Fort Washington Investment Advisors Inc. OH Raises Holdings in PVH Corp. (NYSE:PVH)

Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 9.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 209,460 shares of the textile maker's stock after buying 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.

A number of other institutional investors have also made changes to their positions in the business. Treasurer of the State of North Carolina boosted its holdings in shares of PVH by 0.6% during 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 during the period. Envestnet Asset Management Inc. increased its stake in PVH by 0.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker's stock worth $3,248,000 after acquiring an additional 152 shares during the period. Assetmark Inc. grew its stake in PVH by 11.8% during the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker's stock worth $153,000 after buying an additional 153 shares in the last quarter. Signaturefd LLC increased its holdings in PVH by 11.0% in the 4th quarter. Signaturefd LLC now owns 1,569 shares of the textile maker's stock valued at $166,000 after buying an additional 156 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of PVH by 8.9% during the 1st quarter. Parallel Advisors LLC now owns 1,973 shares of the textile maker's stock worth $128,000 after acquiring an additional 162 shares during the period. 97.25% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other PVH news, Director Jesper Andersen bought 600 shares of the stock in a transaction dated Wednesday, June 11th. The shares were bought at an average cost of $66.10 per share, for a total transaction of $39,660.00. Following the purchase, the director now directly owns 736 shares of the company's stock, valued at approximately $48,649.60. This trade represents a 441.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PVH has been the subject of a number of research analyst reports. Jefferies Financial Group raised PVH from a "hold" rating to a "buy" rating and boosted their price target for the stock from $70.00 to $105.00 in a report on Wednesday, May 14th. BMO Capital Markets decreased their target price on shares of PVH from $93.00 to $84.00 and set a "market perform" rating on the stock in a research note on Thursday, June 5th. Cowen reissued a "buy" rating on shares of PVH in a research note on Friday, June 6th. The Goldman Sachs Group reduced 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. Finally, Morgan Stanley cut their price target on shares of PVH from $86.00 to $64.00 and set an "equal weight" rating on the stock in a report on Friday, June 6th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, PVH currently has a consensus rating of "Moderate Buy" and an average price target of $98.27.

PVH Stock Down 2.6%

PVH traded down $1.64 during trading on Friday, hitting $62.55. 1,917,829 shares of the company's stock were exchanged, compared to its average volume of 1,096,696. The stock has a market cap of $3.01 billion, a P/E ratio of 5.09, a PEG ratio of 0.77 and a beta of 1.89. The business's 50 day moving average is $74.35 and its two-hundred day moving average is $83.53. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $116.23. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH - Get Free Report) last posted its earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.24 by $0.06. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The firm's revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.45 EPS. As a group, equities analysts expect that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Wednesday, June 4th. PVH's dividend payout ratio is 2.12%.

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.