GAMMA Investing LLC Buys 73,720 Shares of PVH Corp. (NYSE:PVH)

GAMMA Investing LLC boosted its holdings in PVH Corp. (NYSE:PVH - Free Report) by 15,137.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,207 shares of the textile maker's stock after buying an additional 73,720 shares during the quarter. GAMMA Investing LLC owned approximately 0.13% of PVH worth $4,797,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its position in PVH by 179,164.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock valued at $79,705,000 after acquiring an additional 759,656 shares during the period. Balyasny Asset Management L.P. bought a new stake in shares of PVH in the fourth quarter worth $53,373,000. Schroder Investment Management Group acquired a new stake in PVH in the fourth quarter valued at $38,035,000. AQR Capital Management LLC increased its holdings in PVH by 128.6% in the fourth quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker's stock valued at $59,909,000 after purchasing an additional 318,731 shares during the period. Finally, Channing Capital Management LLC raised its position in PVH by 87.0% during the 4th quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker's stock worth $72,015,000 after purchasing an additional 316,876 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PVH shares. JPMorgan Chase & Co. upped their price target on PVH from $87.00 to $99.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Citigroup reaffirmed a "neutral" rating and issued a $68.00 price objective (down from $83.00) on shares of PVH in a research note on Monday, April 7th. Jefferies Financial Group raised shares of PVH from a "hold" rating to a "buy" rating and increased their target price for the company from $70.00 to $105.00 in a research report on Wednesday, May 14th. Morgan Stanley lowered their price target on shares of PVH from $86.00 to $64.00 and set an "equal weight" rating for the company in a report on Friday, June 6th. Finally, UBS Group dropped their price target on shares of PVH from $150.00 to $146.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $98.27.

PVH Stock Down 1.3%

Shares of NYSE:PVH traded down $0.84 during trading on Thursday, reaching $64.96. 485,087 shares of the stock were exchanged, compared to its average volume of 1,084,889. PVH Corp. has a 1-year low of $59.28 and a 1-year high of $120.93. The stock has a fifty day moving average of $74.39 and a two-hundred day moving average of $83.83. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 5.29, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89.

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

PVH Announces Dividend

The business 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 0.23%. The ex-dividend date of this dividend is Wednesday, June 4th. PVH's dividend payout ratio is currently 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.