Wedge Capital Management L L P NC Has $2.47 Million Stake in PVH Corp. (NYSE:PVH)

Wedge Capital Management L L P NC increased its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 60.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 38,132 shares of the textile maker's stock after purchasing an additional 14,331 shares during the period. Wedge Capital Management L L P NC owned 0.07% of PVH worth $2,465,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in PVH during the fourth quarter worth about $41,000. Kapitalo Investimentos Ltda bought a new position in PVH during the fourth quarter worth about $47,000. Allworth Financial LP bought a new position in PVH during the fourth quarter worth about $50,000. Hoey Investments Inc. bought a new position in PVH during the fourth quarter worth about $55,000. Finally, Smartleaf Asset Management LLC grew its holdings in PVH by 96.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker's stock worth $65,000 after purchasing an additional 303 shares during the period. Institutional investors own 97.25% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on PVH shares. The Goldman Sachs Group reduced their price target on PVH from $128.00 to $109.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. BMO Capital Markets reduced their price objective on PVH from $93.00 to $84.00 and set a "market perform" rating for the company in a report on Thursday, June 5th. Telsey Advisory Group restated an "outperform" rating and set a $90.00 price objective on shares of PVH in a report on Thursday, June 5th. Wall Street Zen upgraded PVH from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Finally, JPMorgan Chase & Co. boosted their price objective on PVH from $87.00 to $99.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $98.27.

Insider Activity

In other news, Director Jesper Andersen purchased 600 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was bought at an average cost of $66.10 per share, for a total transaction of $39,660.00. Following 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

PVH Price Performance

PVH traded down $1.64 during trading on Friday, hitting $62.55. 1,917,829 shares of the stock traded hands, compared to its average volume of 1,096,696. PVH Corp. has a twelve month low of $59.28 and a twelve month high of $116.23. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 5.09, a PEG ratio of 0.77 and a beta of 1.89. 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 business has a 50 day moving average price of $74.40 and a 200 day moving average price of $83.21.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The textile maker reported $2.30 EPS for the quarter, beating 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 business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the business earned $2.45 earnings per share. The company's revenue was up 1.6% on a year-over-year basis. Equities research analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis 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%.

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.