Millington Financial Advisors LLC Invests $1.89 Million in PVH Corp. $PVH

Millington Financial Advisors LLC purchased a new position in PVH Corp. (NYSE:PVH) in the 4th quarter, HoldingsChannel reports. The fund purchased 28,508 shares of the textile maker’s stock, valued at approximately $1,885,000.

Several other large investors have also recently modified their holdings of PVH. Danske Bank A S purchased a new position in shares of PVH in the 3rd quarter worth about $25,000. Saranac Partners Ltd purchased a new position in shares of PVH in the 3rd quarter worth about $30,000. Global Retirement Partners LLC raised its position in shares of PVH by 513.9% in the 4th quarter. Global Retirement Partners LLC now owns 442 shares of the textile maker’s stock worth $30,000 after purchasing an additional 370 shares during the last quarter. Quarry LP purchased a new position in shares of PVH in the 3rd quarter worth about $58,000. Finally, Larson Financial Group LLC raised its position 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 purchasing an additional 703 shares during the last quarter. 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 PVH shares. The Goldman Sachs Group raised their price target on shares of PVH from $83.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Zacks Research raised shares of PVH from a “hold” rating to a “strong-buy” rating in a report on Monday. UBS Group raised their price target on shares of PVH from $120.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday. Wall Street Zen raised shares of PVH from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $74.00 price target on shares of PVH in a report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $89.60.

PVH Stock Performance

Shares of NYSE PVH opened at $96.43 on Thursday. The firm’s 50-day moving average price is $82.88 and its 200-day moving average price is $74.48. The company has a market cap of $4.42 billion, a PE ratio of 253.77, a PEG ratio of 1.04 and a beta of 1.73. PVH Corp. has a 52-week low of $59.60 and a 52-week high of $100.15. The company has a quick ratio of 0.85, a current ratio of 1.52 and a debt-to-equity ratio of 0.48.

PVH (NYSE:PVH) last released 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. PVH had a net margin of 0.28% and a return on equity of 11.55%. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the prior year, the firm earned $3.27 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, analysts anticipate that PVH Corp. will post 12.01 EPS for the current year.

PVH Dividend Announcement

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