MQS Management LLC Purchases 1,561 Shares of PVH Corp. (NYSE:PVH)

MQS Management LLC increased its holdings in PVH Corp. (NYSE:PVH) by 71.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,742 shares of the textile maker’s stock after buying an additional 1,561 shares during the period. MQS Management LLC’s holdings in PVH were worth $377,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Pzena Investment Management LLC increased its stake in PVH by 5.3% during the second quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock worth $595,382,000 after acquiring an additional 284,269 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of PVH by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock worth $333,375,000 after purchasing an additional 55,293 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of PVH by 14.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock valued at $245,668,000 after purchasing an additional 296,040 shares during the last quarter. Pacer Advisors Inc. raised its holdings in PVH by 13,275.0% during the 2nd quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock valued at $129,395,000 after buying an additional 1,213,069 shares during the period. Finally, LSV Asset Management lifted its position in PVH by 15.7% in the second quarter. LSV Asset Management now owns 916,002 shares of the textile maker’s stock worth $96,977,000 after buying an additional 124,309 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Analyst Ratings Changes

PVH has been the topic of a number of analyst reports. Wells Fargo & Company cut their price objective on shares of PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 28th. Guggenheim decreased their price objective on shares of PVH from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, October 28th. The Goldman Sachs Group reduced their price target on PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. TD Cowen reduced their price target 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. Finally, Telsey Advisory Group decreased their target price on PVH from $140.00 to $130.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $126.53.

PVH Trading Up 1.2 %

NYSE PVH opened at $103.83 on Friday. The stock has a market cap of $5.79 billion, a P/E ratio of 8.24, a P/E/G ratio of 0.93 and a beta of 2.11. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. PVH Corp. has a 12-month low of $81.78 and a 12-month high of $141.15. The company has a fifty day simple moving average of $97.73 and a two-hundred day simple moving average of $103.98.

PVH (NYSE:PVH) last issued its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.72. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. The firm’s revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.98 EPS. On average, analysts forecast that PVH Corp. will post 11.66 earnings per share 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 given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. PVH’s dividend payout ratio is presently 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.