Wealth Enhancement Advisory Services LLC Buys 4,706 Shares of PVH Corp. (NYSE:PVH)

Wealth Enhancement Advisory Services LLC raised its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 106.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,109 shares of the textile maker's stock after acquiring an additional 4,706 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in PVH were worth $963,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PVH. Allspring Global Investments Holdings LLC grew 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 purchasing an additional 759,656 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in PVH during the 4th quarter valued at approximately $53,373,000. Schroder Investment Management Group purchased a new stake in PVH during the 4th quarter valued at approximately $38,035,000. AQR Capital Management LLC raised its position in shares of PVH by 128.6% during the fourth quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker's stock valued at $59,909,000 after buying an additional 318,731 shares during the last quarter. Finally, Channing Capital Management LLC lifted its holdings in shares of PVH by 87.0% in the fourth quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker's stock worth $72,015,000 after buying an additional 316,876 shares in the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Trading Down 0.2%

PVH stock traded down $0.15 during mid-day trading on Tuesday, reaching $65.17. The company had a trading volume of 1,699,434 shares, compared to its average volume of 1,469,759. The company has a market capitalization of $3.13 billion, a PE ratio of 5.31, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89. The firm has a 50 day moving average of $74.43 and a 200 day moving average of $84.08. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $120.93. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69.

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

PVH Dividend Announcement

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

Analyst Upgrades and Downgrades

PVH has been the topic of a number of research reports. Cowen reiterated a "buy" rating on shares of PVH in a report on Friday. Wall Street Zen raised PVH from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Bank of America dropped their price target on PVH from $86.00 to $76.00 and set a "neutral" rating for the company in a research note on Friday. Wells Fargo & Company reduced their price objective on PVH from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Thursday, June 5th. Finally, UBS Group lowered their target price on PVH from $150.00 to $146.00 and set a "buy" rating for the company in a research report on Friday. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $98.27.

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.