PVH Corp. (NYSE:PVH) Position Boosted by Easterly Investment Partners LLC

Easterly Investment Partners LLC boosted its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 35.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,393 shares of the textile maker's stock after acquiring an additional 5,031 shares during the period. Easterly Investment Partners LLC's holdings in PVH were worth $1,254,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PVH. Kapitalo Investimentos Ltda purchased a new position in shares of PVH during the 4th quarter worth about $47,000. Hoey Investments Inc. acquired a new stake in PVH in the fourth quarter valued at approximately $55,000. Allworth Financial LP grew its position in PVH by 78.2% in the first quarter. Allworth Financial LP now owns 930 shares of the textile maker's stock valued at $60,000 after acquiring an additional 408 shares in the last quarter. GAMMA Investing LLC grew its position in PVH by 135.7% in the first quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker's stock valued at $74,000 after acquiring an additional 661 shares in the last quarter. Finally, Signaturefd LLC grew its position in PVH by 11.0% in the fourth quarter. Signaturefd LLC now owns 1,569 shares of the textile maker's stock valued at $166,000 after acquiring an additional 156 shares in the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Price Performance

PVH stock traded down $0.28 during trading on Friday, hitting $71.39. The company had a trading volume of 978,426 shares, compared to its average volume of 1,152,328. The company has a current ratio of 1.11, a quick ratio of 0.53 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average of $73.83 and a 200 day moving average of $76.28. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $113.47. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 10.07, a P/E/G ratio of 1.47 and a beta of 1.81.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The textile maker reported $2.30 EPS for the quarter, topping the consensus estimate of $2.24 by $0.06. PVH had a net margin of 4.63% and a return on equity of 12.66%. The firm had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.93 billion. During the same period in the previous year, the business earned $2.45 earnings per share. PVH's revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, research analysts predict that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.15 annualized dividend and a yield of 0.21%. PVH's payout ratio is presently 2.12%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PVH shares. TD Cowen reissued a "hold" rating and set a $74.00 price target (down previously from $98.00) on shares of PVH in a research report on Wednesday, July 9th. UBS Group decreased their price target on shares of PVH from $150.00 to $146.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Bank of America decreased their price target on shares of PVH from $86.00 to $76.00 and set a "neutral" rating for the company in a research report on Friday, June 6th. Jefferies Financial Group raised shares of PVH from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $70.00 to $105.00 in a report on Wednesday, May 14th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $90.00 price objective on shares of PVH in a report on Thursday, June 5th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $94.20.

Insider Activity

In related news, CEO Stefan Larsson acquired 15,645 shares of the business's stock in a transaction on Thursday, June 26th. The shares were purchased at an average price of $63.92 per share, for a total transaction of $1,000,028.40. Following the acquisition, the chief executive officer owned 269,438 shares in the company, valued at approximately $17,222,476.96. This represents a 6.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jesper Andersen acquired 600 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were bought at an average price of $66.10 per share, for a total transaction of $39,660.00. Following the acquisition, the director owned 736 shares in the company, valued at approximately $48,649.60. This trade represents a 441.18% increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.

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.