Quadrature Capital Ltd Has $907,000 Holdings in PVH Corp. (NYSE:PVH)

Quadrature Capital Ltd grew its stake in PVH Corp. (NYSE:PVH) by 35.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,421 shares of the textile maker’s stock after purchasing an additional 1,931 shares during the period. Quadrature Capital Ltd’s holdings in PVH were worth $907,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in PVH by 2,600.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock worth $33,000 after buying an additional 260 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of PVH during the 4th quarter worth approximately $38,000. Lindbrook Capital LLC increased its position in shares of PVH by 26.8% during the fourth quarter. Lindbrook Capital LLC now owns 521 shares of the textile maker’s stock valued at $64,000 after purchasing an additional 110 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in shares of PVH by 15.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 810 shares of the textile maker’s stock valued at $99,000 after purchasing an additional 110 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in PVH by 12.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,036 shares of the textile maker’s stock worth $127,000 after purchasing an additional 115 shares during the period. Institutional investors own 97.25% of the company’s stock.

PVH Stock Performance

Shares of PVH stock opened at $111.88 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.55 and a quick ratio of 0.83. The firm has a 50 day simple moving average of $113.65 and a 200 day simple moving average of $120.38. PVH Corp. has a fifty-two week low of $69.27 and a fifty-two week high of $141.15. The firm has a market cap of $6.25 billion, a P/E ratio of 10.03, a P/E/G ratio of 0.88 and a beta of 2.15.

PVH (NYSE:PVH) last released its earnings results on Tuesday, June 4th. The textile maker reported $2.45 EPS for the quarter, beating the consensus estimate of $2.14 by $0.31. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. PVH had a return on equity of 13.14% and a net margin of 7.53%. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period last year, the firm earned $2.14 EPS. Sell-side analysts predict that PVH Corp. will post 11.26 earnings per share for the current fiscal year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. The ex-dividend date of this dividend is Wednesday, June 5th. PVH’s dividend payout ratio is 1.33%.

PVH announced that its Board of Directors has approved a share repurchase plan on Monday, April 1st that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the textile maker to purchase up to 24% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PVH shares. UBS Group increased their price objective on shares of PVH from $158.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. increased their price target on shares of PVH from $146.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Jefferies Financial Group started coverage on PVH in a research note on Tuesday, April 30th. They issued a “hold” rating and a $115.00 price objective on the stock. Wells Fargo & Company raised their target price on PVH from $138.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. Finally, Guggenheim upped their price target on PVH from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, PVH presently has an average rating of “Moderate Buy” and an average price target of $133.81.

Insider Buying and Selling

In other PVH news, EVP James Holmes sold 3,000 shares of PVH stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $108.39, for a total transaction of $325,170.00. Following the completion of the sale, the executive vice president now owns 13,904 shares of the company’s stock, valued at approximately $1,507,054.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

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.