Olympiad Research LP Has $287,000 Stock Position in PVH Corp. (NYSE:PVH)

Olympiad Research LP boosted its stake in shares of PVH Corp. (NYSE:PVH) by 12.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,714 shares of the textile maker’s stock after buying an additional 309 shares during the period. Olympiad Research LP’s holdings in PVH were worth $287,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of PVH. Venturi Wealth Management LLC raised its holdings in 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 buying an additional 106 shares during the period. UMB Bank n.a. raised its holdings in PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after buying an additional 124 shares during the period. Covestor Ltd raised its holdings in PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after buying an additional 295 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in 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 buying an additional 228 shares during the period. Finally, Allworth Financial LP acquired a new stake in PVH during the 4th quarter worth approximately $50,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of PVH from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $149.00 to $113.00 in a report on Friday, January 24th. Morgan Stanley lowered their price objective on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Jefferies Financial Group lowered their price objective on shares of PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. Guggenheim lifted 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. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $130.00 price objective on shares of PVH in a report on Wednesday, December 4th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $119.07.

Insiders Place Their Bets

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at $2,437,366.50. The trade was a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

PVH Trading Up 0.1 %

PVH stock opened at $78.73 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. The company has a fifty day moving average price of $94.40 and a two-hundred day moving average price of $98.01. PVH Corp. has a one year low of $76.34 and a one year high of $141.15. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 6.41, a price-to-earnings-growth ratio of 0.77 and a beta of 2.06.

PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the business posted $2.90 earnings per share. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. Equities analysts anticipate that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.19%. PVH’s dividend payout ratio (DPR) is 1.22%.

PVH 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.