Quantinno Capital Management LP Increases Stock Position in PVH Corp. (NYSE:PVH)

Quantinno Capital Management LP raised its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 18.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 37,306 shares of the textile maker's stock after purchasing an additional 5,817 shares during the period. Quantinno Capital Management LP owned 0.07% of PVH worth $3,762,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Scientech Research LLC increased its holdings in PVH by 608.6% during the second quarter. Scientech Research LLC now owns 11,344 shares of the textile maker's stock valued at $1,201,000 after buying an additional 9,743 shares during the period. American Century Companies Inc. lifted its holdings in shares of PVH by 37.4% during the second quarter. American Century Companies Inc. now owns 80,021 shares of the textile maker's stock worth $8,472,000 after purchasing an additional 21,790 shares during the period. Renaissance Technologies LLC acquired a new stake in PVH during the 2nd quarter valued at approximately $6,995,000. Sei Investments Co. lifted its position in PVH by 30.1% during the second quarter. Sei Investments Co. now owns 160,058 shares of the textile maker's stock valued at $16,946,000 after purchasing an additional 37,012 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of PVH by 13.3% in the third quarter. Crossmark Global Holdings Inc. now owns 42,400 shares of the textile maker's stock worth $4,276,000 after buying an additional 4,991 shares during the last quarter. Institutional investors own 97.25% of the company's stock.

PVH Price Performance

PVH traded up $0.89 on Monday, reaching $108.07. 1,164,619 shares of the company's stock were exchanged, compared to its average volume of 845,541. PVH Corp. has a twelve month low of $89.56 and a twelve month high of $141.15. The stock has a market cap of $6.03 billion, a PE ratio of 8.91, a P/E/G ratio of 0.97 and a beta of 2.10. 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 stock's fifty day moving average price is $100.86 and its 200-day moving average price is $102.96.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the business earned $2.90 earnings per share. The business's revenue was down 4.6% compared to the same quarter last year. Sell-side analysts expect that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

The company also recently declared 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 is Wednesday, November 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. PVH's dividend payout ratio (DPR) is 1.22%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PVH shares. Telsey Advisory Group reaffirmed an "outperform" rating and set a $130.00 price objective on shares of PVH in a research note on Wednesday, December 4th. Bank of America downgraded shares of PVH from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Wells Fargo & Company dropped their target price on PVH from $145.00 to $130.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 28th. Morgan Stanley reduced their price target on PVH from $120.00 to $100.00 and set an "equal weight" rating for the company in a report on Friday, September 6th. Finally, BMO Capital Markets lowered their price target 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. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, PVH presently has an average rating of "Moderate Buy" and an average price target of $128.00.

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.