J. Goldman & Co LP Makes New $10.58 Million Investment in PVH Corp. (NYSE:PVH)

J. Goldman & Co LP bought a new position in shares of PVH Corp. (NYSE:PVH) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 100,021 shares of the textile maker’s stock, valued at approximately $10,577,000. J. Goldman & Co LP owned about 0.18% of PVH at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PVH. Charles Schwab Investment Management Inc. raised its holdings in shares of PVH by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker’s stock valued at $66,375,000 after purchasing an additional 4,645 shares in the last quarter. 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 buying an additional 144,260 shares in the last quarter. Clark Estates Inc. NY purchased a new position in shares of PVH in the 4th quarter valued at approximately $2,855,000. Citizens Financial Group Inc. RI acquired a new stake in shares of PVH during the fourth quarter worth $466,000. Finally, Allspring Global Investments Holdings LLC lifted its position in PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after acquiring an additional 759,656 shares during the period. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Stock Down 1.5 %

Shares of NYSE PVH opened at $74.41 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The business has a 50-day moving average of $68.86 and a two-hundred day moving average of $86.95. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 6.06, a price-to-earnings-growth ratio of 0.77 and a beta of 1.81. PVH Corp. has a 1 year low of $59.28 and a 1 year high of $124.68.

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

PVH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Wednesday, June 4th. PVH’s dividend payout ratio is currently 1.42%.

Analyst Upgrades and Downgrades

PVH has been the topic of several recent research reports. Wells Fargo & Company dropped their price objective on shares of PVH from $95.00 to $85.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. The Goldman Sachs Group decreased their target price on PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. StockNews.com cut PVH from a “buy” rating to a “hold” rating in a report on Friday, April 18th. JPMorgan Chase & Co. cut their price objective on shares of PVH from $91.00 to $87.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Finally, Jefferies Financial Group decreased their price objective on PVH from $101.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday, April 2nd. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, PVH presently has a consensus rating of “Moderate Buy” and an average target price of $103.00.

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.