7,938 Shares in PVH Corp. (NYSE:PVH) Purchased by Visionary Horizons LLC

Visionary Horizons LLC acquired a new position in shares of PVH Corp. (NYSE:PVH - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,938 shares of the textile maker's stock, valued at approximately $513,000.

A number of other hedge funds also recently made changes to their positions in the stock. Proficio Capital Partners LLC purchased a new stake in PVH during the fourth quarter valued at about $41,000. Kapitalo Investimentos Ltda bought a new position in shares of PVH during the 4th quarter valued at about $47,000. Allworth Financial LP purchased a new position in shares of PVH during the 4th quarter valued at about $50,000. Hoey Investments Inc. bought a new stake in PVH in the 4th quarter worth approximately $55,000. Finally, 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 worth $65,000 after buying an additional 303 shares in the last quarter. 97.25% of the stock is owned by institutional investors.

PVH Trading Down 2.5%

PVH traded down $1.63 during midday trading on Thursday, reaching $64.17. 1,956,090 shares of the company's stock traded hands, compared to its average volume of 1,091,567. PVH Corp. has a 52 week low of $59.28 and a 52 week high of $116.33. 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 fifty day moving average of $74.35 and a two-hundred day moving average of $83.53. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 5.23, a P/E/G ratio of 0.77 and a beta of 1.89.

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

PVH Dividend Announcement

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 given 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 dividend payout ratio is 2.12%.

Wall Street Analyst Weigh In

Several research analysts have commented on PVH shares. Bank of America decreased their price target on shares of PVH from $86.00 to $76.00 and set a "neutral" rating on the stock in a research note on Friday, June 6th. Evercore ISI decreased their target price on shares of PVH from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Thursday, June 5th. Needham & Company LLC restated a "buy" rating and set a $115.00 price target on shares of PVH in a research report on Thursday, June 5th. JPMorgan Chase & Co. raised their price objective on PVH from $87.00 to $99.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. Finally, Wells Fargo & Company decreased their price objective on PVH from $100.00 to $80.00 and set an "equal weight" rating on the stock in a report on Thursday, June 5th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $98.27.

Insider Activity

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

About PVH

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.