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

Vaughan Nelson Investment Management L.P. lifted its position in shares of PVH Corp. (NYSE:PVH) by 9.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 973,895 shares of the textile maker’s stock after buying an additional 86,490 shares during the period. Vaughan Nelson Investment Management L.P. owned 2.13% of PVH worth $65,270,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PVH. Central Pacific Bank Trust Division raised 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 valued at $130,000 after acquiring an additional 170 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of PVH by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 47,572 shares of the textile maker’s stock valued at $3,263,000 after purchasing an additional 180 shares during the period. Osaic Holdings Inc. grew its position in shares of PVH by 12.4% in the second quarter. Osaic Holdings Inc. now owns 1,672 shares of the textile maker’s stock valued at $114,000 after purchasing an additional 184 shares during the period. Visionary Horizons LLC increased its stake in 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 last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in PVH by 2.0% in the third 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 during the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Stock Performance

PVH stock opened at $66.58 on Tuesday. The company has a market cap 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. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $89.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.47 and a quick ratio of 0.72. The stock’s 50-day moving average is $65.37 and its 200-day moving average is $73.23.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th were issued a dividend of $0.0375 per share. The ex-dividend date was Wednesday, March 4th. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. PVH’s payout ratio is presently 2.25%.

Wall Street Analysts Forecast Growth

PVH has been the topic of a number of research analyst reports. UBS Group decreased their price target on 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 reissued a “buy” rating and issued a $100.00 target price on shares of PVH in a research report on Friday, December 5th. Wells Fargo & Company lowered their target price on shares of PVH from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Friday, December 5th. Guggenheim assumed coverage on shares of PVH in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of PVH in a research note on Thursday, January 22nd. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $88.33.

About PVH

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.