GAMMA Investing LLC Has $4.80 Million Stock Holdings in PVH Corp. (NYSE:PVH)

GAMMA Investing LLC lifted its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 15,137.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,207 shares of the textile maker's stock after acquiring an additional 73,720 shares during the period. GAMMA Investing LLC owned approximately 0.13% of PVH worth $4,797,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PVH. Allspring Global Investments Holdings LLC increased its position in shares of PVH by 179,164.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock worth $79,705,000 after acquiring an additional 759,656 shares in the last quarter. Stanley Laman Group Ltd. bought a new stake in shares of PVH during the fourth quarter worth $2,330,000. Vontobel Holding Ltd. increased its stake in shares of PVH by 76.6% during the 4th quarter. Vontobel Holding Ltd. now owns 4,341 shares of the textile maker's stock worth $459,000 after purchasing an additional 1,883 shares during the last quarter. Allworth Financial LP acquired a new position in shares of PVH during the 4th quarter worth about $50,000. Finally, Truist Financial Corp increased its stake in shares of PVH by 70.8% during the 4th quarter. Truist Financial Corp now owns 6,498 shares of the textile maker's stock worth $687,000 after purchasing an additional 2,693 shares during the last quarter. Institutional investors own 97.25% of the company's stock.

PVH Price Performance

NYSE:PVH traded down $1.64 on Friday, hitting $62.55. The company had a trading volume of 1,917,829 shares, compared to its average volume of 1,097,560. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 5.09, a PEG ratio of 0.77 and a beta of 1.89. 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 has a 50 day moving average of $74.40 and a two-hundred day moving average of $83.21. PVH Corp. has a 52 week low of $59.28 and a 52 week high of $116.23.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The textile maker reported $2.30 EPS for the quarter, beating the consensus estimate of $2.24 by $0.06. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate 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 firm earned $2.45 EPS. On average, research analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently weighed in on PVH. JPMorgan Chase & Co. boosted their price objective on shares of PVH from $87.00 to $99.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. BMO Capital Markets cut their price objective on shares of PVH from $93.00 to $84.00 and set a "market perform" rating for the company in a report on Thursday, June 5th. Citigroup reissued a "neutral" rating and issued a $68.00 price objective (down previously from $83.00) on shares of PVH in a report on Monday, April 7th. The Goldman Sachs Group cut their price objective on shares of PVH from $128.00 to $109.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Finally, Evercore ISI cut their price objective on shares of PVH from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Thursday, June 5th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $98.27.

Insider Transactions at PVH

In other news, Director Jesper Andersen acquired 600 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was bought at an average cost of $66.10 per share, for a total transaction of $39,660.00. Following the completion of the transaction, the director now directly owns 736 shares in the company, valued at $48,649.60. This represents a 441.18% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by corporate insiders.

PVH Company 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.