Quarry LP Has $203,000 Stock Holdings in PVH Corp. (NYSE:PVH)

Quarry LP boosted its position in PVH Corp. (NYSE:PVH) by 1,984.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,918 shares of the textile maker’s stock after purchasing an additional 1,826 shares during the period. Quarry LP’s holdings in PVH were worth $203,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PVH. Pacer Advisors Inc. lifted its position in shares of PVH by 13,275.0% in the second quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock valued at $129,395,000 after buying an additional 1,213,069 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in PVH by 234.1% during the 1st quarter. Principal Financial Group Inc. now owns 741,151 shares of the textile maker’s stock valued at $104,213,000 after purchasing an additional 519,316 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in PVH by 711.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 341,506 shares of the textile maker’s stock worth $41,705,000 after purchasing an additional 299,418 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of PVH by 14.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock valued at $245,668,000 after purchasing an additional 296,040 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its position in shares of PVH by 6,471.3% in the second quarter. Point72 Asset Management L.P. now owns 289,139 shares of the textile maker’s stock valued at $30,611,000 after purchasing an additional 284,739 shares during the period. Institutional investors own 97.25% of the company’s stock.

Analyst Ratings Changes

PVH has been the subject of several research analyst reports. StockNews.com downgraded shares of PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Morgan Stanley decreased their target price on PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Friday, September 6th. Barclays lowered their target price on PVH from $154.00 to $142.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Wells Fargo & Company reduced their price target on PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, August 28th. Finally, Wedbush reiterated an “outperform” rating and set a $128.00 price objective on shares of PVH in a research report on Wednesday, June 5th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.40.

PVH Trading Up 0.4 %

Shares of PVH opened at $100.83 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. PVH Corp. has a 52-week low of $69.27 and a 52-week high of $141.15. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 0.74 and a beta of 2.12. The business’s fifty day moving average is $97.80 and its 200-day moving average is $108.57.

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. PVH had a return on equity of 13.94% and a net margin of 8.37%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the previous year, the firm earned $1.98 earnings per share. The business’s quarterly revenue was down 6.0% on a year-over-year basis. Equities analysts anticipate that PVH Corp. will post 11.59 EPS for the current fiscal year.

PVH Announces Dividend

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