Vaughan Nelson Investment Management L.P. Raises Position in PVH Corp. $PVH

Vaughan Nelson Investment Management L.P. increased its stake in PVH Corp. (NYSE:PVH) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 973,895 shares of the textile maker’s stock after buying an additional 86,490 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in PVH were worth $65,270,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Central Pacific Bank Trust Division boosted its holdings in PVH by 9.6% in the 4th quarter. Central Pacific Bank Trust Division now owns 1,940 shares of the textile maker’s stock worth $130,000 after acquiring an additional 170 shares during the period. State Board of Administration of Florida Retirement System lifted its position in shares of PVH by 0.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 47,572 shares of the textile maker’s stock worth $3,263,000 after purchasing an additional 180 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of PVH by 12.4% during the second quarter. Osaic Holdings Inc. now owns 1,672 shares of the textile maker’s stock worth $114,000 after purchasing an additional 184 shares in the last quarter. Visionary Horizons LLC boosted its stake in shares of PVH by 2.1% in the third quarter. Visionary Horizons LLC now owns 10,885 shares of the textile maker’s stock valued at $912,000 after purchasing an additional 222 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in PVH by 2.0% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 15,599 shares of the textile maker’s stock valued at $1,307,000 after purchasing an additional 300 shares in the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PVH has been the topic of several analyst reports. UBS Group dropped 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. BTIG Research restated a “buy” rating and set a $100.00 target price on shares of PVH in a research note on Friday, December 5th. Jefferies Financial Group dropped their target price on PVH from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of PVH in a research note on Thursday, December 4th. Finally, Wall Street Zen lowered PVH from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Seven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $88.33.

PVH Trading Up 0.3%

NYSE PVH opened at $66.58 on Tuesday. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 9.98, a price-to-earnings-growth ratio of 2.24 and a beta of 1.67. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.47 and a quick ratio of 0.72. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $89.79. The company’s fifty day moving average price is $65.37 and its two-hundred day moving average price is $73.23.

PVH Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Wednesday, March 4th. PVH’s dividend payout ratio (DPR) is 2.25%.

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.