Integrated Quantitative Investments LLC Buys Shares of 3,350 PVH Corp. (NYSE:PVH)

Integrated Quantitative Investments LLC bought a new stake in shares of PVH Corp. (NYSE:PVH) during the fourth quarter, HoldingsChannel.com reports. The fund bought 3,350 shares of the textile maker’s stock, valued at approximately $354,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Landscape Capital Management L.L.C. increased its stake in PVH by 163.6% in the fourth quarter. Landscape Capital Management L.L.C. now owns 9,360 shares of the textile maker’s stock worth $990,000 after purchasing an additional 5,809 shares during the period. Franklin Resources Inc. grew its holdings in shares of PVH by 54.9% in the fourth quarter. Franklin Resources Inc. now owns 428,102 shares of the textile maker’s stock worth $45,272,000 after purchasing an additional 151,687 shares during the last quarter. Hoey Investments Inc. purchased a new position in PVH in the 4th quarter worth about $55,000. Meeder Asset Management Inc. lifted its holdings in PVH by 322.6% during the 4th quarter. Meeder Asset Management Inc. now owns 4,509 shares of the textile maker’s stock valued at $477,000 after buying an additional 3,442 shares in the last quarter. Finally, AIA Group Ltd purchased a new stake in PVH in the 4th quarter valued at about $393,000. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Price Performance

NYSE PVH opened at $67.61 on Friday. PVH Corp. has a 12-month low of $61.59 and a 12-month high of $124.68. The firm’s fifty day simple moving average is $74.52 and its two-hundred day simple moving average is $92.10. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $3.76 billion, a P/E ratio of 5.51, a P/E/G ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH) last announced its earnings results 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. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm had revenue of $2.37 billion for 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 firm’s revenue for the quarter was down 4.8% on a year-over-year basis. Analysts forecast that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date was Wednesday, March 5th. PVH’s dividend payout ratio (DPR) is presently 1.42%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Guggenheim lifted their price target on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 6th. The Goldman Sachs Group decreased their target price on PVH from $128.00 to $109.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. StockNews.com raised PVH from a “hold” rating to a “buy” rating in a research report on Thursday. Citigroup decreased their price objective on PVH from $123.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. cut shares of PVH from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $149.00 to $113.00 in a report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $107.40.

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.