Empowered Funds LLC Acquires 71,603 Shares of PVH Corp. (NYSE:PVH)

Empowered Funds LLC grew its stake in PVH Corp. (NYSE:PVH) by 947.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,163 shares of the textile maker’s stock after acquiring an additional 71,603 shares during the period. Empowered Funds LLC owned 0.14% of PVH worth $8,371,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Venturi Wealth Management LLC grew its stake in PVH by 63.9% in the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 106 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after buying an additional 124 shares during the last quarter. Covestor Ltd grew its stake in shares of PVH by 270.6% in the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after buying an additional 295 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in PVH by 116.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after buying an additional 228 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in PVH by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after acquiring an additional 129 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on PVH shares. Jefferies Financial Group reduced their price target on PVH from $104.00 to $101.00 and set a “hold” rating for the company in a report on Tuesday, January 28th. Wells Fargo & Company cut PVH from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $130.00 to $105.00 in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered PVH from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $149.00 to $113.00 in a report on Friday, January 24th. StockNews.com downgraded PVH from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Guggenheim upped their price objective on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 6th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, PVH presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.07.

Insider Transactions at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the sale, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by insiders.

PVH Stock Down 0.4 %

PVH stock opened at $78.89 on Monday. PVH Corp. has a 52 week low of $77.88 and a 52 week high of $141.15. The business has a 50-day simple moving average of $100.63 and a 200 day simple moving average of $99.39. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The company has a market cap of $4.39 billion, a PE ratio of 6.42, a price-to-earnings-growth ratio of 0.78 and a beta of 2.06.

PVH (NYSE:PVH) last issued its earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating the consensus estimate of $2.59 by $0.44. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.90 EPS. Sell-side analysts anticipate that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.19%. PVH’s payout ratio is 1.22%.

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.