Bridgewater Associates LP Raises Stock Holdings in PVH Corp. (NYSE:PVH)

Bridgewater Associates LP raised its position in shares of PVH Corp. (NYSE:PVH) by 86.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 157,248 shares of the textile maker’s stock after buying an additional 73,028 shares during the quarter. Bridgewater Associates LP owned about 0.28% of PVH worth $15,855,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Qsemble Capital Management LP acquired a new stake in shares of PVH in the 3rd quarter worth $1,240,000. Bank of Montreal Can increased its holdings in shares of PVH by 775.4% during the third quarter. Bank of Montreal Can now owns 88,678 shares of the textile maker’s stock valued at $8,906,000 after acquiring an additional 78,548 shares in the last quarter. Swedbank AB purchased a new position in shares of PVH in the 3rd quarter valued at approximately $17,542,000. Eagle Asset Management Inc. grew its position in PVH by 18.7% during the 3rd quarter. Eagle Asset Management Inc. now owns 14,491 shares of the textile maker’s stock worth $1,510,000 after purchasing an additional 2,286 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in PVH by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 623,010 shares of the textile maker’s stock valued at $62,818,000 after purchasing an additional 3,745 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Trading Down 0.6 %

Shares of PVH stock opened at $106.82 on Thursday. PVH Corp. has a fifty-two week low of $88.15 and a fifty-two week high of $141.15. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 0.97 and a beta of 2.11. The stock has a 50 day moving average of $98.92 and a 200 day moving average of $103.26.

PVH (NYSE:PVH) last announced its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.72. PVH had a return on equity of 13.94% and a net margin of 8.37%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the company earned $1.98 earnings per share. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. As a group, research analysts predict that PVH Corp. will post 11.75 earnings per share for the current year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date is Wednesday, November 27th. PVH’s dividend payout ratio (DPR) is 1.19%.

Analysts Set New Price Targets

A number of research firms have issued reports on PVH. Barclays reduced their price target on shares of PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 price target on shares of PVH in a report on Wednesday. The Goldman Sachs Group cut their price objective on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Morgan Stanley decreased their target price on PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Friday, September 6th. Finally, StockNews.com cut shares of PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $126.53.

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.