PVH Corp. (NYSE:PVH) Shares Bought by Hennessy Advisors Inc.

Hennessy Advisors Inc. boosted its holdings in shares of PVH Corp. (NYSE:PVH) by 6.8% in the fourth quarter, HoldingsChannel reports. The firm owned 80,380 shares of the textile maker’s stock after buying an additional 5,100 shares during the period. Hennessy Advisors Inc.’s holdings in PVH were worth $8,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Altshuler Shaham Ltd acquired a new position in shares of PVH in the second quarter worth about $25,000. Venturi Wealth Management LLC raised its position in shares of PVH by 63.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after purchasing an additional 106 shares during the last quarter. Covestor Ltd raised its position in shares of PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after purchasing an additional 295 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after purchasing an additional 228 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of PVH by 36.0% during the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after purchasing an additional 129 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Stock Performance

NYSE:PVH opened at $92.15 on Friday. The company has a fifty day simple moving average of $105.24 and a two-hundred day simple moving average of $101.15. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 7.50, a price-to-earnings-growth ratio of 1.02 and a beta of 2.09. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. PVH Corp. has a 52 week low of $88.60 and a 52 week high of $141.15.

PVH (NYSE:PVH) last issued its earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.44. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company’s revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.90 earnings per share. As a group, equities analysts anticipate that PVH Corp. will post 11.68 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. PVH’s payout ratio is currently 1.22%.

Insider Buying and Selling

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the transaction, the executive vice president now owns 23,103 shares in the company, valued at $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Guggenheim upped their price target on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Barclays upped their price target on shares of PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $130.00 price objective on shares of PVH in a research note on Wednesday, December 4th. Finally, Bank of America cut shares of PVH from a “buy” rating to a “neutral” rating and dropped their price target for the company from $130.00 to $107.00 in a research note on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.00.

PVH Company 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.