Optimize Financial Inc Acquires Shares of 5,523 PVH Corp. (NYSE:PVH)

Optimize Financial Inc bought a new position in PVH Corp. (NYSE:PVH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,523 shares of the textile maker's stock, valued at approximately $584,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its holdings 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 valued at $79,705,000 after buying an additional 759,656 shares during the period. Schroder Investment Management Group purchased a new stake in PVH during the fourth quarter valued at $38,035,000. Channing Capital Management LLC lifted its holdings in PVH by 87.0% in the fourth quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker's stock valued at $72,015,000 after acquiring an additional 316,876 shares during the period. American Century Companies Inc. boosted its position in PVH by 203.5% in the fourth quarter. American Century Companies Inc. now owns 454,808 shares of the textile maker's stock worth $48,096,000 after purchasing an additional 304,973 shares during the last quarter. Finally, Swedbank AB grew its stake in shares of PVH by 153.2% during the 4th quarter. Swedbank AB now owns 440,483 shares of the textile maker's stock valued at $46,581,000 after purchasing an additional 266,509 shares during the period. Hedge funds and other institutional investors own 97.25% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PVH. JPMorgan Chase & Co. lowered their price objective on shares of PVH from $91.00 to $87.00 and set a "neutral" rating on the stock in a research note on Monday. Barclays increased their price target on shares of PVH from $98.00 to $103.00 and gave the stock an "overweight" rating in a research report on Thursday, April 3rd. Jefferies Financial Group reduced their price objective on PVH from $101.00 to $80.00 and set a "hold" rating for the company in a research note on Wednesday, April 2nd. The Goldman Sachs Group lowered their target price on PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Finally, UBS Group reduced their price target on PVH from $172.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $105.40.

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PVH Price Performance

Shares of PVH stock traded up $0.26 during trading on Tuesday, reaching $70.55. 31,602 shares of the stock traded hands, compared to its average volume of 946,409. The business has a fifty day simple moving average of $71.22 and a two-hundred day simple moving average of $90.39. PVH Corp. has a 52-week low of $59.28 and a 52-week high of $124.68. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 5.72, a P/E/G ratio of 0.77 and a beta of 1.89. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69.

PVH (NYSE:PVH - Get Free Report) last posted its earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, beating analysts' consensus estimates of $3.19 by $0.08. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. During the same period in the prior year, the company earned $3.72 EPS. The company's quarterly revenue was down 4.8% compared to the same quarter last year. Sell-side analysts expect that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.0375 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.21%. PVH's dividend payout ratio (DPR) is presently 1.42%.

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.