Easterly Investment Partners LLC Purchases 29,510 Shares of PVH Corp. $PVH

Easterly Investment Partners LLC increased its position in shares of PVH Corp. (NYSE:PVH) by 79.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,843 shares of the textile maker’s stock after buying an additional 29,510 shares during the period. Easterly Investment Partners LLC owned 0.15% of PVH worth $4,480,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Central Pacific Bank Trust Division raised its stake in PVH by 9.6% during the fourth quarter. Central Pacific Bank Trust Division now owns 1,940 shares of the textile maker’s stock worth $130,000 after buying an additional 170 shares during the last quarter. Osaic Holdings Inc. raised its stake in PVH by 12.4% during the second quarter. Osaic Holdings Inc. now owns 1,672 shares of the textile maker’s stock worth $114,000 after buying an additional 184 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in PVH by 1.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 21,552 shares of the textile maker’s stock valued at $1,444,000 after purchasing an additional 236 shares in the last quarter. Prospera Financial Services Inc increased its stake in PVH by 1.7% in the fourth quarter. Prospera Financial Services Inc now owns 14,813 shares of the textile maker’s stock valued at $993,000 after purchasing an additional 250 shares in the last quarter. Finally, Assetmark Inc. increased its stake in PVH by 22.5% in the fourth quarter. Assetmark Inc. now owns 1,568 shares of the textile maker’s stock valued at $105,000 after purchasing an additional 288 shares in the last quarter. Institutional investors own 97.25% of the company’s stock.

PVH Trading Up 0.1%

NYSE:PVH opened at $93.40 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.52 and a quick ratio of 0.85. The firm has a 50-day moving average of $84.18 and a 200-day moving average of $74.74. The company has a market cap of $4.28 billion, a PE ratio of 245.79, a PEG ratio of 1.03 and a beta of 1.72. PVH Corp. has a one year low of $59.60 and a one year high of $100.15.

PVH (NYSE:PVH) last posted its earnings results on Tuesday, March 31st. The textile maker reported $3.82 EPS for the quarter, topping the consensus estimate of $3.30 by $0.52. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.43 billion. PVH had a net margin of 0.28% and a return on equity of 11.55%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.27 earnings per share. As a group, equities research analysts expect that PVH Corp. will post 12.01 EPS for the current fiscal year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. PVH’s payout ratio is presently 39.47%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Weiss Ratings raised shares of PVH from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. BTIG Research reaffirmed a “buy” rating and issued a $100.00 price target on shares of PVH in a research note on Wednesday, April 1st. The Goldman Sachs Group lifted their price target on shares of PVH from $83.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. UBS Group lifted their price target on shares of PVH from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Needham & Company LLC lifted their price target on shares of PVH from $100.00 to $107.00 and gave the company a “buy” rating in a research note on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, PVH presently has an average rating of “Hold” and a consensus price target of $89.60.

PVH Company Profile

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.