Wealth Enhancement Advisory Services LLC Lowers Position in PVH Corp. (NYSE:PVH)

Wealth Enhancement Advisory Services LLC lessened its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 52.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Proficio Capital Partners LLC purchased a new stake in PVH during the 4th quarter valued at about $41,000. Charles Schwab Investment Management Inc. grew its stake in PVH by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker's stock valued at $66,375,000 after acquiring an additional 4,645 shares in the last quarter. Assetmark Inc. grew its stake in shares of PVH by 11.8% in the 4th quarter. Assetmark Inc. now owns 1,451 shares of the textile maker's stock valued at $153,000 after buying an additional 153 shares during the period. M&T Bank Corp grew its stake in shares of PVH by 11.5% in the 4th quarter. M&T Bank Corp now owns 3,302 shares of the textile maker's stock valued at $349,000 after buying an additional 340 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of PVH in the 4th quarter valued at approximately $4,923,000. Institutional investors and hedge funds own 97.25% of the company's stock.

Analysts Set New Price Targets

PVH has been the subject of several analyst reports. Wells Fargo & Company dropped their price target on shares of PVH from $100.00 to $80.00 and set an "equal weight" rating for the company in a research note on Thursday, June 5th. Cowen reissued a "buy" rating on shares of PVH in a research note on Friday, June 6th. Wall Street Zen raised 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 report on Friday, June 6th. Finally, Jefferies Financial Group raised shares of PVH from a "hold" rating to a "buy" rating and increased their price objective for the stock from $70.00 to $105.00 in a research report on Wednesday, May 14th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, PVH currently has a consensus rating of "Moderate Buy" and an average target price of $94.20.

PVH Stock Up 3.2%

NYSE:PVH traded up $2.32 during midday trading on Thursday, hitting $74.91. 146,683 shares of the company were exchanged, compared to its average volume of 1,498,427. The company has a fifty day simple moving average of $73.78 and a 200 day simple moving average of $78.18. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $113.47. The company has a current ratio of 1.11, a quick ratio of 0.53 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $3.60 billion, a PE ratio of 10.55, a price-to-earnings-growth ratio of 1.52 and a beta of 1.81.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The textile maker reported $2.30 EPS for the quarter, topping the consensus estimate of $2.24 by $0.06. PVH had a net margin of 4.63% and a return on equity of 12.66%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the business earned $2.45 EPS. PVH's revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a yield of 0.20%. PVH's dividend payout ratio is presently 2.12%.

Insiders Place Their Bets

In other PVH news, CEO Stefan Larsson acquired 15,645 shares of the company's stock in a transaction on Thursday, June 26th. The shares were bought at an average cost of $63.92 per share, for a total transaction of $1,000,028.40. Following the completion of the purchase, the chief executive officer owned 269,438 shares in the company, valued at $17,222,476.96. This trade represents a 6.16% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jesper Andersen acquired 600 shares of the company's stock in a transaction on 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 completion of the purchase, the director owned 736 shares of the company's stock, valued at $48,649.60. This trade represents a 441.18% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.20% of the company's stock.

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.