Millington Financial Advisors LLC purchased a new position in PVH Corp. (NYSE:PVH – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 28,508 shares of the textile maker’s stock, valued at approximately $1,885,000. Millington Financial Advisors LLC owned 0.06% of PVH as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division lifted its stake in PVH by 9.6% in the fourth quarter. Central Pacific Bank Trust Division now owns 1,940 shares of the textile maker’s stock worth $130,000 after acquiring an additional 170 shares during the period. Osaic Holdings Inc. lifted its stake in PVH by 12.4% in the second quarter. Osaic Holdings Inc. now owns 1,672 shares of the textile maker’s stock worth $114,000 after acquiring an additional 184 shares during the period. Prospera Financial Services Inc lifted its stake in PVH by 1.7% in the fourth quarter. Prospera Financial Services Inc now owns 14,813 shares of the textile maker’s stock worth $993,000 after acquiring an additional 250 shares during the period. Assetmark Inc. lifted its stake in PVH by 22.5% in the fourth quarter. Assetmark Inc. now owns 1,568 shares of the textile maker’s stock worth $105,000 after acquiring an additional 288 shares during the period. Finally, Danske Bank A S purchased a new stake in PVH in the third quarter worth $25,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.
PVH Stock Performance
Shares of PVH stock opened at $96.43 on Thursday. The company has a current ratio of 1.52, a quick ratio of 0.85 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $4.42 billion, a P/E ratio of 253.77, a P/E/G ratio of 1.04 and a beta of 1.73. The business has a fifty day simple moving average of $82.88 and a two-hundred day simple moving average of $74.48. PVH Corp. has a 12 month low of $59.60 and a 12 month high of $100.15.
PVH Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.15 annualized dividend and a yield of 0.2%. PVH’s dividend payout ratio (DPR) is currently 39.47%.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on PVH. Needham & Company LLC raised their price target on PVH from $100.00 to $107.00 and gave the stock a “buy” rating in a research note on Wednesday, April 1st. The Goldman Sachs Group raised their price target on PVH from $83.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Wall Street Zen raised PVH from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. BTIG Research reissued a “buy” rating and set a $100.00 price objective on shares of PVH in a research report on Wednesday, April 1st. Finally, Zacks Research raised PVH from a “hold” rating to a “strong-buy” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $89.60.
Check Out Our Latest Report on PVH
About PVH
PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.
PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.
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