Hussman Strategic Advisors Inc. Purchases New Holdings in PVH Corp. $PVH

Hussman Strategic Advisors Inc. purchased a new stake in PVH Corp. (NYSE:PVH) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 10,500 shares of the textile maker’s stock, valued at approximately $704,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PVH. Danske Bank A S purchased a new position in PVH in the 3rd quarter valued at about $25,000. Saranac Partners Ltd purchased a new position in PVH in the 3rd quarter valued at about $30,000. Quarry LP purchased a new position in PVH in the 3rd quarter valued at about $58,000. Larson Financial Group LLC lifted its stake in PVH by 70,300.0% in the 3rd quarter. Larson Financial Group LLC now owns 704 shares of the textile maker’s stock valued at $59,000 after buying an additional 703 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in PVH by 183.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,081 shares of the textile maker’s stock valued at $74,000 after buying an additional 699 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PVH shares. UBS Group decreased their price target on shares of PVH from $148.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Jefferies Financial Group decreased their price target on shares of PVH from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $74.00 price target on shares of PVH in a research note on Wednesday, April 1st. BTIG Research reaffirmed a “buy” rating and issued a $100.00 price target on shares of PVH in a research note on Wednesday, April 1st. Finally, The Goldman Sachs Group raised their target price on shares of PVH from $83.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $88.93.

PVH Stock Performance

Shares of PVH stock opened at $91.68 on Monday. PVH Corp. has a one year low of $59.60 and a one year high of $100.15. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 241.28, a PEG ratio of 1.01 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. The business’s 50 day moving average price is $76.01 and its 200 day moving average price is $73.90.

PVH (NYSE:PVH) last announced 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 last year, the business posted $3.27 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. On average, research analysts predict that PVH Corp. will post 12.06 EPS for the current year.

PVH Dividend Announcement

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

PVH Profile

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.