QRG Capital Management Inc. Acquires 4,020 Shares of PVH Corp. (NYSE:PVH)

QRG Capital Management Inc. lifted its holdings in shares of PVH Corp. (NYSE:PVH) by 102.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,942 shares of the textile maker’s stock after purchasing an additional 4,020 shares during the period. QRG Capital Management Inc.’s holdings in PVH were worth $840,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in PVH. Venturi Wealth Management LLC boosted its position in PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after buying an additional 106 shares during the period. UMB Bank n.a. boosted its holdings in PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 124 shares during the period. Covestor Ltd grew its position in PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after acquiring an additional 295 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in PVH in the 4th quarter worth approximately $41,000. Finally, Allspring Global Investments Holdings LLC lifted its position in PVH by 116.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Trading Down 4.9 %

NYSE:PVH opened at $71.18 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The firm has a market capitalization of $3.96 billion, a P/E ratio of 5.80, a PEG ratio of 0.77 and a beta of 2.06. The company’s 50-day simple moving average is $90.59 and its 200 day simple moving average is $97.15. PVH Corp. has a one year low of $70.92 and a one year high of $141.15.

PVH (NYSE:PVH) last released its earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, topping the consensus estimate of $2.59 by $0.44. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the company posted $2.90 earnings per share. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, analysts forecast that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. The ex-dividend date is Wednesday, March 5th. PVH’s dividend payout ratio (DPR) is currently 1.22%.

Insiders Place Their Bets

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the transaction, the executive vice president now owns 23,103 shares in the company, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

PVH has been the topic of several analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 target price on shares of PVH in a research note on Wednesday, December 4th. Barclays lowered their price objective on shares of PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Jefferies Financial Group cut their target price on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. JPMorgan Chase & Co. cut PVH from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $149.00 to $113.00 in a report on Friday, January 24th. Finally, StockNews.com lowered PVH from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, PVH presently has a consensus rating of “Moderate Buy” and an average price target of $119.07.

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.