Arrowstreet Capital Limited Partnership Lowers Holdings in PVH Corp. (NYSE:PVH)

Arrowstreet Capital Limited Partnership reduced its stake in shares of PVH Corp. (NYSE:PVH) by 21.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 671,390 shares of the textile maker’s stock after selling 179,262 shares during the period. Arrowstreet Capital Limited Partnership owned 1.21% of PVH worth $70,999,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Bank of Montreal Can boosted its holdings in shares of PVH by 775.4% in the 3rd quarter. Bank of Montreal Can now owns 88,678 shares of the textile maker’s stock valued at $8,906,000 after purchasing an additional 78,548 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in PVH by 8.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,193 shares of the textile maker’s stock valued at $2,439,000 after acquiring an additional 1,947 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in PVH by 19.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 320,700 shares of the textile maker’s stock valued at $32,336,000 after acquiring an additional 52,735 shares during the period. Verition Fund Management LLC increased its stake in PVH by 255.1% during the third quarter. Verition Fund Management LLC now owns 44,958 shares of the textile maker’s stock worth $4,533,000 after acquiring an additional 32,298 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new position in shares of PVH in the 3rd quarter worth about $2,991,000. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Stock Up 0.0 %

NYSE:PVH opened at $64.70 on Tuesday. 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 capitalization of $3.60 billion, a price-to-earnings ratio of 5.27, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10. PVH Corp. has a one year low of $62.91 and a one year high of $141.15. The stock has a 50-day simple moving average of $76.36 and a 200 day simple moving average of $92.72.

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

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date was Wednesday, March 5th. PVH’s dividend payout ratio is presently 1.22%.

Wall Street Analyst Weigh In

PVH has been the subject of a number of research analyst reports. Citigroup dropped their target price on shares of PVH from $123.00 to $72.00 and set a “neutral” rating for the company in a research report on Tuesday, March 25th. The Goldman Sachs Group cut their target price on shares of PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Telsey Advisory Group decreased their price target on shares of PVH from $130.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, March 25th. StockNews.com lowered PVH from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Guggenheim upped their target price on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $112.27.

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.