Balyasny Asset Management L.P. Invests $53.37 Million in PVH Corp. (NYSE:PVH)

Balyasny Asset Management L.P. acquired a new position in shares of PVH Corp. (NYSE:PVH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 504,713 shares of the textile maker's stock, valued at approximately $53,373,000. Balyasny Asset Management L.P. owned 0.91% of PVH as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its holdings in PVH by 179,164.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock worth $79,705,000 after purchasing an additional 759,656 shares in the last quarter. Schroder Investment Management Group acquired a new stake in PVH during the fourth quarter valued at $38,035,000. AQR Capital Management LLC increased its stake in shares of PVH by 128.6% during the 4th quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker's stock worth $59,909,000 after purchasing an additional 318,731 shares during the last quarter. Channing Capital Management LLC lifted its holdings in PVH by 87.0% in the 4th quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker's stock worth $72,015,000 after purchasing an additional 316,876 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in PVH by 203.5% during the fourth quarter. American Century Companies Inc. now owns 454,808 shares of the textile maker's stock valued at $48,096,000 after purchasing an additional 304,973 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Trading Down 1.5 %

PVH stock traded down $1.15 during trading hours on Friday, hitting $74.41. The stock had a trading volume of 637,344 shares, compared to its average volume of 964,185. PVH Corp. has a one year low of $59.28 and a one year high of $124.68. 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 stock has a market cap of $3.92 billion, a price-to-earnings ratio of 6.06, a P/E/G ratio of 0.77 and a beta of 1.81. The business's 50 day simple moving average is $68.86 and its 200-day simple moving average is $86.95.

PVH (NYSE:PVH - Get Free Report) last released its 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 net margin of 8.13% and a return on equity of 13.66%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the firm posted $3.72 EPS. The company's revenue for the quarter was down 4.8% compared to the same quarter last year. On average, equities analysts predict that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Wednesday, June 4th. PVH's dividend payout ratio is presently 1.42%.

Analysts Set New Price Targets

A number of research firms have issued reports on PVH. Wells Fargo & Company lowered their target price on PVH from $95.00 to $85.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Telsey Advisory Group reiterated an "outperform" rating and issued a $90.00 price objective on shares of PVH in a research report on Tuesday, April 1st. StockNews.com cut PVH from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. UBS Group reduced their target price on PVH from $172.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Finally, Evercore ISI dropped their price objective on shares of PVH from $139.00 to $105.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $103.00.

PVH Company 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.