PVH Corp. (NYSE:PVH) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its position in shares of PVH Corp. (NYSE:PVH) by 106.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,109 shares of the textile maker’s stock after buying an additional 4,706 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in PVH were worth $963,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in PVH. Empowered Funds LLC raised its stake in shares of PVH by 947.1% during the 4th quarter. Empowered Funds LLC now owns 79,163 shares of the textile maker’s stock worth $8,371,000 after buying an additional 71,603 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after buying an additional 759,656 shares during the last quarter. Stanley Laman Group Ltd. acquired a new position in shares of PVH during the 4th quarter worth $2,330,000. Vontobel Holding Ltd. raised its stake in shares of PVH by 76.6% during the 4th quarter. Vontobel Holding Ltd. now owns 4,341 shares of the textile maker’s stock worth $459,000 after buying an additional 1,883 shares during the last quarter. Finally, Allworth Financial LP acquired a new position in shares of PVH during the 4th quarter worth $50,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on PVH. Jefferies Financial Group raised PVH from a “hold” rating to a “buy” rating and lifted their price target for the stock from $70.00 to $105.00 in a research note on Wednesday, May 14th. UBS Group reduced their target price on shares of PVH from $150.00 to $146.00 and set a “buy” rating on the stock in a report on Friday. Wall Street Zen upgraded shares of PVH from a “hold” rating to a “buy” rating in a report on Friday, May 30th. JPMorgan Chase & Co. upped 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, May 19th. Finally, The Goldman Sachs Group reduced 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. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $98.27.

PVH Trading Down 0.2%

NYSE PVH opened at $65.25 on Tuesday. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $120.93. The company has a 50-day moving average of $74.43 and a 200-day moving average of $84.08. 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 company has a market cap of $3.14 billion, a P/E ratio of 5.31, a P/E/G ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH) last posted its quarterly earnings data on Wednesday, June 4th. The textile maker reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.06. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the company posted $2.45 EPS. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, equities analysts predict that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Wednesday, June 4th. PVH’s dividend payout ratio (DPR) is presently 2.12%.

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.