Susquehanna Fundamental Investments LLC Acquires New Shares in PVH Corp. (NYSE:PVH)

Susquehanna Fundamental Investments LLC bought a new position in shares of PVH Corp. (NYSE:PVH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 and hedge funds also recently added to or reduced their stakes in PVH. Voya Investment Management LLC increased its position in shares of PVH by 29.4% during the 4th quarter. Voya Investment Management LLC now owns 679,762 shares of the textile maker’s stock worth $71,885,000 after purchasing an additional 154,295 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of PVH by 14.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 62,274 shares of the textile maker’s stock valued at $6,587,000 after acquiring an additional 7,632 shares during the period. Pinebridge Investments L.P. lifted its holdings in shares of PVH by 0.7% in the 4th quarter. Pinebridge Investments L.P. now owns 27,508 shares of the textile maker’s stock worth $2,909,000 after acquiring an additional 202 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of PVH by 252.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,637 shares of the textile maker’s stock worth $490,000 after purchasing an additional 3,320 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in PVH by 9.0% in the 4th quarter. MetLife Investment Management LLC now owns 31,456 shares of the textile maker’s stock valued at $3,326,000 after purchasing an additional 2,593 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com lowered PVH from a “buy” rating to a “hold” rating in a research report on Friday, April 18th. JPMorgan Chase & Co. lowered their target price on PVH from $91.00 to $87.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Morgan Stanley cut 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. The Goldman Sachs Group lowered their price objective on shares of PVH from $128.00 to $109.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Finally, Citigroup reaffirmed a “neutral” rating and set a $68.00 target price (down from $83.00) on shares of PVH in a research note on Monday, April 7th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $105.40.

PVH Stock Down 2.3 %

Shares of NYSE PVH opened at $72.87 on Friday. The business has a 50-day moving average of $69.83 and a two-hundred day moving average of $88.77. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 5.93, 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.

PVH (NYSE:PVH) last posted its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.08. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.72 earnings per share. On average, analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Wednesday, March 5th. PVH’s payout ratio is currently 1.42%.

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.