Landscape Capital Management L.L.C. Boosts Holdings in PVH Corp. (NYSE:PVH)

Landscape Capital Management L.L.C. boosted its stake in PVH Corp. (NYSE:PVH) by 163.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,360 shares of the textile maker’s stock after acquiring an additional 5,809 shares during the period. Landscape Capital Management L.L.C.’s holdings in PVH were worth $990,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised 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 worth $30,000 after purchasing an additional 124 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of PVH during the 4th quarter valued at $41,000. Allworth Financial LP bought a new position in shares of PVH during the 4th quarter worth $50,000. GAMMA Investing LLC increased its holdings in PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after acquiring an additional 129 shares during the last quarter. Finally, Hoey Investments Inc. bought a new stake in PVH in the 4th quarter valued at about $55,000. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group reduced their target price on shares of PVH from $128.00 to $109.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Morgan Stanley lowered their target price on shares of PVH from $95.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday. Citigroup cut their price target on PVH from $123.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. Jefferies Financial Group decreased their price objective on PVH from $101.00 to $80.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. downgraded PVH from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $149.00 to $113.00 in a research note on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $107.40.

PVH Trading Up 3.0 %

Shares of PVH stock opened at $67.61 on Friday. 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 Corp. has a 1 year low of $61.59 and a 1 year high of $124.68. The firm has a market cap of $3.76 billion, a PE ratio of 5.51, a PEG ratio of 0.77 and a beta of 1.89. The company has a 50 day simple moving average of $74.52 and a two-hundred day simple moving average of $92.07.

PVH (NYSE:PVH) last posted its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.08. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the firm posted $3.72 EPS. The firm’s revenue was down 4.8% compared to the same quarter last year. Analysts expect that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were issued 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 dividend yield of 0.22%. PVH’s dividend payout ratio is 1.42%.

About PVH

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.