 Moody Aldrich Partners LLC bought a new stake in  PVH Corp. (NYSE:PVH – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor  bought 29,000 shares of the textile maker’s stock, valued at approximately $1,989,000. Moody Aldrich Partners LLC owned about 0.06% of PVH as of its most recent filing with the Securities & Exchange Commission.
Moody Aldrich Partners LLC bought a new stake in  PVH Corp. (NYSE:PVH – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor  bought 29,000 shares of the textile maker’s stock, valued at approximately $1,989,000. Moody Aldrich Partners LLC owned about 0.06% of PVH as of its most recent filing with the Securities & Exchange Commission. 
Several other hedge funds and other institutional investors have also made changes to their positions in PVH. Cetera Investment Advisers grew its stake in PVH by 63.5% in the 1st quarter. Cetera Investment Advisers now owns 6,468 shares of the textile maker’s stock valued at $418,000 after acquiring an additional 2,511 shares during the last quarter. Alberta Investment Management Corp lifted its holdings in shares of PVH by 41.5% in the first quarter. Alberta Investment Management Corp now owns 34,393 shares of the textile maker’s stock valued at $2,223,000 after purchasing an additional 10,093 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of PVH in the first quarter valued at approximately $6,346,000. Y Intercept Hong Kong Ltd purchased a new position in shares of PVH during the 1st quarter worth approximately $1,909,000. Finally, Pzena Investment Management LLC increased its stake in shares of PVH by 15.1% during the 1st quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker’s stock worth $398,284,000 after purchasing an additional 807,301 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.
PVH Stock Performance
Shares of NYSE:PVH opened at $78.35 on Friday. The business has a 50-day moving average of $83.76 and a two-hundred day moving average of $77.09. The firm has a market capitalization of $3.77 billion, a PE ratio of 8.78, a P/E/G ratio of 2.54 and a beta of 1.89. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.37 and a quick ratio of 0.63. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $113.47.
PVH Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 26th will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, November 26th. PVH’s dividend payout ratio (DPR) is currently 1.68%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Bank of America increased their target price on PVH from $76.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday, August 27th. Wells Fargo & Company upped their target price on shares of PVH from $80.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, August 28th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $90.00 price target on shares of PVH in a research note on Wednesday, August 27th. Weiss Ratings reissued a “hold (c)” rating on shares of PVH in a research report on Wednesday, October 8th. Finally, Barclays upped their price objective on shares of PVH from $83.00 to $101.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, PVH has a consensus rating of “Moderate Buy” and an average price target of $95.13.
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.
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