Verition Fund Management LLC Boosts Stake in PVH Corp. (NYSE:PVH)

Verition Fund Management LLC boosted its position in PVH Corp. (NYSE:PVH - Free Report) by 255.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 44,958 shares of the textile maker's stock after acquiring an additional 32,298 shares during the period. Verition Fund Management LLC owned 0.08% of PVH worth $4,533,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PVH. Pacer Advisors Inc. grew its position in shares of PVH by 13,275.0% in the second quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker's stock valued at $129,395,000 after purchasing an additional 1,213,069 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of PVH by 14.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker's stock valued at $245,668,000 after buying an additional 296,040 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of PVH by 6,471.3% in the second quarter. Point72 Asset Management L.P. now owns 289,139 shares of the textile maker's stock worth $30,611,000 after buying an additional 284,739 shares in the last quarter. Pzena Investment Management LLC boosted its position in shares of PVH by 5.3% in the second quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker's stock valued at $595,382,000 after acquiring an additional 284,269 shares during the period. Finally, Swedbank AB purchased a new position in PVH during the third quarter valued at approximately $17,542,000. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Trading Up 1.1 %

PVH stock traded up $1.19 during midday trading on Wednesday, hitting $112.78. The company had a trading volume of 1,582,558 shares, compared to its average volume of 836,917. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 1.00 and a beta of 2.10. PVH Corp. has a 52 week low of $89.56 and a 52 week high of $141.15. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock's 50 day moving average price is $100.14 and its 200 day moving average price is $103.03.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.44. PVH had a net margin of 8.37% and a return on equity of 13.94%. The business had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.22 billion. During the same quarter in the prior year, the company posted $2.90 EPS. The firm's revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, equities research analysts expect that PVH Corp. will post 11.75 earnings per share for the current fiscal year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a $0.0375 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. PVH's dividend payout ratio is currently 1.19%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. BMO Capital Markets decreased their price target on shares of PVH from $119.00 to $106.00 and set a "market perform" rating on the stock in a report on Wednesday, August 28th. Barclays lowered their price target on PVH from $154.00 to $142.00 and set an "overweight" rating on the stock in a report on Thursday, August 29th. TD Cowen decreased their price objective on shares of PVH from $149.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday, August 29th. Guggenheim dropped their target price on shares of PVH from $120.00 to $105.00 and set a "buy" rating for the company in a research report on Monday, October 28th. Finally, The Goldman Sachs Group decreased their price target on shares of PVH from $144.00 to $124.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average 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.