180 Wealth Advisors LLC Invests $565,000 in PVH Corp. (NYSE:PVH)

180 Wealth Advisors LLC acquired a new stake in shares of PVH Corp. (NYSE:PVH) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,339 shares of the textile maker’s stock, valued at approximately $565,000.

Other hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in shares of PVH by 13,275.0% during the second quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock valued at $129,395,000 after purchasing an additional 1,213,069 shares during the period. Massachusetts Financial Services Co. MA boosted its position in PVH by 14.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock valued at $245,668,000 after buying an additional 296,040 shares during the period. Point72 Asset Management L.P. grew its stake in PVH by 6,471.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 289,139 shares of the textile maker’s stock worth $30,611,000 after acquiring an additional 284,739 shares in the last quarter. Swedbank AB purchased a new position in shares of PVH during the third quarter worth approximately $17,542,000. Finally, Marshall Wace LLP bought a new stake in shares of PVH during the second quarter valued at approximately $12,532,000. Institutional investors own 97.25% of the company’s stock.

PVH Stock Performance

Shares of PVH stock opened at $98.69 on Wednesday. PVH Corp. has a 12-month low of $89.56 and a 12-month high of $141.15. The business’s fifty day simple moving average is $105.60 and its 200-day simple moving average is $101.27. 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 market cap of $5.49 billion, a PE ratio of 8.04, a PEG ratio of 1.10 and a beta of 2.09.

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 company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm’s revenue was down 4.6% compared to the same quarter last year. During the same period last year, the business posted $2.90 earnings per share. Analysts expect that PVH Corp. will post 11.68 earnings per share for the current fiscal year.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.15%. The ex-dividend date of this dividend was Wednesday, November 27th. PVH’s dividend payout ratio is presently 1.22%.

Wall Street Analyst Weigh In

PVH has been the topic of several research analyst reports. Barclays increased their price objective on PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Bank of America lowered PVH from a “buy” rating to a “neutral” rating and cut their price target for the company from $130.00 to $107.00 in a research note on Wednesday, October 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 price objective on shares of PVH in a research note on Wednesday, December 4th. Finally, Guggenheim raised their target price on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, PVH presently has a consensus rating of “Moderate Buy” and an average price target of $128.00.

Insider Buying and Selling at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the sale, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at $2,437,366.50. The trade was a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

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.