Hennessy Advisors Inc. Grows Stake in PVH Corp. (NYSE:PVH)

Hennessy Advisors Inc. increased its stake in PVH Corp. (NYSE:PVH) by 6.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,380 shares of the textile maker’s stock after acquiring an additional 5,100 shares during the period. Hennessy Advisors Inc. owned approximately 0.14% of PVH worth $8,500,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. purchased a new position in PVH in the fourth quarter worth about $1,987,000. 180 Wealth Advisors LLC bought a new stake in PVH in the fourth quarter worth about $565,000. Pallas Capital Advisors LLC bought a new stake in PVH in the fourth quarter worth about $216,000. Central Pacific Bank Trust Division lifted its stake in PVH by 15.9% in the fourth quarter. Central Pacific Bank Trust Division now owns 1,750 shares of the textile maker’s stock worth $185,000 after purchasing an additional 240 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after purchasing an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on PVH. Bank of America downgraded shares of PVH from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $130.00 to $107.00 in a research note on Wednesday, October 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $130.00 price target on shares of PVH in a research note on Wednesday, December 4th. Guggenheim lifted their price target on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Barclays lifted their price target on shares of PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, PVH presently has an average rating of “Moderate Buy” and an average target price of $128.00.

Insider Activity

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. Corporate insiders own 1.00% of the company’s stock.

PVH Price Performance

NYSE PVH opened at $92.15 on Friday. The firm’s fifty day simple moving average is $105.24 and its two-hundred day simple moving average is $101.15. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. PVH Corp. has a 12-month low of $88.60 and a 12-month high of $141.15. The firm has a market capitalization of $5.13 billion, a P/E ratio of 7.50, a P/E/G ratio of 1.02 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the company earned $2.90 earnings per share. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. Analysts forecast that PVH Corp. will post 11.68 EPS for the current fiscal year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date was Wednesday, November 27th. PVH’s dividend payout ratio (DPR) is presently 1.22%.

PVH 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.