B & T Capital Management DBA Alpha Capital Management Grows Stake in PVH Corp (PVH)

B & T Capital Management DBA Alpha Capital Management lifted its stake in shares of PVH Corp (NYSE:PVH) by 5.2% in the third quarter, HoldingsChannel reports. The firm owned 9,607 shares of the textile maker’s stock after buying an additional 476 shares during the period. B & T Capital Management DBA Alpha Capital Management’s holdings in PVH were worth $1,387,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Martingale Asset Management L P increased its stake in shares of PVH by 225.2% during the second quarter. Martingale Asset Management L P now owns 8,811 shares of the textile maker’s stock worth $1,320,000 after purchasing an additional 6,102 shares in the last quarter. Millennium Management LLC increased its stake in shares of PVH by 118.4% during the second quarter. Millennium Management LLC now owns 936,344 shares of the textile maker’s stock worth $140,189,000 after purchasing an additional 507,641 shares in the last quarter. California Public Employees Retirement System boosted its position in PVH by 4.1% during the second quarter. California Public Employees Retirement System now owns 195,194 shares of the textile maker’s stock worth $29,224,000 after acquiring an additional 7,714 shares during the last quarter. Globeflex Capital L P boosted its position in PVH by 28.7% during the second quarter. Globeflex Capital L P now owns 6,663 shares of the textile maker’s stock worth $998,000 after acquiring an additional 1,484 shares during the last quarter. Finally, Exane Asset Management acquired a new position in PVH during the second quarter worth about $224,000. 94.73% of the stock is owned by institutional investors and hedge funds.

NYSE:PVH opened at $115.65 on Monday. The company has a current ratio of 1.72, a quick ratio of 0.78 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $8.87 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 0.99 and a beta of 0.92. PVH Corp has a 1-year low of $114.13 and a 1-year high of $169.22.

PVH (NYSE:PVH) last posted its earnings results on Wednesday, August 29th. The textile maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.09. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.29 billion. PVH had a net margin of 7.28% and a return on equity of 13.07%. PVH’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.69 EPS. Equities analysts expect that PVH Corp will post 9.27 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Wednesday, November 28th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $0.15 annualized dividend and a yield of 0.13%. PVH’s payout ratio is 1.89%.

A number of equities analysts recently weighed in on PVH shares. Zacks Investment Research restated a “hold” rating on shares of PVH in a research report on Wednesday, November 14th. ValuEngine lowered shares of PVH from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. Barclays set a $178.00 price target on shares of PVH and gave the stock a “buy” rating in a research report on Thursday, October 18th. Telsey Advisory Group restated an “outperform” rating on shares of PVH in a research report on Thursday, August 30th. Finally, Deutsche Bank boosted their price target on shares of PVH from $171.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $169.30.

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About PVH

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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