PVH Corp. (NYSE:PVH) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 106.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,109 shares of the textile maker's stock after buying 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.

Other institutional investors also recently bought and sold shares of the company. Kapitalo Investimentos Ltda acquired a new stake in PVH in the fourth quarter valued at approximately $47,000. Allworth Financial LP acquired a new stake in PVH in the fourth quarter valued at approximately $50,000. Hoey Investments Inc. acquired a new stake in PVH in the fourth quarter valued at approximately $55,000. Smartleaf Asset Management LLC boosted its stake in PVH by 96.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker's stock valued at $65,000 after acquiring an additional 303 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in PVH by 11.8% in the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker's stock valued at $153,000 after acquiring an additional 153 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Jesper Andersen bought 600 shares of the stock in a transaction dated Wednesday, June 11th. The stock was acquired at an average price of $66.10 per share, for a total transaction of $39,660.00. Following the acquisition, the director now owns 736 shares in the company, valued at approximately $48,649.60. This represents a 441.18% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.20% of the company's stock.

PVH Stock Down 2.6%

PVH traded down $1.64 during trading hours 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. PVH Corp. has a 12-month low of $59.28 and a 12-month high of $116.23. The firm has a 50 day moving average of $74.35 and a 200 day moving average of $83.53. The firm has a market cap of $3.01 billion, a P/E ratio of 5.09, a price-to-earnings-growth 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.

PVH (NYSE:PVH - Get Free Report) last announced its earnings results 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 period in the prior year, the firm earned $2.45 EPS. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. Analysts predict that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently commented on PVH. Bank of America lowered their price objective on shares of PVH from $86.00 to $76.00 and set a "neutral" rating for the company in a research note on Friday, June 6th. Wall Street Zen upgraded shares of PVH from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Morgan Stanley lowered their price objective on shares of PVH from $86.00 to $64.00 and set an "equal weight" rating for the company in a research note on Friday, June 6th. The Goldman Sachs Group lowered their price objective on shares of PVH from $128.00 to $109.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Finally, Barclays lowered their price objective on shares of PVH from $87.00 to $83.00 and set an "overweight" rating for the company in a research note on Monday. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $98.27.

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.