MQS Management LLC Invests $231,000 in PVH Corp. (NYSE:PVH)

MQS Management LLC acquired a new stake in shares of PVH Corp. (NYSE:PVH) during the second quarter, according to its most recent filing with the SEC. The fund acquired 2,181 shares of the textile maker’s stock, valued at approximately $231,000.

Other institutional investors have also added to or reduced their stakes in the company. Pzena Investment Management LLC increased its position in shares of PVH by 5.3% during the second quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock valued at $595,382,000 after buying an additional 284,269 shares during the period. Dimensional Fund Advisors LP grew its stake in PVH by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock valued at $333,375,000 after acquiring an additional 55,293 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in PVH by 14.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock worth $245,668,000 after acquiring an additional 296,040 shares during the period. LSV Asset Management lifted its stake in PVH by 15.7% in the 2nd quarter. LSV Asset Management now owns 916,002 shares of the textile maker’s stock worth $96,977,000 after purchasing an additional 124,309 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in PVH by 0.4% in the 2nd quarter. Principal Financial Group Inc. now owns 744,225 shares of the textile maker’s stock valued at $78,791,000 after purchasing an additional 3,074 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Price Performance

PVH opened at $97.13 on Friday. 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 stock’s 50 day simple moving average is $98.45 and its 200 day simple moving average is $110.22. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 0.74 and a beta of 2.12. PVH Corp. has a 1 year low of $69.27 and a 1 year high of $141.15.

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

PVH Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PVH. StockNews.com downgraded PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Bank of America dropped their price target on PVH from $133.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. The Goldman Sachs Group decreased their price objective on shares of PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Barclays dropped their target price on shares of PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Finally, BMO Capital Markets lowered their price objective on shares of PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, PVH has an average rating of “Moderate Buy” and an average target price of $130.40.

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.