Schonfeld Strategic Advisors LLC Purchases New Shares in PVH Corp. (NYSE:PVH)

Schonfeld Strategic Advisors LLC purchased a new stake in shares of PVH Corp. (NYSE:PVH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 65,614 shares of the textile maker's stock, valued at approximately $6,939,000. Schonfeld Strategic Advisors LLC owned 0.12% of PVH at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PVH. FMR LLC lifted its position in PVH by 0.4% during the fourth quarter. FMR LLC now owns 6,826,021 shares of the textile maker's stock valued at $721,852,000 after buying an additional 29,578 shares during the period. Pacer Advisors Inc. grew its holdings in PVH by 2.2% in the fourth quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker's stock worth $184,263,000 after purchasing an additional 36,719 shares during the period. LSV Asset Management lifted its holdings in shares of PVH by 1.3% during the fourth quarter. LSV Asset Management now owns 1,199,238 shares of the textile maker's stock valued at $126,819,000 after purchasing an additional 15,900 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of PVH by 22.9% in the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock worth $81,852,000 after purchasing an additional 144,260 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake 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 valued at $79,705,000 after buying an additional 759,656 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company's stock.

Wall Street Analyst Weigh In

PVH has been the topic of a number of analyst reports. Morgan Stanley dropped their price target on shares of PVH from $95.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Barclays reduced their price target on shares of PVH from $103.00 to $87.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Telsey Advisory Group reiterated an "outperform" rating and set a $90.00 target price on shares of PVH in a research note on Tuesday, April 1st. Wells Fargo & Company lowered their price target on PVH from $95.00 to $85.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Finally, UBS Group decreased 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. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $103.00.

PVH Stock Performance

Shares of NYSE:PVH traded down $0.60 during midday trading on Tuesday, hitting $70.99. The company had a trading volume of 476,014 shares, compared to its average volume of 956,655. The company has a fifty day moving average of $68.83 and a two-hundred day moving average of $87.52. PVH Corp. has a 12-month low of $59.28 and a 12-month high of $124.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 5.78, a PEG ratio of 0.77 and a beta of 1.81.

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

PVH Dividend Announcement

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