Fort Washington Investment Advisors Inc. OH Has $13.54 Million Holdings in PVH Corp. (NYSE:PVH)

Fort Washington Investment Advisors Inc. OH raised its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 9.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 209,460 shares of the textile maker's stock after purchasing an additional 18,370 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.40% of PVH worth $13,539,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Kapitalo Investimentos Ltda acquired a new stake in PVH during the 4th quarter valued at $47,000. Allworth Financial LP acquired a new stake in PVH during the 4th quarter valued at $50,000. Hoey Investments Inc. acquired a new stake in PVH during the 4th quarter valued at $55,000. Smartleaf Asset Management LLC lifted its holdings in PVH by 96.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker's stock valued at $65,000 after purchasing an additional 303 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in PVH by 135.7% during the 1st quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker's stock valued at $74,000 after purchasing an additional 661 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

PVH Price Performance

PVH stock traded up $2.41 during midday trading on Monday, reaching $65.11. The company's stock had a trading volume of 1,673,671 shares, compared to its average volume of 1,099,867. PVH Corp. has a 52 week low of $59.28 and a 52 week high of $116.23. 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 business has a 50-day moving average price of $74.50 and a 200-day moving average price of $82.58. The stock has a market cap of $3.13 billion, a PE ratio of 5.30, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The textile maker reported $2.30 EPS for the quarter, beating analysts' consensus estimates of $2.24 by $0.06. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the firm posted $2.45 earnings per share. The business's revenue for the quarter was up 1.6% on a year-over-year basis. On average, sell-side analysts predict that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Wednesday, June 4th. PVH's dividend payout ratio is currently 2.12%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. UBS Group lowered their price objective on PVH from $150.00 to $146.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Wall Street Zen upgraded PVH from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Barclays lowered their price objective on PVH from $87.00 to $83.00 and set an "overweight" rating on the stock in a research report on Monday, June 9th. Cowen restated a "buy" rating on shares of PVH in a research report on Friday, June 6th. Finally, Bank of America decreased their price target on PVH from $86.00 to $76.00 and set a "neutral" rating on the stock in a research report on Friday, June 6th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $98.27.

Insider Buying and Selling

In related news, Director Jesper Andersen acquired 600 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were bought at an average cost of $66.10 per share, with a total value of $39,660.00. Following the completion of the purchase, the director now directly owns 736 shares in the company, valued at $48,649.60. The trade was a 441.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 1.20% of the stock is 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.