Intech Investment Management LLC Makes New Investment in PVH Corp. (NYSE:PVH)

Intech Investment Management LLC purchased a new position in shares of PVH Corp. (NYSE:PVH) during the second quarter, HoldingsChannel.com reports. The fund purchased 2,678 shares of the textile maker’s stock, valued at approximately $284,000.

A number of other large investors also recently bought and sold shares of the stock. Principal Financial Group Inc. raised its stake in shares of PVH by 234.1% in the 1st quarter. Principal Financial Group Inc. now owns 741,151 shares of the textile maker’s stock valued at $104,213,000 after acquiring an additional 519,316 shares during the period. Balyasny Asset Management L.P. raised its stake in shares of PVH by 711.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 341,506 shares of the textile maker’s stock valued at $41,705,000 after acquiring an additional 299,418 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of PVH by 14.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock valued at $245,668,000 after acquiring an additional 296,040 shares during the period. Pzena Investment Management LLC raised its stake in shares of PVH by 5.3% in the 2nd quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock valued at $595,382,000 after acquiring an additional 284,269 shares during the period. Finally, WINTON GROUP Ltd purchased a new position in shares of PVH in the 2nd quarter valued at $15,589,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Price Performance

Shares of PVH stock opened at $100.43 on Friday. The firm has a market cap of $5.60 billion, a P/E ratio of 8.89, a P/E/G ratio of 0.74 and a beta of 2.12. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66. PVH Corp. has a 1-year low of $69.27 and a 1-year high of $141.15. The firm has a fifty day moving average of $97.83 and a two-hundred day moving average of $108.95.

PVH (NYSE:PVH) last announced its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.72. PVH had a net margin of 8.37% and a return on equity of 13.94%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the business earned $1.98 EPS. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, research analysts anticipate that PVH Corp. will post 11.59 earnings per share for the current fiscal year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.15%. The ex-dividend date was Wednesday, September 4th. PVH’s dividend payout ratio (DPR) is presently 1.33%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. BMO Capital Markets cut their target price on shares of PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 28th. The Goldman Sachs Group lowered their price target on shares of PVH from $144.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Barclays lowered their price target on shares of PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. StockNews.com lowered shares of PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Finally, Telsey Advisory Group lowered their price target on shares of PVH from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.