Quadrant Capital Group LLC Has $76,000 Position in PVH Corp. (NYSE:PVH)

Posted by on Jun 6th, 2023

Quadrant Capital Group LLC increased its position in PVH Corp. (NYSE:PVH – Get Rating) by 119.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,080 shares of the textile maker’s stock after buying an additional 588 shares during the period. Quadrant Capital Group LLC’s holdings in PVH were worth $76,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PVH. Belpointe Asset Management LLC acquired a new position in PVH during the fourth quarter valued at approximately $25,000. Janiczek Wealth Management LLC grew its holdings in PVH by 218.6% during the fourth quarter. Janiczek Wealth Management LLC now owns 325 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 223 shares during the last quarter. Westpac Banking Corp acquired a new position in PVH during the third quarter valued at approximately $39,000. Covestor Ltd grew its holdings in PVH by 69.3% during the first quarter. Covestor Ltd now owns 596 shares of the textile maker’s stock valued at $46,000 after purchasing an additional 244 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in PVH by 139.1% during the third quarter. IFP Advisors Inc now owns 459 shares of the textile maker’s stock valued at $73,000 after purchasing an additional 267 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

PVH Stock Performance

Shares of NYSE:PVH opened at $76.97 on Tuesday. PVH Corp. has a twelve month low of $43.49 and a twelve month high of $94.51. The firm has a market cap of $4.83 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 0.49 and a beta of 2.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 1.40. The business has a fifty day moving average of $85.11 and a 200-day moving average of $79.80.

PVH (NYSE:PVH – Get Rating) last announced its earnings results on Thursday, June 1st. The textile maker reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.21. PVH had a return on equity of 11.83% and a net margin of 2.24%. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the company posted $1.94 earnings per share. On average, equities research analysts predict that PVH Corp. will post 10.04 EPS for the current fiscal year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 28th. Stockholders of record on Wednesday, June 7th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, June 6th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.19%. PVH’s dividend payout ratio (DPR) is presently 4.75%.

Analyst Ratings Changes

PVH has been the topic of several analyst reports. Evercore ISI increased their price target on PVH from $60.00 to $100.00 and gave the company an “in-line” rating in a report on Wednesday, March 29th. Credit Suisse Group increased their price objective on PVH from $87.00 to $93.00 and gave the company an “outperform” rating in a research report on Tuesday, March 28th. JPMorgan Chase & Co. increased their price objective on PVH from $97.00 to $100.00 and gave the company a “neutral” rating in a research report on Monday, April 3rd. TheStreet raised PVH from a “c” rating to a “b-” rating in a research report on Wednesday, May 31st. Finally, UBS Group increased their price objective on PVH from $92.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, April 4th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $90.72.

PVH Profile

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PVH Corp. engages in the design and marketing of dress shirts, neckwear, sportswear, jeans wear, intimate apparel, swim products, handbags, footwear, and other related products. It operates through the following segments: Tommy Hilfiger, Calvin Klein, and Heritage Brands. The Tommy Hilfiger segment consists of the Tommy Hilfiger North America and Tommy Hilfiger International.

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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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