Virtu Financial LLC Acquires Shares of 12,434 PVH Corp. (NYSE:PVH)

Virtu Financial LLC bought a new position in shares of PVH Corp. (NYSE:PVH) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 12,434 shares of the textile maker’s stock, valued at approximately $1,316,000.

Several other hedge funds have also modified their holdings of PVH. Jump Financial LLC acquired a new position in PVH in the 4th quarter worth about $486,000. Quadrant Capital Group LLC raised its stake in shares of PVH by 12.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,036 shares of the textile maker’s stock worth $127,000 after buying an additional 115 shares during the period. Great Lakes Advisors LLC purchased a new position in shares of PVH during the 4th quarter valued at approximately $266,000. PNC Financial Services Group Inc. grew its stake in PVH by 1.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,840 shares of the textile maker’s stock valued at $1,202,000 after acquiring an additional 141 shares during the period. Finally, Corient Private Wealth LLC increased its holdings in PVH by 68.4% in the 4th quarter. Corient Private Wealth LLC now owns 7,765 shares of the textile maker’s stock worth $948,000 after acquiring an additional 3,154 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Price Performance

Shares of PVH stock opened at $96.25 on Thursday. The firm’s 50-day moving average is $99.09 and its two-hundred day moving average is $110.89. PVH Corp. has a 12 month low of $69.27 and a 12 month high of $141.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66. The company has a market capitalization of $5.37 billion, a PE ratio of 8.52, a price-to-earnings-growth ratio of 0.72 and a beta of 2.12.

PVH (NYSE:PVH) last released its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.72. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.07 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.98 earnings per share. Analysts predict that PVH Corp. will post 11.59 earnings per share for the current year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date is Wednesday, September 4th. PVH’s payout ratio is 1.33%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PVH. Bank of America dropped their target price on shares of PVH from $133.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. BMO Capital Markets lowered their price objective on PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a report on Wednesday, August 28th. TD Cowen cut their price objective on PVH from $149.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. StockNews.com downgraded PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Finally, Evercore ISI boosted their price target on PVH from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, PVH currently has an average rating of “Moderate Buy” and an average target price of $130.40.

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.