PVH Corp. $PVH Position Increased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. raised its position in shares of PVH Corp. (NYSE:PVH) by 87.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 406,536 shares of the textile maker’s stock after buying an additional 189,666 shares during the quarter. Jupiter Asset Management Ltd. owned 0.89% of PVH worth $27,246,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Danske Bank A S purchased a new stake in PVH during the third quarter valued at about $25,000. Saranac Partners Ltd purchased a new stake in PVH during the third quarter valued at about $30,000. Global Retirement Partners LLC lifted its position in shares of PVH by 513.9% in the fourth quarter. Global Retirement Partners LLC now owns 442 shares of the textile maker’s stock worth $30,000 after purchasing an additional 370 shares in the last quarter. Quarry LP purchased a new stake in shares of PVH in the third quarter worth approximately $58,000. Finally, Larson Financial Group LLC lifted its position in shares of PVH by 70,300.0% in the third quarter. Larson Financial Group LLC now owns 704 shares of the textile maker’s stock worth $59,000 after purchasing an additional 703 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Trading Down 3.5%

NYSE:PVH opened at $93.40 on Friday. The stock’s 50 day moving average price is $84.18 and its 200 day moving average price is $74.75. PVH Corp. has a 52 week low of $59.60 and a 52 week high of $100.15. The company has a market capitalization of $4.28 billion, a P/E ratio of 245.79, a P/E/G ratio of 1.07 and a beta of 1.73. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.85 and a current ratio of 1.52.

PVH (NYSE:PVH) last released its quarterly earnings data on Tuesday, March 31st. The textile maker reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $3.30 by $0.52. PVH had a return on equity of 11.55% and a net margin of 0.28%.The firm had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the prior year, the company posted $3.27 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. On average, research analysts forecast that PVH Corp. will post 12.01 EPS for the current fiscal year.

PVH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.2%. The ex-dividend date is Wednesday, June 3rd. PVH’s dividend payout ratio (DPR) is 39.47%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PVH shares. Weiss Ratings raised shares of PVH from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Zacks Research raised shares of PVH from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. UBS Group increased their price target on shares of PVH from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday. The Goldman Sachs Group increased their price target on shares of PVH from $83.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $74.00 price target on shares of PVH in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $89.60.

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.