Edgestream Partners L.P. Invests $2.47 Million in PVH Corp. (NYSE:PVH)

Edgestream Partners L.P. acquired a new stake in shares of PVH Corp. (NYSE:PVH - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 38,260 shares of the textile maker's stock, valued at approximately $2,473,000. Edgestream Partners L.P. owned about 0.07% of PVH as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Balyasny Asset Management L.P. acquired a new stake in PVH in the fourth quarter valued at $53,373,000. Schroder Investment Management Group purchased a new position in PVH during the fourth quarter worth $38,035,000. AQR Capital Management LLC increased its position in PVH by 128.6% during the fourth quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker's stock worth $59,909,000 after buying an additional 318,731 shares in the last quarter. American Century Companies Inc. increased its position in PVH by 203.5% during the fourth quarter. American Century Companies Inc. now owns 454,808 shares of the textile maker's stock worth $48,096,000 after buying an additional 304,973 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in PVH by 29.4% during the fourth quarter. Voya Investment Management LLC now owns 679,762 shares of the textile maker's stock worth $71,885,000 after buying an additional 154,295 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Stock Down 0.4%

NYSE:PVH traded down $0.28 during trading hours on Friday, hitting $71.39. 978,426 shares of the stock traded hands, compared to its average volume of 1,151,204. The firm has a 50 day moving average price of $73.83 and a 200 day moving average price of $76.48. The company has a current ratio of 1.11, a quick ratio of 0.53 and a debt-to-equity ratio of 0.37. 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 cap of $3.43 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 1.48 and a beta of 1.81.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The textile maker reported $2.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.24 by $0.06. The firm had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.93 billion. PVH had a net margin of 4.63% and a return on equity of 12.66%. PVH's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.45 earnings per share. Equities research analysts anticipate 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 was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date was Wednesday, June 4th. PVH's dividend payout ratio (DPR) is 2.12%.

Analysts Set New Price Targets

PVH has been the topic of several analyst reports. Jefferies Financial Group upgraded PVH from a "hold" rating to a "buy" rating and raised their price objective for the stock from $70.00 to $105.00 in a report on Wednesday, May 14th. Wells Fargo & Company cut their price objective on PVH from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Thursday, June 5th. UBS Group dropped their target price on PVH from $150.00 to $146.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Bank of America dropped their target price on PVH from $86.00 to $76.00 and set a "neutral" rating on the stock in a research report on Friday, June 6th. Finally, Barclays lowered their price objective on PVH from $87.00 to $83.00 and set an "overweight" rating for the company in a report on Monday, June 9th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, PVH currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.20.

Insider Activity

In related news, CEO Stefan Larsson bought 15,645 shares of PVH stock in a transaction that occurred on Thursday, June 26th. The stock was acquired at an average price of $63.92 per share, for a total transaction of $1,000,028.40. Following the completion of the purchase, 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jesper Andersen purchased 600 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was acquired at an average cost of $66.10 per share, with a total value of $39,660.00. Following the transaction, the director directly owned 736 shares of the company's stock, valued at approximately $48,649.60. This represents a 441.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company 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.