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

MQS Management LLC grew its position in PVH Corp. (NYSE:PVH) by 71.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund 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 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PVH. New Covenant Trust Company N.A. purchased a new stake in PVH during the 1st quarter valued at $26,000. Altshuler Shaham Ltd bought a new stake in PVH in the 2nd quarter worth about $25,000. Headlands Technologies LLC purchased a new position in PVH in the 1st quarter worth about $36,000. Venturi Wealth Management LLC lifted its stake in PVH by 63.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 106 shares during the period. Finally, ORG Partners LLC purchased a new stake in shares of PVH during the 2nd quarter valued at about $42,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Analyst Upgrades and Downgrades

PVH has been the subject of several research reports. Morgan Stanley decreased their price objective on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, September 6th. StockNews.com cut PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Bank of America downgraded PVH from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $130.00 to $107.00 in a research note on Wednesday, October 2nd. Barclays reduced their price objective on PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Finally, Telsey Advisory Group dropped their target price on PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $126.53.

PVH Trading Up 1.2 %

Shares of PVH stock opened at $103.83 on Friday. PVH Corp. has a fifty-two week low of $81.78 and a fifty-two week high of $141.15. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. The company has a market capitalization 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 fifty day moving average of $97.73 and a 200 day moving average of $103.98.

PVH (NYSE:PVH) last released its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.72. PVH had a return on equity of 13.94% and a net margin of 8.37%. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter last year, the business posted $1.98 earnings per share. The firm’s revenue was down 6.0% on a year-over-year basis. On average, sell-side analysts anticipate that PVH Corp. will post 11.66 earnings per share for the current fiscal year.

PVH Announces Dividend

The business 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 is Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. PVH’s dividend payout ratio is 1.19%.

About PVH

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.