Formula Growth Ltd. Makes New Investment in PVH Corp. (NYSE:PVH)

Formula Growth Ltd. bought a new stake in PVH Corp. (NYSE:PVH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,805 shares of the textile maker's stock, valued at approximately $1,777,000.

A number of other large investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its holdings in PVH by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker's stock valued at $66,375,000 after acquiring an additional 4,645 shares during the last quarter. Bank of New York Mellon Corp increased its stake in PVH by 22.9% in the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock valued at $81,852,000 after purchasing an additional 144,260 shares during the last quarter. Clark Estates Inc. NY purchased a new position in PVH during the fourth quarter worth about $2,855,000. Citizens Financial Group Inc. RI purchased a new position in PVH during the fourth quarter worth about $466,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in PVH by 179,164.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock worth $79,705,000 after buying an additional 759,656 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

Analyst Ratings Changes

PVH has been the subject of a number of research analyst reports. Citigroup reaffirmed a "neutral" rating and set a $68.00 price objective (down previously from $83.00) on shares of PVH in a research note on Monday, April 7th. The Goldman Sachs Group dropped their price target on shares of PVH from $128.00 to $109.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Telsey Advisory Group reiterated an "outperform" rating and issued a $90.00 price target on shares of PVH in a report on Tuesday, April 1st. BMO Capital Markets dropped their price objective on PVH from $106.00 to $93.00 and set a "market perform" rating for the company in a report on Tuesday, April 1st. Finally, UBS Group reduced their target price on PVH from $172.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, PVH has an average rating of "Moderate Buy" and an average target price of $105.40.

PVH Stock Up 4.4 %

PVH stock traded up $3.20 during midday trading on Thursday, hitting $75.17. 301,652 shares of the company were exchanged, compared to its average volume of 1,348,170. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $124.68. The company's fifty day moving average price is $70.03 and its 200-day moving average price is $89.15. The company has a market cap of $3.96 billion, a PE ratio of 6.12, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH - Get Free Report) last released its earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, beating the consensus estimate of $3.19 by $0.08. PVH had a return on equity of 13.66% and a net margin of 8.13%. The company had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.34 billion. During the same period in the prior year, the business posted $3.72 EPS. The business's revenue was down 4.8% on a year-over-year basis. On average, research analysts predict that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.20%. PVH's dividend payout ratio (DPR) is 1.42%.

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.