Nomura Holdings Inc. Invests $783,000 in PVH Corp. (NYSE:PVH)

Nomura Holdings Inc. bought a new position in PVH Corp. (NYSE:PVH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,406 shares of the textile maker’s stock, valued at approximately $783,000.

Several other large investors have also added to or reduced their stakes in the stock. FMR LLC boosted its holdings in PVH by 0.4% in the fourth quarter. FMR LLC now owns 6,826,021 shares of the textile maker’s stock valued at $721,852,000 after acquiring an additional 29,578 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in PVH by 2.2% in the fourth quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker’s stock valued at $184,263,000 after acquiring an additional 36,719 shares in the last quarter. LSV Asset Management boosted its holdings in PVH by 1.3% in the fourth quarter. LSV Asset Management now owns 1,199,238 shares of the textile maker’s stock valued at $126,819,000 after acquiring an additional 15,900 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in PVH by 22.9% in the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock valued at $81,852,000 after acquiring an additional 144,260 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in PVH by 179,164.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock valued at $79,705,000 after acquiring an additional 759,656 shares in the last quarter. Institutional investors own 97.25% of the company’s stock.

PVH Price Performance

PVH opened at $84.69 on Tuesday. The stock has a 50-day moving average price of $70.52 and a 200-day moving average price of $86.35. 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 firm has a market cap of $4.06 billion, a PE ratio of 6.90, a P/E/G ratio of 0.77 and a beta of 1.81. PVH Corp. has a 1 year low of $59.28 and a 1 year high of $124.68.

PVH (NYSE:PVH) last posted its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) 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 firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the firm earned $3.72 EPS. PVH’s quarterly revenue was down 4.8% compared to the same quarter last year. Sell-side analysts predict that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

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

Analysts Set New Price Targets

PVH has been the topic of a number of research reports. Barclays dropped their target price on shares of PVH from $103.00 to $87.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. The Goldman Sachs Group dropped their target price on shares of PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. JPMorgan Chase & Co. boosted their target price on shares of PVH from $87.00 to $99.00 and gave the company a “neutral” rating in a report on Monday. UBS Group dropped their target price on shares of PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. Finally, Evercore ISI dropped their target price on shares of PVH from $139.00 to $105.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, PVH presently has an average rating of “Moderate Buy” and a consensus price target of $106.47.

About PVH

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.