Quest Partners LLC Acquires Shares of 12,808 PVH Corp. (NYSE:PVH)

Quest Partners LLC bought a new stake in PVH Corp. (NYSE:PVH - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,808 shares of the textile maker's stock, valued at approximately $1,291,000.

Other institutional investors also recently bought and sold shares of the company. Blair William & Co. IL boosted its holdings in shares of PVH by 2.9% in the 1st quarter. Blair William & Co. IL now owns 3,311 shares of the textile maker's stock valued at $466,000 after buying an additional 92 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of PVH by 8.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 43,582 shares of the textile maker's stock worth $6,090,000 after purchasing an additional 3,527 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of PVH in the 1st quarter valued at about $961,000. CANADA LIFE ASSURANCE Co boosted its position in shares of PVH by 0.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 46,591 shares of the textile maker's stock valued at $6,554,000 after purchasing an additional 386 shares during the period. Finally, EntryPoint Capital LLC purchased a new position in PVH during the 1st quarter worth approximately $132,000. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Price Performance

NYSE:PVH traded down $2.19 during trading hours on Wednesday, reaching $96.47. 505,755 shares of the company traded hands, compared to its average volume of 835,115. The firm's 50-day moving average is $98.09 and its 200-day moving average is $103.65. PVH Corp. has a 1-year low of $85.33 and a 1-year high of $141.15. The stock has a market cap of $5.38 billion, a P/E ratio of 7.83, a P/E/G ratio of 0.92 and a beta of 2.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66.

PVH (NYSE:PVH - Get Free Report) last released its earnings results on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, topping the consensus estimate of $2.29 by $0.72. The firm had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.07 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. PVH's revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.98 EPS. Equities research analysts expect that PVH Corp. will post 11.66 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend is Wednesday, November 27th. PVH's dividend payout ratio (DPR) is presently 1.19%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company decreased their price objective on PVH from $145.00 to $130.00 and set an "overweight" rating for the company in a report on Wednesday, August 28th. Guggenheim dropped their price objective on shares of PVH from $120.00 to $105.00 and set a "buy" rating on the stock in a research note on Monday, October 28th. TD Cowen lowered their price target on PVH from $149.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. BMO Capital Markets dropped 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. Finally, Telsey Advisory Group decreased their price objective on PVH from $140.00 to $130.00 and set an "outperform" rating for the company in a research report on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $126.53.

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.