Lighthouse Investment Partners LLC Acquires New Holdings in PVH Corp. (NYSE:PVH)

Lighthouse Investment Partners LLC acquired a new stake in PVH Corp. (NYSE:PVH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 57,900 shares of the textile maker's stock, valued at approximately $6,123,000. Lighthouse Investment Partners LLC owned approximately 0.10% of PVH as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Barclays PLC boosted its position in shares of PVH by 71.3% during the 3rd quarter. Barclays PLC now owns 60,495 shares of the textile maker's stock valued at $6,097,000 after acquiring an additional 25,174 shares during the last quarter. GAMMA Investing LLC boosted its holdings in PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock valued at $52,000 after purchasing an additional 129 shares during the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of PVH in the 4th quarter valued at approximately $216,000. 180 Wealth Advisors LLC acquired a new stake in shares of PVH during the 4th quarter worth approximately $565,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of PVH during the 4th quarter valued at approximately $1,987,000. Hedge funds and other institutional investors own 97.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PVH shares. Jefferies Financial Group raised PVH from a "hold" rating to a "buy" rating and upped their price target for the company from $70.00 to $105.00 in a research note on Wednesday. UBS Group lowered their target price on shares of PVH from $172.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. BMO Capital Markets reduced their price target on shares of PVH from $106.00 to $93.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 1st. Citigroup reaffirmed a "neutral" rating and set a $68.00 price objective (down previously from $83.00) on shares of PVH in a research report on Monday, April 7th. Finally, JPMorgan Chase & Co. cut their target price on PVH from $91.00 to $87.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $105.67.

PVH Stock Performance

Shares of PVH stock traded up $0.97 during trading hours on Friday, hitting $86.37. 1,508,314 shares of the company were exchanged, compared to its average volume of 986,599. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 7.03, a P/E/G ratio of 0.77 and a beta of 1.81. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. PVH Corp. has a 1 year low of $59.28 and a 1 year high of $124.68. The business has a 50-day moving average of $69.77 and a 200-day moving average of $86.70.

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

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.17%. PVH's payout ratio 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.