Optimize Financial Inc Invests $584,000 in PVH Corp. (NYSE:PVH)

Optimize Financial Inc acquired a new position in shares of PVH Corp. (NYSE:PVH - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,523 shares of the textile maker's stock, valued at approximately $584,000.

A number of other hedge funds have also bought and sold shares of the company. FMR LLC raised its position in PVH by 0.4% in the 4th quarter. FMR LLC now owns 6,826,021 shares of the textile maker's stock worth $721,852,000 after purchasing an additional 29,578 shares during the period. Pacer Advisors Inc. lifted its stake in shares of PVH by 2.2% during the 4th quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker's stock worth $184,263,000 after acquiring an additional 36,719 shares during the last quarter. LSV Asset Management boosted its holdings in PVH by 1.3% during the 4th quarter. LSV Asset Management now owns 1,199,238 shares of the textile maker's stock valued at $126,819,000 after acquiring an additional 15,900 shares during the period. Bank of New York Mellon Corp grew its position in PVH by 22.9% in the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock valued at $81,852,000 after acquiring an additional 144,260 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of PVH by 179,164.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock worth $79,705,000 after purchasing an additional 759,656 shares during the last quarter. Institutional investors own 97.25% of the company's stock.

PVH Stock Performance

NYSE PVH traded up $1.09 on Thursday, hitting $68.83. 1,035,707 shares of the company's stock traded hands, compared to its average volume of 951,600. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The firm's 50-day moving average price is $70.78 and its two-hundred day moving average price is $90.08. PVH Corp. has a 1-year low of $59.28 and a 1-year high of $124.68. The firm has a market capitalization of $3.62 billion, a PE ratio of 5.61, a P/E/G ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH - Get Free Report) last posted its earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $2.34 billion. During the same period last year, the company earned $3.72 earnings per share. PVH'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 year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a $0.0375 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.22%. PVH's payout ratio is 1.42%.

Analyst Ratings Changes

Several research firms recently commented on PVH. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $90.00 price target on shares of PVH in a research note on Tuesday, April 1st. Jefferies Financial Group decreased their price target on shares of PVH from $101.00 to $80.00 and set a "hold" rating for the company in a research note on Wednesday, April 2nd. StockNews.com upgraded PVH from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Evercore ISI reduced their price objective on PVH from $139.00 to $105.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Finally, Wells Fargo & Company cut PVH from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $130.00 to $105.00 in a report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $105.40.

About PVH

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.