Empowered Funds LLC Acquires 71,603 Shares of PVH Corp. (NYSE:PVH)

Empowered Funds LLC boosted its holdings in shares of PVH Corp. (NYSE:PVH) by 947.1% during the fourth quarter, HoldingsChannel reports. The fund owned 79,163 shares of the textile maker’s stock after purchasing an additional 71,603 shares during the quarter. Empowered Funds LLC’s holdings in PVH were worth $8,371,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ARGA Investment Management LP grew its stake in shares of PVH by 394.2% in the fourth quarter. ARGA Investment Management LP now owns 17,885 shares of the textile maker’s stock worth $1,891,000 after purchasing an additional 14,266 shares during the last quarter. Swedbank AB grew its position in shares of PVH by 153.2% in the 4th quarter. Swedbank AB now owns 440,483 shares of the textile maker’s stock valued at $46,581,000 after buying an additional 266,509 shares during the last quarter. Hantz Financial Services Inc. increased its stake in shares of PVH by 81.6% in the fourth quarter. Hantz Financial Services Inc. now owns 6,347 shares of the textile maker’s stock valued at $671,000 after buying an additional 2,851 shares during the period. Pacer Advisors Inc. increased its stake in shares of PVH by 2.2% in the fourth quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker’s stock valued at $184,263,000 after buying an additional 36,719 shares during the period. Finally, KBC Group NV raised its position in shares of PVH by 1,796.6% during the fourth quarter. KBC Group NV now owns 30,422 shares of the textile maker’s stock worth $3,217,000 after acquiring an additional 28,818 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Price Performance

Shares of PVH opened at $78.89 on Monday. The business’s fifty day moving average is $100.63 and its 200 day moving average is $99.39. PVH Corp. has a 12-month low of $77.88 and a 12-month high of $141.15. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The stock has a market cap of $4.39 billion, a P/E ratio of 6.42, a P/E/G ratio of 0.78 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 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period last year, the firm earned $2.90 earnings per share. Sell-side analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

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 issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Wednesday, March 5th. PVH’s dividend payout ratio is currently 1.22%.

Analyst Ratings Changes

A number of research firms have weighed in on PVH. StockNews.com downgraded shares of PVH from a “buy” rating to a “hold” rating in a research report on Thursday. Barclays lowered their target price on shares of PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Jefferies Financial Group cut their price target on shares of PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. Morgan Stanley lowered their price objective on PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Finally, Telsey Advisory Group restated an “outperform” rating and set a $130.00 target price on shares of PVH in a research report on Wednesday, December 4th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $119.07.

Insider Transactions at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the sale, the executive vice president now owns 23,103 shares in the company, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

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.