Captrust Financial Advisors Buys New Shares in PVH Corp. (NYSE:PVH)

Captrust Financial Advisors purchased a new position in shares of PVH Corp. (NYSE:PVH) during the 4th quarter, Holdings Channel reports. The fund purchased 17,243 shares of the textile maker’s stock, valued at approximately $1,823,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after buying an additional 124 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in PVH during the 4th quarter worth about $47,000. GAMMA Investing LLC lifted its position in PVH by 36.0% during the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after buying an additional 129 shares in the last quarter. Allworth Financial LP acquired a new stake in PVH in the fourth quarter valued at $50,000. Finally, Hoey Investments Inc. acquired a new stake in PVH in the fourth quarter valued at $55,000. 97.25% of the stock is owned by institutional investors.

PVH Price Performance

Shares of PVH stock opened at $79.00 on Tuesday. PVH Corp. has a twelve month low of $59.28 and a twelve month high of $124.68. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The company has a 50-day simple moving average of $69.02 and a two-hundred day simple moving average of $86.81. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 6.43, a price-to-earnings-growth ratio of 0.77 and a beta of 1.81.

PVH (NYSE:PVH) last issued its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.08. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the company earned $3.72 EPS. The business’s revenue was down 4.8% on a year-over-year basis. Analysts forecast that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.19%. The ex-dividend date is Wednesday, June 4th. PVH’s dividend payout ratio (DPR) is 1.42%.

Wall Street Analyst Weigh In

A number of analysts have commented on PVH shares. Citigroup reiterated a “neutral” rating and issued a $68.00 price target (down previously from $83.00) on shares of PVH in a research note on Monday, April 7th. Barclays cut their price target on shares of PVH from $103.00 to $87.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. JPMorgan Chase & Co. cut their price target on shares of PVH from $91.00 to $87.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. StockNews.com cut shares of PVH from a “buy” rating to a “hold” rating in a research note on Friday, April 18th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $90.00 price target on shares of PVH in a research note on Tuesday, April 1st. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $103.00.

PVH Profile

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.