Clearline Capital LP Buys 38,864 Shares of PVH Corp. (NYSE:PVH)

Clearline Capital LP raised its stake in PVH Corp. (NYSE:PVH) by 43.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 127,745 shares of the textile maker’s stock after acquiring an additional 38,864 shares during the quarter. Clearline Capital LP owned about 0.23% of PVH worth $12,881,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PVH. Scientech Research LLC increased its stake in shares of PVH by 608.6% during the second quarter. Scientech Research LLC now owns 11,344 shares of the textile maker’s stock worth $1,201,000 after purchasing an additional 9,743 shares during the period. American Century Companies Inc. grew its stake in PVH by 37.4% during the second quarter. American Century Companies Inc. now owns 80,021 shares of the textile maker’s stock worth $8,472,000 after buying an additional 21,790 shares in the last quarter. Renaissance Technologies LLC bought a new position in PVH in the second quarter valued at approximately $6,995,000. Sei Investments Co. lifted its position in shares of PVH by 30.1% during the 2nd quarter. Sei Investments Co. now owns 160,058 shares of the textile maker’s stock worth $16,946,000 after buying an additional 37,012 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of PVH by 13.3% in the third quarter. Crossmark Global Holdings Inc. now owns 42,400 shares of the textile maker’s stock worth $4,276,000 after acquiring an additional 4,991 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Stock Performance

Shares of PVH stock opened at $108.37 on Monday. The business has a 50-day simple moving average of $99.55 and a 200 day simple moving average of $103.18. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 0.97 and a beta of 2.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66. PVH Corp. has a one year low of $89.10 and a one year high of $141.15.

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 given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date is Wednesday, November 27th. PVH’s payout ratio is currently 1.19%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. The Goldman Sachs Group dropped their price target on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Morgan Stanley reduced their target price on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Friday, September 6th. Guggenheim cut their price target on shares of PVH from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Wells Fargo & Company decreased their price objective on PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, August 28th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $130.00 price target on shares of PVH in a research report on Wednesday, November 27th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, PVH currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.53.

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.