Worldquant Millennium Quantitative Strategies LLC Invests $3.89 Million in PVH Corp (PVH)

Worldquant Millennium Quantitative Strategies LLC purchased a new stake in PVH Corp (NYSE:PVH) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 26,011 shares of the textile maker’s stock, valued at approximately $3,894,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC raised its stake in shares of PVH by 9.1% in the 2nd quarter. FMR LLC now owns 6,874,778 shares of the textile maker’s stock valued at $1,029,292,000 after purchasing an additional 575,989 shares during the period. BlackRock Inc. raised its stake in shares of PVH by 2.4% in the 1st quarter. BlackRock Inc. now owns 5,193,528 shares of the textile maker’s stock valued at $786,454,000 after purchasing an additional 123,001 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of PVH by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,026,732 shares of the textile maker’s stock valued at $155,478,000 after purchasing an additional 38,896 shares during the period. Janus Henderson Group PLC raised its stake in shares of PVH by 67.4% in the 2nd quarter. Janus Henderson Group PLC now owns 905,694 shares of the textile maker’s stock valued at $135,601,000 after purchasing an additional 364,759 shares during the period. Finally, Congress Asset Management Co. MA raised its stake in shares of PVH by 2.3% in the 2nd quarter. Congress Asset Management Co. MA now owns 693,195 shares of the textile maker’s stock valued at $103,785,000 after purchasing an additional 15,778 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

PVH stock opened at $139.54 on Friday. PVH Corp has a 52 week low of $120.91 and a 52 week high of $169.22. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.72 and a quick ratio of 0.78. The stock has a market cap of $10.71 billion, a P/E ratio of 15.27, a price-to-earnings-growth ratio of 1.18 and a beta of 0.72.

PVH (NYSE:PVH) last posted its quarterly earnings results on Wednesday, August 29th. The textile maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. PVH had a return on equity of 13.07% and a net margin of 7.28%. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter last year, the company posted $1.69 earnings per share. PVH’s quarterly revenue was up 12.8% on a year-over-year basis. sell-side analysts predict that PVH Corp will post 9.26 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 25th. Investors of record on Wednesday, August 29th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date is Tuesday, August 28th. PVH’s payout ratio is currently 1.89%.

Several research firms have issued reports on PVH. Bank of America set a $180.00 price target on PVH and gave the company a “buy” rating in a research note on Thursday, August 30th. Telsey Advisory Group restated an “outperform” rating on shares of PVH in a report on Thursday, August 30th. Piper Jaffray Companies set a $177.00 price objective on PVH and gave the company a “buy” rating in a report on Thursday, August 30th. Deutsche Bank raised their price objective on PVH from $171.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, August 30th. Finally, Zacks Investment Research cut PVH from a “buy” rating to a “hold” rating in a report on Tuesday, August 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $173.16.

PVH Profile

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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