AQR Capital Management LLC Increases Stock Position in PVH Corp. (NYSE:PVH)

AQR Capital Management LLC raised its holdings in PVH Corp. (NYSE:PVH - Free Report) by 128.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 566,513 shares of the textile maker's stock after buying an additional 318,731 shares during the period. AQR Capital Management LLC owned about 1.02% of PVH worth $59,909,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. UMB Bank n.a. lifted its position in PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock valued at $30,000 after acquiring an additional 124 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of PVH in the fourth quarter worth approximately $41,000. Allworth Financial LP bought a new position in shares of PVH in the fourth quarter valued at approximately $50,000. GAMMA Investing LLC boosted its position in shares of PVH by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock valued at $52,000 after buying an additional 129 shares during the last quarter. Finally, Hoey Investments Inc. bought a new stake in PVH during the fourth quarter worth $55,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PVH shares. Wells Fargo & Company cut their price objective on shares of PVH from $95.00 to $85.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Jefferies Financial Group reduced their price objective on shares of PVH from $101.00 to $80.00 and set a "hold" rating for the company in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. dropped their target price on shares of PVH from $91.00 to $87.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $90.00 target price on shares of PVH in a report on Tuesday, April 1st. Finally, StockNews.com downgraded PVH from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, PVH has an average rating of "Moderate Buy" and a consensus target price of $103.00.

PVH Price Performance

PVH traded up $1.36 during trading on Monday, reaching $71.60. 1,103,565 shares of the company were exchanged, compared to its average volume of 958,066. 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 company has a market cap of $3.77 billion, a price-to-earnings ratio of 5.83, a P/E/G ratio of 0.77 and a beta of 1.81. PVH Corp. has a 12-month low of $59.28 and a 12-month high of $124.68. The company's 50-day moving average is $68.97 and its two-hundred day moving average is $87.73.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.19 by $0.08. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company's revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.72 earnings per share. Research analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be given a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.21%. PVH's dividend payout ratio (DPR) is presently 1.42%.

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.