Focus Partners Wealth Takes Position in PVH Corp. (NYSE:PVH)

Focus Partners Wealth acquired a new stake in shares of PVH Corp. (NYSE:PVH) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,027 shares of the textile maker’s stock, valued at approximately $1,060,000.

Other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. raised its stake in shares of PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 124 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of PVH during the fourth quarter valued at approximately $41,000. Kapitalo Investimentos Ltda purchased a new stake in shares of PVH during the fourth quarter valued at approximately $47,000. Allworth Financial LP purchased a new stake in shares of PVH during the fourth quarter valued at approximately $50,000. Finally, Hoey Investments Inc. purchased a new stake in shares of PVH during the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of PVH from $91.00 to $87.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Morgan Stanley decreased their price target on shares of PVH from $95.00 to $86.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 2nd. Citigroup reissued a “neutral” rating and set a $68.00 price target (down previously from $83.00) on shares of PVH in a research report on Monday, April 7th. The Goldman Sachs Group decreased their price target on shares of PVH from $128.00 to $109.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Finally, Barclays decreased their price target on shares of PVH from $103.00 to $87.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.67.

PVH Stock Performance

PVH stock opened at $86.37 on Friday. The company has a market cap of $4.15 billion, a PE ratio of 7.03, a P/E/G ratio of 0.77 and a beta of 1.81. The company has a fifty day moving average price of $70.15 and a two-hundred day moving average price of $86.53. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $124.68.

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

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. The ex-dividend date is Wednesday, June 4th. PVH’s dividend payout ratio (DPR) is 1.42%.

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.