Leonteq Securities AG Makes New Investment in PVH Corp. $PVH

Leonteq Securities AG purchased a new position in PVH Corp. (NYSE:PVH) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 9,855 shares of the textile maker’s stock, valued at approximately $660,000.

Several other institutional investors also recently added to or reduced their stakes in PVH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in PVH by 26.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,931 shares of the textile maker’s stock worth $1,612,000 after buying an additional 5,240 shares during the period. Goldman Sachs Group Inc. increased its position in shares of PVH by 79.8% during the first quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker’s stock valued at $35,778,000 after purchasing an additional 245,740 shares during the period. Caxton Associates LLP bought a new stake in shares of PVH during the first quarter valued at approximately $226,000. United Services Automobile Association bought a new stake in shares of PVH during the first quarter valued at approximately $240,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of PVH by 9.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,847 shares of the textile maker’s stock valued at $22,873,000 after purchasing an additional 30,077 shares during the period. 97.25% of the stock is owned by institutional investors.

PVH Price Performance

Shares of PVH stock opened at $88.90 on Friday. The stock’s fifty day simple moving average is $80.98 and its 200 day simple moving average is $74.14. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.52 and a quick ratio of 0.85. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 233.95, a P/E/G ratio of 0.96 and a beta of 1.73. PVH Corp. has a one year low of $59.60 and a one year high of $100.15.

PVH (NYSE:PVH) last announced its quarterly earnings results on Tuesday, March 31st. The textile maker reported $3.82 EPS for the quarter, beating the consensus estimate of $3.30 by $0.52. The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.43 billion. PVH had a return on equity of 11.55% and a net margin of 0.28%.PVH’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.27 EPS. On average, analysts expect that PVH Corp. will post 12.01 earnings per share for the current fiscal year.

PVH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.15 annualized dividend and a yield of 0.2%. PVH’s payout ratio is currently 39.47%.

Wall Street Analyst Weigh In

PVH has been the topic of a number of research reports. Telsey Advisory Group restated a “market perform” rating and set a $74.00 price objective on shares of PVH in a research report on Wednesday, April 1st. Wall Street Zen upgraded PVH from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. BTIG Research restated a “buy” rating and set a $100.00 price objective on shares of PVH in a research report on Wednesday, April 1st. Jefferies Financial Group lowered their price objective on PVH from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. Finally, Needham & Company LLC boosted their price objective on PVH from $100.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, April 1st. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, PVH presently has a consensus rating of “Hold” and a consensus target price of $88.93.

PVH 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.