Schonfeld Strategic Advisors LLC Buys New Holdings in PVH Corp. (NYSE:PVH)

Schonfeld Strategic Advisors LLC acquired a new position in shares of PVH Corp. (NYSE:PVH - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 65,614 shares of the textile maker's stock, valued at approximately $6,939,000. Schonfeld Strategic Advisors LLC owned 0.12% of PVH as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Barclays PLC boosted its stake in shares of PVH by 71.3% during the 3rd quarter. Barclays PLC now owns 60,495 shares of the textile maker's stock worth $6,097,000 after purchasing an additional 25,174 shares during the period. Franklin Resources Inc. boosted its position in shares of PVH by 5.9% during the third quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker's stock valued at $26,942,000 after buying an additional 15,483 shares during the period. JPMorgan Chase & Co. boosted its position in shares of PVH by 82.2% during the third quarter. JPMorgan Chase & Co. now owns 253,666 shares of the textile maker's stock valued at $25,577,000 after buying an additional 114,430 shares during the period. GAMMA Investing LLC grew its stake 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, Central Pacific Bank Trust Division raised its holdings in shares of PVH by 15.9% in the fourth quarter. Central Pacific Bank Trust Division now owns 1,750 shares of the textile maker's stock worth $185,000 after buying an additional 240 shares during the period. Institutional investors own 97.25% of the company's stock.

PVH Stock Up 1.6 %

Shares of PVH stock traded up $1.10 during trading on Wednesday, reaching $71.94. The company's stock had a trading volume of 189,167 shares, compared to its average volume of 955,617. The company has a 50-day simple moving average of $68.76 and a two-hundred day simple moving average of $87.41. PVH Corp. has a 1-year low of $59.28 and a 1-year high of $124.68. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 5.86, a P/E/G ratio of 0.77 and a beta of 1.81. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31.

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

PVH Dividend Announcement

The company also recently announced 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. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. The ex-dividend date is Wednesday, June 4th. PVH's payout ratio is 1.42%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PVH shares. JPMorgan Chase & Co. cut their price objective on PVH from $91.00 to $87.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Jefferies Financial Group cut their price target on shares of PVH from $101.00 to $80.00 and set a "hold" rating on the stock in a report on Wednesday, April 2nd. UBS Group decreased their price objective on shares of PVH from $172.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. The Goldman Sachs Group dropped their target price on shares of PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $90.00 price target on shares of PVH in a research note on Tuesday, April 1st. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $103.00.

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.