Hantz Financial Services Inc. Raises Position in PVH Corp. (NYSE:PVH)

Hantz Financial Services Inc. lifted its stake in shares of PVH Corp. (NYSE:PVH) by 81.6% during the fourth quarter, Holdings Channel reports. The fund owned 6,347 shares of the textile maker’s stock after acquiring an additional 2,851 shares during the period. Hantz Financial Services Inc.’s holdings in PVH were worth $671,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Franklin Resources Inc. increased its holdings in PVH by 5.9% during the 3rd quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker’s stock worth $26,942,000 after purchasing an additional 15,483 shares during the period. Fort Washington Investment Advisors Inc. OH raised its holdings in PVH by 16.0% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 191,090 shares of the textile maker’s stock valued at $20,208,000 after acquiring an additional 26,390 shares in the last quarter. 180 Wealth Advisors LLC purchased a new position in PVH in the fourth quarter worth approximately $565,000. Erste Asset Management GmbH acquired a new position in PVH during the 3rd quarter worth approximately $1,997,000. Finally, Quest Partners LLC purchased a new stake in shares of PVH in the 3rd quarter valued at approximately $1,291,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PVH. Jefferies Financial Group lowered their target price on shares of PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research note on Tuesday. Barclays increased their price objective on PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, December 9th. JPMorgan Chase & Co. cut PVH from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $149.00 to $113.00 in a research note on Friday, January 24th. Telsey Advisory Group reiterated an “outperform” rating and issued a $130.00 price target on shares of PVH in a research note on Wednesday, December 4th. Finally, Guggenheim boosted their price objective on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.80.

PVH Price Performance

Shares of NYSE PVH opened at $89.65 on Friday. PVH Corp. has a 1-year low of $88.60 and a 1-year high of $141.15. The company has a market cap of $4.99 billion, a PE ratio of 7.30, a P/E/G ratio of 0.93 and a beta of 2.09. 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 stock has a fifty day moving average price of $103.32 and a 200 day moving average price of $100.17.

PVH (NYSE:PVH) last posted its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating the consensus estimate of $2.59 by $0.44. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the firm earned $2.90 EPS. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. Sell-side analysts forecast that PVH Corp. will post 11.67 EPS for the current year.

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.