Nomura Holdings Inc. Makes New $783,000 Investment in PVH Corp. (NYSE:PVH)

Nomura Holdings Inc. bought a new position in PVH Corp. (NYSE:PVH) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 7,406 shares of the textile maker’s stock, valued at approximately $783,000.

A number of other hedge funds have also bought and sold shares of PVH. Allspring Global Investments Holdings LLC grew its stake in shares of PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock valued at $79,705,000 after purchasing an additional 759,656 shares during the period. Balyasny Asset Management L.P. bought a new stake in shares of PVH during the 4th quarter valued at about $53,373,000. Schroder Investment Management Group bought a new stake in shares of PVH during the 4th quarter valued at about $38,035,000. AQR Capital Management LLC grew its stake in shares of PVH by 128.6% during the 4th quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker’s stock valued at $59,909,000 after purchasing an additional 318,731 shares during the period. Finally, Channing Capital Management LLC grew its stake in shares of PVH by 87.0% during the 4th quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker’s stock valued at $72,015,000 after purchasing an additional 316,876 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PVH. Evercore ISI cut their price target on PVH from $139.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, April 1st. StockNews.com upgraded PVH from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Jefferies Financial Group upgraded PVH from a “hold” rating to a “buy” rating and boosted their price target for the company from $70.00 to $105.00 in a research note on Wednesday, May 14th. BMO Capital Markets cut their price objective on PVH from $106.00 to $93.00 and set a “market perform” rating for the company in a research note on Tuesday, April 1st. Finally, Morgan Stanley cut their price objective on PVH from $95.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 2nd. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.47.

PVH Trading Down 1.9%

PVH stock opened at $84.69 on Tuesday. PVH Corp. has a 1-year low of $59.28 and a 1-year high of $124.68. 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 company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 6.90, a PEG ratio of 0.77 and a beta of 1.81. The business has a 50 day simple moving average of $70.52 and a two-hundred day simple moving average of $86.35.

PVH (NYSE:PVH) last posted its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.08. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the company posted $3.72 EPS. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. Research analysts anticipate that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.15 annualized dividend and a yield of 0.18%. PVH’s payout ratio is 1.42%.

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.