Integrated Quantitative Investments LLC Makes New Investment in PVH Corp. (NYSE:PVH)

Integrated Quantitative Investments LLC purchased a new stake in shares of PVH Corp. (NYSE:PVH) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,350 shares of the textile maker’s stock, valued at approximately $354,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PVH. Charles Schwab Investment Management Inc. boosted its stake in PVH by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker’s stock valued at $66,375,000 after purchasing an additional 4,645 shares during the last quarter. Bank of New York Mellon Corp raised its position in PVH by 22.9% in the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock worth $81,852,000 after buying an additional 144,260 shares during the last quarter. Clark Estates Inc. NY bought a new position in PVH during the 4th quarter valued at about $2,855,000. Citizens Financial Group Inc. RI bought a new stake in shares of PVH in the fourth quarter worth approximately $466,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of PVH by 179,164.2% during the fourth 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 last quarter. Institutional investors own 97.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PVH shares. The Goldman Sachs Group dropped their target price on shares of PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Guggenheim lifted their price objective on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 6th. JPMorgan Chase & Co. downgraded PVH from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $149.00 to $113.00 in a report on Friday, January 24th. Barclays lifted their price objective on PVH from $98.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, UBS Group dropped their price target on shares of PVH from $172.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.40.

PVH Stock Performance

Shares of NYSE:PVH opened at $67.61 on Friday. The firm has a fifty day simple moving average of $74.52 and a two-hundred day simple moving average of $92.10. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $3.76 billion, a P/E ratio of 5.51, a PEG ratio of 0.77 and a beta of 1.89. PVH Corp. has a 52 week low of $61.59 and a 52 week high of $124.68.

PVH (NYSE:PVH) last issued its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.08. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.72 earnings per share. On average, analysts expect that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH’s payout ratio is 1.42%.

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.