Eisler Capital US LLC Takes $892,000 Position in PVH Corp. (NYSE:PVH)

Eisler Capital US LLC purchased a new stake in PVH Corp. (NYSE:PVH) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,000 shares of the textile maker’s stock, valued at approximately $892,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC raised its position in PVH by 29.4% during the first quarter. FMR LLC now owns 5,343,554 shares of the textile maker’s stock valued at $476,431,000 after purchasing an additional 1,213,058 shares in the last quarter. Dimensional Fund Advisors LP raised its position in PVH by 30.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,901,572 shares of the textile maker’s stock valued at $169,536,000 after purchasing an additional 446,923 shares in the last quarter. Invesco Ltd. raised its position in PVH by 9.7% during the first quarter. Invesco Ltd. now owns 1,684,738 shares of the textile maker’s stock valued at $129,067,000 after purchasing an additional 148,917 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of PVH by 1.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,513,465 shares of the textile maker’s stock worth $106,835,000 after buying an additional 15,457 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of PVH by 2.5% during the fourth quarter. AQR Capital Management LLC now owns 1,261,565 shares of the textile maker’s stock worth $88,045,000 after buying an additional 30,385 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Trading Down 0.7 %

PVH traded down $0.54 during trading on Friday, reaching $79.13. 21,414 shares of the stock traded hands, compared to its average volume of 962,099. The company has a quick ratio of 0.68, a current ratio of 1.09 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $4.96 billion, a PE ratio of 27.10, a P/E/G ratio of 0.58 and a beta of 2.09. The stock’s 50-day moving average is $84.67 and its 200 day moving average is $83.24. PVH Corp. has a 12 month low of $43.49 and a 12 month high of $94.51.

PVH (NYSE:PVH) last posted its earnings results on Wednesday, August 30th. The textile maker reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.23. PVH had a net margin of 1.99% and a return on equity of 11.63%. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the business posted $2.08 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. Equities analysts anticipate that PVH Corp. will post 10.33 earnings per share for the current year.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th will be given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date is Tuesday, September 5th. PVH’s payout ratio is 5.10%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Guggenheim reaffirmed a “buy” rating and set a $110.00 target price on shares of PVH in a research note on Wednesday, August 30th. Citigroup boosted their target price on shares of PVH from $86.00 to $88.00 and gave the stock a “neutral” rating in a research note on Thursday, August 31st. Morgan Stanley boosted their price objective on shares of PVH from $77.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Friday, September 1st. Piper Sandler boosted their price objective on shares of PVH from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, August 31st. Finally, UBS Group boosted their price objective on shares of PVH from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, August 31st. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $93.83.

PVH Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, include branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.