Susquehanna Fundamental Investments LLC Purchases New Position in PVH Corp. (NYSE:PVH)

Susquehanna Fundamental Investments LLC bought a new stake in shares of PVH Corp. (NYSE:PVH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 94,461 shares of the textile maker's stock, valued at approximately $9,989,000. Susquehanna Fundamental Investments LLC owned about 0.17% of PVH as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. FMR LLC increased its stake in PVH by 0.4% during the 4th quarter. FMR LLC now owns 6,826,021 shares of the textile maker's stock valued at $721,852,000 after purchasing an additional 29,578 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of PVH by 2.2% during 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 boosted its position in PVH by 1.3% in the fourth quarter. LSV Asset Management now owns 1,199,238 shares of the textile maker's stock valued at $126,819,000 after buying an additional 15,900 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in 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 buying an additional 144,260 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock worth $79,705,000 after buying an additional 759,656 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PVH shares. Jefferies Financial Group cut their price objective on shares of PVH from $101.00 to $80.00 and set a "hold" rating on the stock in a research note on Wednesday, April 2nd. 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 report on Wednesday, April 2nd. UBS Group cut their price target 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. Barclays dropped their price target on PVH from $103.00 to $87.00 and set an "overweight" rating for the company in a research report on Monday. Finally, BMO Capital Markets dropped their target price on shares of PVH from $106.00 to $93.00 and set a "market perform" rating for the company in a report on Tuesday, April 1st. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, PVH presently has a consensus rating of "Moderate Buy" and an average price target of $103.00.

PVH Stock Down 0.3 %

Shares of NYSE PVH traded down $0.22 during midday trading on Thursday, hitting $68.76. The company's stock had a trading volume of 773,279 shares, compared to its average volume of 1,327,842. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 5.60, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89. PVH Corp. has a 1 year low of $59.28 and a 1 year 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 business's fifty day simple moving average is $69.29 and its two-hundred day simple moving average is $88.28.

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, beating the consensus estimate of $3.19 by $0.08. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.34 billion. During the same quarter last year, the business posted $3.72 EPS. The business's quarterly revenue 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 year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. PVH's dividend payout ratio (DPR) is currently 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.