Conscious Wealth Investments LLC Raises Stock Holdings in PVH Corp. (NYSE:PVH)

Conscious Wealth Investments LLC increased its stake in PVH Corp. (NYSE:PVH) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,121 shares of the textile maker’s stock after purchasing an additional 571 shares during the period. PVH makes up approximately 2.0% of Conscious Wealth Investments LLC’s portfolio, making the stock its 24th biggest holding. Conscious Wealth Investments LLC owned approximately 0.05% of PVH worth $2,974,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. South Dakota Investment Council increased its holdings in shares of PVH by 40.8% in the 4th quarter. South Dakota Investment Council now owns 104,335 shares of the textile maker’s stock worth $11,033,000 after buying an additional 30,237 shares during the last quarter. Olympiad Research LP grew its position in PVH by 12.8% in the fourth quarter. Olympiad Research LP now owns 2,714 shares of the textile maker’s stock worth $287,000 after acquiring an additional 309 shares in the last quarter. Ieq Capital LLC bought a new position in PVH in the fourth quarter valued at $3,059,000. New York State Common Retirement Fund raised its position in PVH by 61.5% during the fourth quarter. New York State Common Retirement Fund now owns 177,417 shares of the textile maker’s stock valued at $18,762,000 after purchasing an additional 67,539 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in PVH during the fourth quarter worth about $306,000. 97.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the sale, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. This trade represents a 12.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

PVH has been the topic of several recent research reports. Guggenheim increased their price objective on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 target price on shares of PVH in a research note on Wednesday, December 4th. Morgan Stanley decreased their price target on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Wells Fargo & Company lowered shares of PVH from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $130.00 to $105.00 in a report on Monday, February 3rd. Finally, StockNews.com lowered shares of PVH from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, PVH has a consensus rating of “Moderate Buy” and a consensus price target of $119.07.

PVH Stock Performance

Shares of NYSE:PVH opened at $78.73 on Monday. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average price of $94.40 and a 200-day moving average price of $98.04. The company 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 Corp. has a 12 month low of $76.34 and a 12 month high of $141.15.

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

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.19%. The ex-dividend date is Wednesday, March 5th. PVH’s dividend payout ratio (DPR) is currently 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.