Ieq Capital LLC Takes Position in PVH Corp. (NYSE:PVH)

Ieq Capital LLC purchased a new position in PVH Corp. (NYSE:PVH) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 28,927 shares of the textile maker’s stock, valued at approximately $3,059,000. Ieq Capital LLC owned 0.05% of PVH at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its stake in shares of PVH by 179,164.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock valued at $79,705,000 after buying an additional 759,656 shares during the period. Pacer Advisors Inc. raised its stake in PVH by 39.6% in the 3rd quarter. Pacer Advisors Inc. now owns 1,705,717 shares of the textile maker’s stock valued at $171,987,000 after acquiring an additional 483,510 shares during the period. Swedbank AB lifted its holdings in PVH by 153.2% during the fourth quarter. Swedbank AB now owns 440,483 shares of the textile maker’s stock valued at $46,581,000 after purchasing an additional 266,509 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in PVH by 9.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock worth $255,011,000 after purchasing an additional 208,648 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of PVH by 82.2% in the third quarter. JPMorgan Chase & Co. now owns 253,666 shares of the textile maker’s stock worth $25,577,000 after purchasing an additional 114,430 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Stock Performance

NYSE:PVH opened at $78.73 on Friday. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 0.77 and a beta of 2.06. The business has a 50 day moving average of $94.40 and a 200 day moving average of $98.01. 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 Corp. has a 1-year low of $76.34 and a 1-year high of $141.15.

PVH (NYSE:PVH) last posted its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.44. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company’s revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.90 earnings per share. On average, sell-side analysts predict that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.19%. PVH’s payout ratio is presently 1.22%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barclays reduced their price objective on shares of PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. StockNews.com cut PVH from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Telsey Advisory Group reissued an “outperform” rating and set a $130.00 price objective on shares of PVH in a report on Wednesday, December 4th. Jefferies Financial Group decreased their price target on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. Finally, Guggenheim increased their price target on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $119.07.

Insider Activity at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the sale, the executive vice president now owns 23,103 shares of the company’s stock, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is owned by company 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.