Focus Partners Wealth Invests $1.06 Million in PVH Corp. (NYSE:PVH)

Focus Partners Wealth purchased a new stake in shares of PVH Corp. (NYSE:PVH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,027 shares of the textile maker's stock, valued at approximately $1,060,000.

A number of other hedge funds have also modified their holdings of PVH. UMB Bank n.a. raised its position in shares of PVH by 78.5% during the 4th 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. Treasurer of the State of North Carolina increased its stake in PVH by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker's stock worth $2,579,000 after buying an additional 150 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in PVH by 0.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker's stock worth $3,248,000 after buying an additional 152 shares in the last quarter. Assetmark Inc. raised its holdings in PVH by 11.8% during the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker's stock valued at $153,000 after acquiring an additional 153 shares during the period. Finally, Signaturefd LLC lifted its position in shares of 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 currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PVH shares. Wells Fargo & Company increased their target price on PVH from $85.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Barclays cut their price objective on shares of PVH from $103.00 to $87.00 and set an "overweight" rating for the company in a report on Monday, April 28th. The Goldman Sachs Group lowered their target price on shares of PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Jefferies Financial Group upgraded shares of PVH from a "hold" rating to a "buy" rating and upped their target price for the stock from $70.00 to $105.00 in a research report on Wednesday, May 14th. Finally, StockNews.com upgraded shares of PVH from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.47.

PVH Trading Down 3.0%

Shares of NYSE:PVH traded down $2.60 during trading on Wednesday, reaching $83.18. The company's stock had a trading volume of 1,400,874 shares, compared to its average volume of 992,162. The stock has a market capitalization of $3.99 billion, a PE ratio of 6.77, a price-to-earnings-growth ratio of 0.77 and a beta of 1.81. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $124.68. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The firm's 50 day simple moving average is $70.96 and its two-hundred day simple moving average is $86.34.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.19 by $0.08. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the business posted $3.72 earnings per share. The company's quarterly revenue was down 4.8% compared to the same quarter last year. On average, research analysts predict that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be issued a $0.0375 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $0.15 annualized dividend and a dividend yield of 0.18%. PVH's dividend payout ratio (DPR) is presently 1.42%.

About PVH

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.