First Trust Advisors LP Has $14.21 Million Stock Position in PVH Corp. (NYSE:PVH)

First Trust Advisors LP boosted its stake in PVH Corp. (NYSE:PVH – Get Rating) by 13.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 201,246 shares of the textile maker’s stock after buying an additional 24,215 shares during the period. First Trust Advisors LP owned approximately 0.32% of PVH worth $14,206,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PVH. Belpointe Asset Management LLC bought a new stake in shares of PVH during the 4th quarter worth approximately $25,000. Janiczek Wealth Management LLC lifted its holdings in shares of PVH by 218.6% during the 4th quarter. Janiczek Wealth Management LLC now owns 325 shares of the textile maker’s stock worth $27,000 after acquiring an additional 223 shares during the period. Westpac Banking Corp bought a new stake in shares of PVH during the 3rd quarter worth approximately $39,000. Covestor Ltd lifted its holdings in shares of PVH by 69.3% during the 1st quarter. Covestor Ltd now owns 596 shares of the textile maker’s stock worth $46,000 after acquiring an additional 244 shares during the period. Finally, Mach 1 Financial Group LLC bought a new stake in shares of PVH during the 3rd quarter worth approximately $57,000. Institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

PVH has been the subject of several research reports. TD Cowen increased their price objective on shares of PVH from $86.00 to $95.00 and gave the company a “market perform” rating in a research note on Monday, April 3rd. Morgan Stanley upped their price target on shares of PVH from $51.00 to $77.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 29th. The Goldman Sachs Group upped their price target on shares of PVH from $67.00 to $74.00 in a research report on Monday, March 20th. Credit Suisse Group increased their price objective on shares of PVH from $87.00 to $93.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 28th. Finally, UBS Group increased their price objective on shares of PVH from $92.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, April 4th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $90.11.

PVH Price Performance

PVH opened at $83.70 on Wednesday. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 0.53 and a beta of 2.10. The company has a quick ratio of 0.64, a current ratio of 1.29 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $83.11 and a 200-day moving average price of $78.08. PVH Corp. has a twelve month low of $43.49 and a twelve month high of $94.51.

PVH (NYSE:PVH – Get Rating) last posted its earnings results on Tuesday, March 28th. The textile maker reported $2.38 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.71. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.36 billion. PVH had a net margin of 2.22% and a return on equity of 11.69%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company earned $2.84 earnings per share. Equities analysts expect that PVH Corp. will post 10.03 EPS for the current year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 28th. Investors of record on Wednesday, June 7th will be paid a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, June 6th. This represents a $0.15 annualized dividend and a yield of 0.18%. PVH’s dividend payout ratio is currently 5.07%.

About PVH

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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.