Cubist Systematic Strategies LLC Buys 32,011 Shares of PVH Corp. (PVH)

Cubist Systematic Strategies LLC boosted its stake in shares of PVH Corp. (NYSE:PVH) by 339.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,443 shares of the textile maker’s stock after buying an additional 32,011 shares during the period. Cubist Systematic Strategies LLC owned 0.05% of PVH worth $5,224,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. First Allied Advisory Services Inc. boosted its stake in PVH by 2.7% during the second quarter. First Allied Advisory Services Inc. now owns 2,202 shares of the textile maker’s stock worth $249,000 after buying an additional 57 shares during the last quarter. Sentry Investment Management LLC lifted its stake in shares of PVH by 1.0% in the 2nd quarter. Sentry Investment Management LLC now owns 6,309 shares of the textile maker’s stock valued at $722,000 after purchasing an additional 65 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of PVH by 4.0% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,677 shares of the textile maker’s stock valued at $307,000 after purchasing an additional 104 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of PVH by 0.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 14,310 shares of the textile maker’s stock valued at $1,638,000 after purchasing an additional 107 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of PVH by 28.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock valued at $106,000 after purchasing an additional 204 shares during the last quarter. 94.36% of the stock is currently owned by institutional investors.

PVH Corp. (PVH) traded up $1.67 during mid-day trading on Monday, hitting $135.40. The company had a trading volume of 554,100 shares, compared to its average volume of 1,014,717. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.82 and a quick ratio of 0.97. The stock has a market cap of $10,416.23, a P/E ratio of 17.84, a PEG ratio of 1.33 and a beta of 0.61. PVH Corp. has a 52-week low of $84.53 and a 52-week high of $139.51.

PVH (NYSE:PVH) last posted its quarterly earnings data on Wednesday, November 29th. The textile maker reported $3.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.91 by $0.11. The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. PVH had a return on equity of 11.95% and a net margin of 6.22%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.60 EPS. sell-side analysts expect that PVH Corp. will post 7.8 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 22nd will be issued a dividend of $0.038 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.15 annualized dividend and a yield of 0.11%. PVH’s dividend payout ratio (DPR) is 2.23%.

In other PVH news, SVP James Holmes sold 851 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $126.99, for a total transaction of $108,068.49. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on PVH shares. Deutsche Bank started coverage on PVH in a research note on Monday, October 23rd. They issued a “hold” rating and a $131.00 price target on the stock. Cowen set a $145.00 price target on PVH and gave the company a “buy” rating in a research note on Wednesday, November 1st. Zacks Investment Research lowered PVH from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. Citigroup upped their price target on PVH from $125.00 to $148.00 and gave the company a “neutral” rating in a research note on Friday, August 25th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $148.00 price target on shares of PVH in a research note on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. PVH currently has a consensus rating of “Buy” and an average price target of $143.94.

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About PVH

PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.

Institutional Ownership by Quarter for PVH (NYSE:PVH)

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