Symmetry Investments LP Invests $256,000 in PVH Corp. (NYSE:PVH)

Symmetry Investments LP bought a new stake in PVH Corp. (NYSE:PVH) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,419 shares of the textile maker’s stock, valued at approximately $256,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its holdings in shares of PVH by 321.8% during the 1st quarter. BNP Paribas Financial Markets now owns 39,996 shares of the textile maker’s stock worth $5,624,000 after purchasing an additional 30,513 shares during the period. Allianz Asset Management GmbH increased its position in shares of PVH by 36.2% in the fourth quarter. Allianz Asset Management GmbH now owns 209,381 shares of the textile maker’s stock worth $25,570,000 after acquiring an additional 55,601 shares in the last quarter. Capstone Investment Advisors LLC increased its position in shares of PVH by 115.5% in the first quarter. Capstone Investment Advisors LLC now owns 22,388 shares of the textile maker’s stock worth $3,148,000 after acquiring an additional 11,999 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in shares of PVH during the 1st quarter valued at $961,000. Finally, Quadrature Capital Ltd lifted its holdings in shares of PVH by 215.3% during the 1st quarter. Quadrature Capital Ltd now owns 23,397 shares of the textile maker’s stock valued at $3,290,000 after acquiring an additional 15,976 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on PVH. Bank of America cut their price objective on PVH from $133.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Morgan Stanley dropped their target price on PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Friday, September 6th. Evercore ISI upped their price target on PVH from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. Telsey Advisory Group dropped their price objective on shares of PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Finally, The Goldman Sachs Group decreased their target price on shares of PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $130.40.

PVH Stock Performance

Shares of PVH stock opened at $97.13 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average of $98.45 and a two-hundred day moving average of $110.22. The company has a market cap of $5.42 billion, a P/E ratio of 8.60, a PEG ratio of 0.74 and a beta of 2.12. PVH Corp. has a 52 week low of $69.27 and a 52 week high of $141.15.

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

PVH Dividend Announcement

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

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.