QRG Capital Management Inc. Boosts Stock Holdings in PVH Corp. (NYSE:PVH)

QRG Capital Management Inc. increased its position in PVH Corp. (NYSE:PVH - Free Report) by 102.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,942 shares of the textile maker's stock after acquiring 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 SEC filing.

Several other hedge funds have also recently bought and sold shares of PVH. Venturi Wealth Management LLC grew its position in shares of PVH by 63.9% in the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker's stock valued at $27,000 after purchasing an additional 106 shares during the period. UMB Bank n.a. lifted its stake in PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock worth $30,000 after purchasing an additional 124 shares during the last quarter. Covestor Ltd boosted its holdings in shares of PVH by 270.6% during the third quarter. Covestor Ltd now owns 404 shares of the textile maker's stock valued at $41,000 after acquiring an additional 295 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of PVH by 116.3% during 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 in the last quarter. Finally, GAMMA Investing LLC raised its position in PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock worth $52,000 after acquiring an additional 129 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

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PVH Stock Up 0.5 %

PVH stock traded up $0.34 during mid-day trading on Friday, reaching $72.75. 897,418 shares of the company were exchanged, compared to its average volume of 865,290. PVH Corp. has a 12-month low of $68.80 and a 12-month high of $141.15. The business has a fifty day moving average of $88.36 and a 200 day moving average of $96.59. The firm has a market cap of $4.05 billion, a P/E ratio of 5.92, a PEG ratio of 0.77 and a beta of 2.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, beating analysts' consensus estimates of $2.59 by $0.44. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.90 earnings per share. Research analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.21%. PVH's payout ratio is 1.22%.

Insider Buying and Selling at PVH

In other 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 $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PVH. Telsey Advisory Group restated an "outperform" rating and set a $130.00 price target on shares of PVH in a research note on Wednesday, December 4th. Guggenheim upped their target price on shares of PVH from $105.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Jefferies Financial Group decreased their target price on shares of PVH from $104.00 to $101.00 and set a "hold" rating for the company in a research report on Tuesday, January 28th. StockNews.com cut PVH from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Barclays cut their price target on PVH from $144.00 to $98.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, PVH currently has an average rating of "Moderate Buy" and a consensus price target of $118.07.

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.