PVH Corp. (NYSE:PVH) Shares Acquired by Bridgewater Associates LP

Bridgewater Associates LP increased its stake in PVH Corp. (NYSE:PVH) by 86.7% during the 3rd quarter, Holdings Channel reports. The fund owned 157,248 shares of the textile maker’s stock after purchasing an additional 73,028 shares during the quarter. Bridgewater Associates LP’s holdings in PVH were worth $15,855,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its stake in PVH by 63.9% in the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after acquiring an additional 106 shares during the last quarter. Signaturefd LLC increased its holdings in PVH by 6.7% in the second quarter. Signaturefd LLC now owns 1,713 shares of the textile maker’s stock valued at $181,000 after buying an additional 107 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of PVH by 4.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,495 shares of the textile maker’s stock worth $264,000 after acquiring an additional 108 shares in the last quarter. New Covenant Trust Company N.A. purchased a new position in shares of PVH in the 1st quarter valued at about $26,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after acquiring an additional 228 shares in the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PVH. The Goldman Sachs Group cut their price objective on shares of PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Guggenheim dropped their price objective on PVH from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Telsey Advisory Group reissued an “outperform” rating and issued a $130.00 target price on shares of PVH in a research report on Wednesday. Morgan Stanley reduced their price objective on PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Friday, September 6th. Finally, Bank of America lowered PVH from a “buy” rating to a “neutral” rating and dropped their target price for the company from $130.00 to $107.00 in a report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.53.

PVH Price Performance

PVH opened at $106.82 on Thursday. The company has a 50 day moving average of $98.92 and a two-hundred day moving average of $103.26. PVH Corp. has a 52-week low of $88.15 and a 52-week high of $141.15. 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 company has a market cap of $5.96 billion, a P/E ratio of 8.48, a P/E/G ratio of 0.97 and a beta of 2.11.

PVH (NYSE:PVH) last announced its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.98 EPS. On average, analysts expect that PVH Corp. will post 11.75 earnings per share for the current year.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. PVH’s dividend payout ratio (DPR) is currently 1.19%.

PVH 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.