Daytona Street Capital LLC Makes New Investment in PVH Corp. $PVH

Daytona Street Capital LLC acquired a new position in PVH Corp. (NYSE:PVH) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 35,761 shares of the textile maker’s stock, valued at approximately $2,397,000. PVH makes up approximately 1.6% of Daytona Street Capital LLC’s holdings, making the stock its 21st largest position. Daytona Street Capital LLC owned approximately 0.08% of PVH as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in PVH. Danske Bank A S purchased a new position in shares of PVH in the 3rd quarter worth $25,000. Saranac Partners Ltd purchased a new position in shares of PVH in the 3rd quarter worth $30,000. Quarry LP purchased a new position in shares of PVH in the 3rd quarter worth $58,000. Larson Financial Group LLC grew its stake in shares of PVH by 70,300.0% in the 3rd quarter. Larson Financial Group LLC now owns 704 shares of the textile maker’s stock worth $59,000 after buying an additional 703 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of PVH by 183.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,081 shares of the textile maker’s stock worth $74,000 after buying an additional 699 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on PVH. BTIG Research reissued a “buy” rating and issued a $100.00 price objective on shares of PVH in a research note on Wednesday, April 1st. UBS Group dropped their price objective on shares of PVH from $148.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, March 6th. Weiss Ratings cut shares of PVH from a “hold (c-)” rating to a “sell (d)” rating in a research note on Wednesday, April 1st. Wall Street Zen lowered shares of PVH from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $74.00 target price on shares of PVH in a report on Wednesday, April 1st. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, PVH currently has an average rating of “Hold” and a consensus target price of $88.93.

PVH Price Performance

PVH stock opened at $80.70 on Tuesday. The firm has a 50-day moving average price of $66.80 and a 200-day moving average price of $72.96. The firm has a market capitalization of $3.70 billion, a PE ratio of 212.37, a price-to-earnings-growth ratio of 2.51 and a beta of 1.61. The company has a current ratio of 1.52, a quick ratio of 0.72 and a debt-to-equity ratio of 0.48. PVH Corp. has a 12-month low of $59.28 and a 12-month high of $89.79.

PVH (NYSE:PVH) last released its earnings results on Tuesday, March 31st. The textile maker reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.30 by $0.52. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.43 billion. PVH had a net margin of 0.28% and a return on equity of 11.55%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business earned $3.27 EPS. As a group, equities research analysts forecast that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th were issued a dividend of $0.0375 per share. The ex-dividend date was Wednesday, March 4th. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. PVH’s dividend payout ratio (DPR) is presently 39.47%.

PVH Company Profile

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.