Wealth Enhancement Advisory Services LLC Decreases Stock Holdings in PVH Corp. (NYSE:PVH)

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 52.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,332 shares of the textile maker's stock after selling 4,777 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in PVH were worth $280,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PVH. Kapitalo Investimentos Ltda purchased a new stake in shares of PVH during the fourth quarter valued at approximately $47,000. Hoey Investments Inc. purchased a new stake in PVH during the 4th quarter valued at $55,000. GAMMA Investing LLC increased its holdings in shares of PVH by 135.7% in the 1st quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker's stock worth $74,000 after purchasing an additional 661 shares in the last quarter. Assetmark Inc. increased its holdings in shares of PVH by 11.8% in the 4th quarter. Assetmark Inc. now owns 1,451 shares of the textile maker's stock worth $153,000 after purchasing an additional 153 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of PVH by 11.0% in the fourth quarter. Signaturefd LLC now owns 1,569 shares of the textile maker's stock worth $166,000 after purchasing an additional 156 shares during the last quarter. Institutional investors own 97.25% of the company's stock.

Insider Buying and Selling

In related news, CEO Stefan Larsson bought 15,645 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was bought at an average cost of $63.92 per share, with a total value of $1,000,028.40. Following the completion of the purchase, the chief executive officer owned 269,438 shares of the company's stock, valued at approximately $17,222,476.96. The trade was a 6.16% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jesper Andersen purchased 600 shares of the firm's stock in a transaction on 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 owned 736 shares in the company, valued at approximately $48,649.60. This represents a 441.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.

PVH Stock Performance

NYSE PVH traded down $0.68 on Friday, reaching $73.62. 739,236 shares of the stock were exchanged, compared to its average volume of 1,148,817. The firm has a market capitalization of $3.54 billion, a PE ratio of 10.38, a PEG ratio of 1.50 and a beta of 1.81. PVH Corp. has a one year low of $59.28 and a one year high of $113.47. The company's 50-day simple moving average is $73.89 and its two-hundred day simple moving average is $77.95. The company has a current ratio of 1.11, a quick ratio of 0.53 and a debt-to-equity ratio of 0.37.

PVH (NYSE:PVH - Get Free Report) last released its earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.24 by $0.06. PVH had a net margin of 4.63% and a return on equity of 12.66%. The company had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.93 billion. During the same quarter in the previous year, the company earned $2.45 EPS. PVH's revenue for the quarter was up 1.6% on a year-over-year basis. Analysts expect that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend was Wednesday, June 4th. PVH's dividend payout ratio (DPR) is presently 2.12%.

Analyst Ratings Changes

Several research firms recently commented on PVH. Bank of America reduced their price objective on PVH from $86.00 to $76.00 and set a "neutral" rating for the company in a report on Friday, June 6th. Needham & Company LLC reiterated a "buy" rating and issued a $115.00 price target on shares of PVH in a research note on Thursday, June 5th. Cowen reissued a "buy" rating on shares of PVH in a report on Friday, June 6th. Evercore ISI dropped their target price on shares of PVH from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Thursday, June 5th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $68.00 target price (down previously from $83.00) on shares of PVH in a research report on Monday, April 7th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $94.20.

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.