Visionary Horizons LLC Purchases Shares of 7,938 PVH Corp. (NYSE:PVH)

Visionary Horizons LLC acquired a new position in PVH Corp. (NYSE:PVH) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 7,938 shares of the textile maker’s stock, valued at approximately $513,000.

A number of other hedge funds have also recently made changes to their positions in PVH. Charles Schwab Investment Management Inc. grew its position in PVH by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker’s stock worth $66,375,000 after purchasing an additional 4,645 shares during the period. Bank of New York Mellon Corp increased its stake 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 worth $81,852,000 after acquiring an additional 144,260 shares during the last quarter. Clark Estates Inc. NY bought a new position in shares of PVH in the 4th quarter valued at about $2,855,000. Citizens Financial Group Inc. RI bought a new stake in shares of PVH in the 4th quarter worth about $466,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after acquiring an additional 759,656 shares during the last quarter. 97.25% of the stock is owned by institutional investors.

PVH Price Performance

NYSE PVH opened at $65.17 on Wednesday. The business’s fifty day moving average is $74.42 and its two-hundred day moving average is $83.95. 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 $3.13 billion, a P/E ratio of 5.31, a P/E/G ratio of 0.77 and a beta of 1.89. PVH Corp. has a 1 year low of $59.28 and a 1 year high of $120.93.

PVH (NYSE:PVH) last posted its earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.06. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.93 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.45 earnings per share. On average, research analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be given a $0.0375 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.23%. PVH’s dividend payout ratio is currently 2.12%.

Analyst Ratings Changes

PVH has been the topic of a number of analyst reports. BMO Capital Markets cut their price target on PVH from $93.00 to $84.00 and set a “market perform” rating on the stock in a report on Thursday, June 5th. JPMorgan Chase & Co. raised their price objective 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. Jefferies Financial Group upgraded shares of PVH from a “hold” rating to a “buy” rating and upped their price target for the stock from $70.00 to $105.00 in a research report on Wednesday, May 14th. Wall Street Zen upgraded shares of PVH from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $90.00 price objective on shares of PVH in a research report on Thursday, June 5th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, PVH has an average rating of “Moderate Buy” and a consensus target price of $98.27.

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.