Landscape Capital Management L.L.C. Acquires 5,809 Shares of PVH Corp. (NYSE:PVH)

Landscape Capital Management L.L.C. increased its holdings in PVH Corp. (NYSE:PVH) by 163.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,360 shares of the textile maker’s stock after purchasing an additional 5,809 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in PVH were worth $990,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of PVH by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker’s stock valued at $66,375,000 after buying an additional 4,645 shares during the period. Bank of New York Mellon Corp increased its position in PVH by 22.9% during the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock valued at $81,852,000 after purchasing an additional 144,260 shares during the period. Clark Estates Inc. NY bought a new position in PVH during the 4th quarter worth approximately $2,855,000. Citizens Financial Group Inc. RI acquired a new position in shares of PVH in the 4th quarter worth approximately $466,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of PVH by 179,164.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock valued at $79,705,000 after purchasing an additional 759,656 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PVH. Jefferies Financial Group dropped their target price on shares of PVH from $101.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday. Wells Fargo & Company cut PVH from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $130.00 to $105.00 in a research note on Monday, February 3rd. Morgan Stanley dropped their price target on PVH from $95.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Barclays raised their price objective on shares of PVH from $98.00 to $103.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, BMO Capital Markets dropped their target price on shares of PVH from $106.00 to $93.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 1st. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, PVH presently has a consensus rating of “Moderate Buy” and an average price target of $107.40.

PVH Stock Up 3.0 %

PVH stock opened at $67.61 on Friday. The firm has a market capitalization of $3.76 billion, a PE ratio of 5.51, a P/E/G ratio of 0.77 and a beta of 1.89. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. PVH Corp. has a twelve month low of $61.59 and a twelve month high of $124.68. The stock’s 50 day moving average is $74.52 and its 200-day moving average is $92.07.

PVH (NYSE:PVH) last issued its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.08. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the business earned $3.72 EPS. The business’s revenue was down 4.8% on a year-over-year basis. Sell-side analysts expect that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.22%. PVH’s payout ratio is presently 1.42%.

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.