Western Wealth Management LLC Acquires New Holdings in PVH Corp. (NYSE:PVH)

Western Wealth Management LLC acquired a new stake in shares of PVH Corp. (NYSE:PVH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,242 shares of the textile maker's stock, valued at approximately $343,000.

A number of other institutional investors and hedge funds also recently modified their holdings of PVH. UMB Bank n.a. increased its holdings in shares of PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock worth $30,000 after acquiring an additional 124 shares during the period. Proficio Capital Partners LLC bought a new position in PVH in the 4th quarter valued at about $41,000. Kapitalo Investimentos Ltda acquired a new position in shares of PVH during the fourth quarter valued at approximately $47,000. Allworth Financial LP acquired a new stake in PVH in the fourth quarter worth approximately $50,000. Finally, Hoey Investments Inc. bought a new position in PVH during the 4th quarter valued at $55,000. 97.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. BMO Capital Markets cut their price objective on PVH from $106.00 to $93.00 and set a "market perform" rating on the stock in a report on Tuesday, April 1st. JPMorgan Chase & Co. upped their price target on shares of PVH from $87.00 to $99.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. UBS Group boosted their target price on PVH from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday. Telsey Advisory Group reissued an "outperform" rating and set a $90.00 target price on shares of PVH in a research report on Tuesday, April 1st. Finally, Citigroup reissued a "neutral" rating and issued a $68.00 price objective (down from $83.00) on shares of PVH in a research note on Monday, April 7th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $105.80.

PVH Trading Down 2.7%

PVH traded down $2.35 during mid-day trading on Thursday, reaching $84.26. The stock had a trading volume of 296,264 shares, compared to its average volume of 999,765. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The stock has a market capitalization of $4.04 billion, a P/E ratio of 6.86, a P/E/G ratio of 0.77 and a beta of 1.81. The firm's fifty day simple moving average is $73.25 and its two-hundred day simple moving average is $85.69. PVH Corp. has a 52 week low of $59.28 and a 52 week high of $124.68.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, beating analysts' consensus estimates of $3.19 by $0.08. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The company's quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.72 earnings per share. On average, equities analysts predict that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.18%. The ex-dividend date is Wednesday, June 4th. PVH's dividend payout ratio (DPR) is 1.42%.

PVH 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.