Marshall Wace LLP Acquires New Holdings in PVH Corp. (NYSE:PVH)

Marshall Wace LLP bought a new stake in PVH Corp. (NYSE:PVH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 118,370 shares of the textile maker’s stock, valued at approximately $12,532,000. Marshall Wace LLP owned about 0.21% of PVH as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PVH. Altshuler Shaham Ltd acquired a new stake in shares of PVH in the 2nd quarter valued at $25,000. New Covenant Trust Company N.A. acquired a new stake in PVH in the 1st quarter valued at approximately $26,000. Riverview Trust Co acquired a new stake in shares of PVH in the first quarter worth $36,000. Headlands Technologies LLC bought a new position in PVH during the first quarter worth $36,000. Finally, Daiwa Securities Group Inc. acquired a new position in PVH during the 1st quarter valued at $42,000. 97.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PVH shares. Wells Fargo & Company decreased their price target on shares of PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 28th. Evercore ISI raised their price objective on PVH from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. BMO Capital Markets lowered their price objective on PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 28th. Wedbush reiterated an “outperform” rating and set a $128.00 price target on shares of PVH in a research note on Wednesday, June 5th. Finally, Barclays dropped their price objective on shares of PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.40.

PVH Price Performance

Shares of PVH stock opened at $100.43 on Friday. PVH Corp. has a 52 week low of $69.27 and a 52 week high of $141.15. The stock’s fifty day moving average is $97.83 and its 200-day moving average is $108.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. The stock has a market capitalization of $5.60 billion, a PE ratio of 8.89, a PEG ratio of 0.74 and a beta of 2.12.

PVH (NYSE:PVH) last announced its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.72. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.07 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.98 EPS. Equities research analysts expect that PVH Corp. will post 11.59 EPS for the current fiscal year.

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.15%. The ex-dividend date of this dividend was Wednesday, September 4th. PVH’s dividend payout ratio is 1.33%.

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.