PVH Corp (PVH) Position Increased by Marshall Wace LLP

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Marshall Wace LLP boosted its stake in PVH Corp (NYSE:PVH) by 277.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,330 shares of the textile maker’s stock after buying an additional 142,807 shares during the quarter. Marshall Wace LLP owned approximately 0.25% of PVH worth $28,061,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PVH. Fort L.P. bought a new position in PVH in the 2nd quarter valued at $115,000. Opera Trading Capital bought a new position in PVH in the 2nd quarter valued at $120,000. SRS Capital Advisors Inc. bought a new position in PVH in the 3rd quarter valued at $125,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in PVH in the 2nd quarter valued at $212,000. Finally, Brown Advisory Inc. bought a new position in PVH in the 3rd quarter valued at $211,000. 95.35% of the stock is currently owned by institutional investors and hedge funds.

PVH stock opened at $102.44 on Friday. The firm has a market cap of $8.18 billion, a PE ratio of 11.43, a PEG ratio of 0.90 and a beta of 0.88. PVH Corp has a twelve month low of $101.67 and a twelve month high of $169.22. The company has a quick ratio of 0.85, a current ratio of 1.74 and a debt-to-equity ratio of 0.51.

PVH (NYSE:PVH) last released its earnings results on Thursday, November 29th. The textile maker reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $3.14 by $0.07. PVH had a return on equity of 13.00% and a net margin of 7.20%. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the previous year, the company posted $3.02 earnings per share. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. On average, equities research analysts predict that PVH Corp will post 9.35 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Wednesday, November 28th will be paid a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.15%. PVH’s dividend payout ratio (DPR) is presently 1.89%.

Several equities analysts have issued reports on PVH shares. Zacks Investment Research reiterated a “hold” rating on shares of PVH in a research report on Wednesday, November 14th. DA Davidson lifted their price objective on PVH to $134.00 and gave the company a “buy” rating in a research report on Monday, December 3rd. ValuEngine downgraded PVH from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. Guggenheim reiterated a “buy” rating and issued a $150.00 price objective on shares of PVH in a research report on Sunday, December 2nd. Finally, Cowen set a $142.00 price objective on PVH and gave the company a “buy” rating in a research report on Friday, November 30th. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $154.10.

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PVH Company Profile

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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