PVH Corp. (NYSE:PVH) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in PVH Corp. (NYSE:PVH) by 8.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,399 shares of the textile maker’s stock after selling 3,402 shares during the quarter. Mutual of America Capital Management LLC’s holdings in PVH were worth $4,567,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of PVH. Alliancebernstein L.P. lifted its holdings in PVH by 943.4% in the 2nd quarter. Alliancebernstein L.P. now owns 1,353,450 shares of the textile maker’s stock valued at $115,003,000 after acquiring an additional 1,223,733 shares during the last quarter. FMR LLC lifted its holdings in PVH by 15.9% in the 3rd quarter. FMR LLC now owns 7,198,557 shares of the textile maker’s stock valued at $550,762,000 after acquiring an additional 987,957 shares during the last quarter. Norges Bank acquired a new stake in PVH in the 4th quarter valued at about $32,359,000. Balyasny Asset Management LLC acquired a new stake in PVH in the 3rd quarter valued at about $14,439,000. Finally, Two Sigma Investments LP purchased a new stake in PVH during the first quarter valued at about $20,584,000. 97.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other PVH news, EVP James Holmes sold 3,000 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $108.39, for a total transaction of $325,170.00. Following the transaction, the executive vice president now owns 13,904 shares in the company, valued at $1,507,054.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.78% of the stock is currently owned by corporate insiders.

PVH Trading Up 0.7 %

NYSE:PVH opened at $106.33 on Tuesday. The stock’s 50 day moving average price is $128.16 and its 200 day moving average price is $108.90. PVH Corp. has a 52 week low of $69.27 and a 52 week high of $141.15. The company has a market capitalization of $6.13 billion, a P/E ratio of 9.80, a P/E/G ratio of 1.01 and a beta of 2.20. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.66 and a current ratio of 1.18.

PVH (NYSE:PVH) last released its quarterly earnings data on Tuesday, April 2nd. The textile maker reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.21. PVH had a return on equity of 12.96% and a net margin of 7.20%. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the company posted $2.38 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. On average, research analysts forecast that PVH Corp. will post 10.9 EPS for the current fiscal year.

PVH declared that its Board of Directors has approved a stock repurchase plan on Monday, April 1st that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the textile maker to reacquire up to 24% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. PVH’s dividend payout ratio is currently 1.38%.

Analyst Ratings Changes

A number of analysts have commented on PVH shares. Wedbush raised shares of PVH from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $113.00 to $128.00 in a research note on Monday. Bank of America reduced their price objective on shares of PVH from $156.00 to $122.00 and set a “buy” rating for the company in a research note on Wednesday, April 3rd. Guggenheim upped their price objective on shares of PVH from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. UBS Group upped their price objective on shares of PVH from $158.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Finally, Barclays reduced their price objective on shares of PVH from $157.00 to $149.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.40.

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.