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

Visionary Horizons LLC purchased a new stake in PVH Corp. (NYSE:PVH) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,938 shares of the textile maker’s stock, valued at approximately $513,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its position in 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 purchasing an additional 759,656 shares during the period. Stanley Laman Group Ltd. acquired a new stake in PVH during the 4th quarter worth $2,330,000. Vontobel Holding Ltd. grew its stake in PVH by 76.6% during the 4th quarter. Vontobel Holding Ltd. now owns 4,341 shares of the textile maker’s stock valued at $459,000 after acquiring an additional 1,883 shares in the last quarter. Allworth Financial LP acquired a new stake in shares of PVH in the 4th quarter worth $50,000. Finally, Truist Financial Corp raised its stake in PVH by 70.8% during the fourth quarter. Truist Financial Corp now owns 6,498 shares of the textile maker’s stock worth $687,000 after purchasing an additional 2,693 shares during the period. 97.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. The Goldman Sachs Group lowered their target price on PVH from $128.00 to $109.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Evercore ISI decreased their target price on PVH from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Thursday, June 5th. Bank of America dropped their price target on PVH from $86.00 to $76.00 and set a “neutral” rating on the stock in a research note on Friday, June 6th. Barclays reduced their target price on shares of PVH from $87.00 to $83.00 and set an “overweight” rating for the company in a report on Monday. Finally, JPMorgan Chase & Co. raised their target price 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. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $98.27.

PVH Trading Down 0.2%

Shares of PVH stock opened at $65.17 on Wednesday. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $120.93. 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’s fifty day moving average price is $74.42 and its two-hundred day moving average price is $83.95. The company has a market cap of $3.13 billion, a PE ratio of 5.31, a P/E/G ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH) last announced its earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.06. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. PVH’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the company earned $2.45 EPS. Equities analysts predict 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. Investors of record on Wednesday, June 4th will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.15 annualized dividend and a yield of 0.23%. PVH’s payout ratio is currently 2.12%.

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.