Invenomic Capital Management LP Has $41.34 Million Position in PVH Corp. $PVH

Invenomic Capital Management LP raised its position in PVH Corp. (NYSE:PVH) by 19.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 493,435 shares of the textile maker’s stock after buying an additional 78,983 shares during the quarter. PVH comprises about 2.0% of Invenomic Capital Management LP’s portfolio, making the stock its 8th largest position. Invenomic Capital Management LP owned about 1.03% of PVH worth $41,335,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. bought a new stake in PVH during the third quarter worth $74,338,000. LSV Asset Management increased its stake in shares of PVH by 47.8% in the 3rd quarter. LSV Asset Management now owns 1,963,303 shares of the textile maker’s stock valued at $164,466,000 after purchasing an additional 634,887 shares during the last quarter. Barclays PLC raised its holdings in shares of PVH by 68.4% during the 3rd quarter. Barclays PLC now owns 1,197,009 shares of the textile maker’s stock worth $100,273,000 after buying an additional 486,210 shares in the last quarter. American Century Companies Inc. lifted its position in shares of PVH by 31.8% during the 2nd quarter. American Century Companies Inc. now owns 1,059,155 shares of the textile maker’s stock worth $72,658,000 after buying an additional 255,755 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of PVH by 79.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker’s stock worth $35,778,000 after buying an additional 245,740 shares during the last quarter. Institutional investors own 97.25% of the company’s stock.

PVH Stock Down 0.7%

Shares of NYSE:PVH opened at $60.78 on Monday. The business has a fifty day simple moving average of $65.72 and a 200 day simple moving average of $74.76. PVH Corp. has a 12-month low of $59.28 and a 12-month high of $89.79. The firm has a market cap of $2.78 billion, a P/E ratio of 9.11, a P/E/G ratio of 2.03 and a beta of 1.67. The company has a quick ratio of 0.72, a current ratio of 1.47 and a debt-to-equity ratio of 0.46.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be issued a $0.0375 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $0.15 annualized dividend and a yield of 0.2%. PVH’s payout ratio is presently 2.25%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PVH. Wall Street Zen cut PVH from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Weiss Ratings restated a “hold (c)” rating on shares of PVH in a research report on Thursday, January 22nd. Guggenheim initiated coverage on PVH in a research note on Tuesday, December 9th. They issued a “neutral” rating for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of PVH in a report on Thursday, December 4th. Finally, Jefferies Financial Group dropped their target price on PVH from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $89.73.

PVH Company Profile

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.