Focus Partners Wealth Acquires New Holdings in PVH Corp. (NYSE:PVH)

Focus Partners Wealth acquired a new stake in PVH Corp. (NYSE:PVH) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,027 shares of the textile maker’s stock, valued at approximately $1,060,000.

A number of other large investors have also recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its stake in shares of PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after purchasing an additional 124 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of PVH during the 4th quarter worth about $47,000. Allworth Financial LP acquired a new stake in shares of PVH during the 4th quarter worth about $50,000. Hoey Investments Inc. acquired a new stake in shares of PVH during the 4th quarter worth about $55,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of PVH by 96.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker’s stock worth $65,000 after purchasing an additional 303 shares during the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Trading Up 1.1%

Shares of PVH stock opened at $86.37 on Friday. PVH Corp. has a 1-year low of $59.28 and a 1-year high of $124.68. The firm’s 50-day simple moving average is $70.15 and its 200-day simple moving average is $86.53. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The firm has a market cap of $4.15 billion, a P/E ratio of 7.03, a PEG ratio of 0.77 and a beta of 1.81.

PVH (NYSE:PVH) last posted its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, beating the consensus estimate of $3.19 by $0.08. PVH had a net margin of 8.13% and a return on equity of 13.66%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the firm posted $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, equities analysts forecast that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.15 annualized dividend and a yield of 0.17%. PVH’s payout ratio is 1.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Morgan Stanley decreased their price target on shares of PVH from $95.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 2nd. UBS Group decreased their price target on shares of PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Barclays decreased their price target on shares of PVH from $103.00 to $87.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. cut their price objective on shares of PVH from $91.00 to $87.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Finally, StockNews.com upgraded shares of PVH from a “hold” rating to a “buy” rating in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $105.67.

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.