PVH Corp. (NYSE:PVH) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP raised its holdings in PVH Corp. (NYSE:PVH) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,300 shares of the textile maker’s stock after purchasing an additional 1,200 shares during the period. Two Sigma Investments LP’s holdings in PVH were worth $2,147,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Tidal Investments LLC lifted its holdings in shares of PVH by 25.5% in the fourth quarter. Tidal Investments LLC now owns 7,885 shares of the textile maker’s stock valued at $834,000 after purchasing an additional 1,600 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of PVH by 7.2% in the fourth quarter. ProShare Advisors LLC now owns 2,611 shares of the textile maker’s stock valued at $276,000 after purchasing an additional 176 shares in the last quarter. Man Group plc purchased a new stake in shares of PVH in the fourth quarter valued at about $4,240,000. Nomura Holdings Inc. purchased a new stake in shares of PVH in the fourth quarter valued at about $783,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of PVH by 26.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,691 shares of the textile maker’s stock valued at $2,082,000 after buying an additional 4,135 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Stock Down 1.2%

PVH opened at $83.80 on Monday. PVH Corp. has a 1 year low of $59.28 and a 1 year high of $124.68. The firm has a 50 day moving average price of $73.90 and a 200 day moving average price of $85.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The company has a market cap of $4.02 billion, a PE ratio of 6.82, a price-to-earnings-growth ratio of 0.77 and a beta of 1.81.

PVH (NYSE:PVH) last released its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.08. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the business earned $3.72 earnings per share. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. Sell-side analysts expect that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend is Wednesday, June 4th. PVH’s dividend payout ratio is presently 1.42%.

Wall Street Analyst Weigh In

PVH has been the subject of several analyst reports. Morgan Stanley cut their price target on PVH from $95.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, April 2nd. JPMorgan Chase & Co. lifted their price objective on PVH from $87.00 to $99.00 and gave the company a “neutral” rating in a research report on Monday, May 19th. Jefferies Financial Group upgraded PVH from a “hold” rating to a “buy” rating and increased their target price for the stock from $70.00 to $105.00 in a research report on Wednesday, May 14th. Wall Street Zen raised PVH from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Barclays dropped their price objective on shares of PVH from $103.00 to $87.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $106.38.

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.