Hantz Financial Services Inc. Takes $385,000 Position in PVH Corp. (NYSE:PVH)

Hantz Financial Services Inc. acquired a new stake in shares of PVH Corp. (NYSE:PVH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,638 shares of the textile maker’s stock, valued at approximately $385,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new position in shares of PVH during the first quarter valued at about $26,000. Global Retirement Partners LLC grew its stake in shares of PVH by 93.5% during the first quarter. Global Retirement Partners LLC now owns 238 shares of the textile maker’s stock valued at $33,000 after buying an additional 115 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of PVH during the first quarter valued at about $36,000. Riverview Trust Co bought a new position in shares of PVH during the first quarter valued at about $36,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of PVH during the first quarter valued at about $42,000. 97.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PVH has been the subject of a number of analyst reports. Bank of America dropped their target price on shares of PVH from $133.00 to $130.00 and set a “buy” rating for the company in a report on Thursday. Wedbush reiterated an “outperform” rating and set a $128.00 target price on shares of PVH in a report on Wednesday, June 5th. Barclays dropped their target price on shares of PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday. Telsey Advisory Group dropped their target price on shares of PVH from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Morgan Stanley increased their target price on shares of PVH from $110.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, June 6th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, PVH currently has an average rating of “Moderate Buy” and an average price target of $131.73.

PVH Stock Performance

Shares of PVH opened at $98.69 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.83. PVH Corp. has a one year low of $69.27 and a one year high of $141.15. The company has a 50-day simple moving average of $101.84 and a two-hundred day simple moving average of $114.14. The firm has a market capitalization of $5.51 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 0.77 and a beta of 2.14.

PVH (NYSE:PVH) last released its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.72. PVH had a net margin of 8.37% and a return on equity of 13.94%. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the business earned $1.98 earnings per share. The business’s revenue was down 6.0% on a year-over-year basis. On average, analysts anticipate that PVH Corp. will post 11.47 EPS for the current fiscal year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.15 annualized dividend and a dividend yield of 0.15%. PVH’s payout ratio is 1.33%.

About PVH

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.