Visionary Horizons LLC Buys New Position in PVH Corp. (NYSE:PVH)

Visionary Horizons LLC bought a new stake in PVH Corp. (NYSE:PVH - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,938 shares of the textile maker's stock, valued at approximately $513,000.

Several other hedge funds have also recently added to or reduced their stakes in PVH. FMR LLC grew its holdings in shares of PVH by 0.4% during the fourth quarter. FMR LLC now owns 6,826,021 shares of the textile maker's stock worth $721,852,000 after buying an additional 29,578 shares in the last quarter. LSV Asset Management lifted its holdings in PVH by 1.3% during the 4th quarter. LSV Asset Management now owns 1,199,238 shares of the textile maker's stock worth $126,819,000 after purchasing an additional 15,900 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in PVH by 22.9% in the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock valued at $81,852,000 after acquiring an additional 144,260 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings 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 in the last quarter. Finally, Channing Capital Management LLC raised its holdings in PVH by 87.0% in the 4th quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker's stock valued at $72,015,000 after acquiring an additional 316,876 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

PVH Trading Down 2.6%

Shares of PVH stock 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 firm has a market cap of $3.01 billion, a P/E ratio of 5.09, a P/E/G ratio of 0.77 and a beta of 1.89. The stock's 50-day moving average is $74.40 and its two-hundred day moving average is $83.05. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. PVH Corp. has a twelve month low of $59.28 and a twelve month high of $116.23.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share 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 company had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.93 billion. During the same quarter in the prior year, the firm posted $2.45 earnings per share. The business's quarterly revenue was up 1.6% on a year-over-year basis. On average, equities research analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

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

Insider Buying and Selling

In other news, Director Jesper Andersen acquired 600 shares of PVH stock in a transaction on Wednesday, June 11th. The stock was purchased at an average price of $66.10 per share, with a total value of $39,660.00. Following the completion of the purchase, the director now owns 736 shares of the company's stock, valued at approximately $48,649.60. The trade was 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 this link. 1.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PVH shares. Jefferies Financial Group raised PVH from a "hold" rating to a "buy" rating and boosted their price target for the stock from $70.00 to $105.00 in a report on Wednesday, May 14th. Needham & Company LLC reissued a "buy" rating and set a $115.00 price target on shares of PVH in a report on Thursday, June 5th. Barclays lowered their price target on PVH from $87.00 to $83.00 and set an "overweight" rating for the company in a report on Monday, June 9th. Evercore ISI lowered their price target on PVH from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Thursday, June 5th. Finally, Morgan Stanley lowered their price target on PVH from $86.00 to $64.00 and set an "equal weight" rating for the company in a report on Friday, June 6th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, PVH currently has an average rating of "Moderate Buy" and a consensus target price of $98.27.

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.