PVH Dividend Announcement

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

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.