QRG Capital Management Inc. Grows Stake in PVH Corp. (NYSE:PVH)

QRG Capital Management Inc. increased its position in PVH Corp. (NYSE:PVH) by 102.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,942 shares of the textile maker’s stock after acquiring an additional 4,020 shares during the period. QRG Capital Management Inc.’s holdings in PVH were worth $840,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PVH. Allspring Global Investments Holdings LLC grew its stake in shares of PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock valued at $79,705,000 after purchasing an additional 759,656 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of PVH by 39.6% in the third quarter. Pacer Advisors Inc. now owns 1,705,717 shares of the textile maker’s stock worth $171,987,000 after buying an additional 483,510 shares during the last quarter. Swedbank AB grew its position in PVH by 153.2% during the fourth quarter. Swedbank AB now owns 440,483 shares of the textile maker’s stock valued at $46,581,000 after buying an additional 266,509 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in PVH by 9.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock valued at $255,011,000 after buying an additional 208,648 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in PVH by 22.9% in the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock worth $81,852,000 after acquiring an additional 144,260 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Price Performance

Shares of NYSE:PVH opened at $71.18 on Tuesday. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 5.80, a P/E/G ratio of 0.77 and a beta of 2.06. The firm has a fifty day moving average price of $90.59 and a 200 day moving average price of $97.15. PVH Corp. has a fifty-two week low of $70.92 and a fifty-two week high of $141.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating the consensus estimate of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the firm earned $2.90 EPS. The business’s revenue was down 4.6% on a year-over-year basis. As a group, sell-side analysts expect that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.21%. PVH’s dividend payout ratio is currently 1.22%.

Analyst Ratings Changes

PVH has been the subject of a number of recent research reports. StockNews.com downgraded shares of PVH from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Guggenheim boosted their price target on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 6th. Morgan Stanley decreased their price objective on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Jefferies Financial Group cut their price objective on PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. Finally, Barclays decreased their target price on shares of PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $119.07.

Insider Activity at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the transaction, the executive vice president now owns 23,103 shares in the company, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by insiders.

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.