Hoey Investments Inc. Purchases Shares of 524 PVH Corp. (NYSE:PVH)

Hoey Investments Inc. acquired a new position in PVH Corp. (NYSE:PVH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 524 shares of the textile maker’s stock, valued at approximately $55,000.

Other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of PVH by 179,164.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock valued at $79,705,000 after purchasing an additional 759,656 shares during the period. Schroder Investment Management Group purchased a new position in PVH in the 4th quarter valued at approximately $38,035,000. Channing Capital Management LLC grew its stake in shares of PVH by 87.0% in the fourth quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker’s stock worth $72,015,000 after acquiring an additional 316,876 shares in the last quarter. American Century Companies Inc. increased its position in shares of PVH by 203.5% during the fourth quarter. American Century Companies Inc. now owns 454,808 shares of the textile maker’s stock worth $48,096,000 after acquiring an additional 304,973 shares during the period. Finally, Swedbank AB raised its stake in shares of PVH by 153.2% in the fourth quarter. Swedbank AB now owns 440,483 shares of the textile maker’s stock valued at $46,581,000 after acquiring an additional 266,509 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PVH. Barclays cut their price target on PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. UBS Group cut their target price on shares of PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Telsey Advisory Group decreased their price target on shares of PVH from $130.00 to $90.00 and set an “outperform” rating for the company in a research note on Tuesday, March 25th. Jefferies Financial Group reduced 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. Finally, Wells Fargo & Company cut shares of PVH from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $130.00 to $105.00 in a research report on Monday, February 3rd. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $112.27.

PVH Trading Down 3.0 %

PVH opened at $64.59 on Monday. 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 $62.80 and a 52 week high of $141.15. The business’s 50 day moving average is $76.92 and its two-hundred day moving average is $92.92. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 5.26, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.23%. 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.