Two Sigma Advisers LP Has $3.08 Million Stock Position in PVH Corp. (NYSE:PVH)

Two Sigma Advisers LP trimmed its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 15.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,100 shares of the textile maker's stock after selling 5,396 shares during the period. Two Sigma Advisers LP owned about 0.05% of PVH worth $3,077,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. UMB Bank n.a. lifted its position in PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock worth $30,000 after buying an additional 124 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of PVH by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker's stock valued at $2,579,000 after acquiring an additional 150 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of PVH by 0.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker's stock valued at $3,248,000 after acquiring an additional 152 shares during the last quarter. Assetmark Inc. increased its position in shares of PVH by 11.8% in the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker's stock valued at $153,000 after acquiring an additional 153 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of PVH by 11.0% in the fourth quarter. Signaturefd LLC now owns 1,569 shares of the textile maker's stock valued at $166,000 after acquiring an additional 156 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PVH shares. Evercore ISI lowered their target price on PVH from $139.00 to $105.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. The Goldman Sachs Group lowered their target price on PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. JPMorgan Chase & Co. lifted their target price on PVH from $87.00 to $99.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Wall Street Zen upgraded shares of PVH from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Finally, Citigroup restated a "neutral" rating and set a $68.00 price objective (down from $83.00) on shares of PVH in a research note on Monday, April 7th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, PVH currently has a consensus rating of "Moderate Buy" and an average target price of $105.80.

PVH Stock Performance

Shares of PVH stock traded down $1.69 during midday trading on Thursday, hitting $84.92. 1,033,711 shares of the company were exchanged, compared to its average volume of 1,002,629. The firm has a market capitalization of $4.08 billion, a P/E ratio of 6.92, a PEG ratio of 0.77 and a beta of 1.81. 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 firm's 50 day moving average price is $73.25 and its two-hundred day moving average price is $85.69. PVH Corp. has a 52 week low of $59.28 and a 52 week high of $124.68.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.19 by $0.08. The firm had revenue of $2.37 billion during 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 business's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.72 EPS. As a group, equities research analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date is Wednesday, June 4th. PVH's dividend payout ratio (DPR) is presently 1.42%.

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.