International Assets Investment Management LLC Has $4.49 Million Stock Position in PVH Corp. (NYSE:PVH)

International Assets Investment Management LLC increased its position in shares of PVH Corp. (NYSE:PVH) by 10,839.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 36,758 shares of the textile maker’s stock after purchasing an additional 36,422 shares during the period. International Assets Investment Management LLC’s holdings in PVH were worth $4,489,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP raised its stake in shares of PVH by 81.8% in the second quarter. Quarry LP now owns 320 shares of the textile maker’s stock worth $27,000 after purchasing an additional 144 shares during the last quarter. Belpointe Asset Management LLC raised its stake in shares of PVH by 39.8% in the first quarter. Belpointe Asset Management LLC now owns 492 shares of the textile maker’s stock worth $44,000 after purchasing an additional 140 shares during the last quarter. Atlas Capital Advisors LLC purchased a new stake in shares of PVH in the first quarter worth approximately $53,000. Covestor Ltd raised its stake in shares of PVH by 69.3% in the first quarter. Covestor Ltd now owns 596 shares of the textile maker’s stock worth $46,000 after purchasing an additional 244 shares during the last quarter. Finally, Planned Solutions Inc. purchased a new stake in shares of PVH in the fourth quarter worth approximately $130,000. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Price Performance

Shares of NYSE PVH opened at $107.57 on Wednesday. The stock has a fifty day simple moving average of $127.89 and a two-hundred day simple moving average of $109.12. PVH Corp. has a 1-year low of $69.27 and a 1-year high of $141.15. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 1.01 and a beta of 2.20. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 0.31.

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

PVH announced that its board has initiated a stock repurchase program 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 programs are typically an indication that the company’s board of directors believes its stock is undervalued.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. PVH’s dividend payout ratio is currently 1.38%.

Insiders Place Their Bets

In other PVH news, EVP James Holmes sold 3,000 shares of the stock in a transaction 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 sale, the executive vice president now owns 13,904 shares in the company, valued at $1,507,054.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PVH shares. Citigroup lowered their price objective on PVH from $139.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. Barclays reduced their target price on PVH from $157.00 to $149.00 and set an “overweight” rating for the company in a report on Thursday, April 4th. Guggenheim upped their target price on PVH from $120.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. UBS Group upped their target price on PVH from $158.00 to $159.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Finally, Bank of America reduced their target price on PVH from $156.00 to $122.00 and set a “buy” rating for the company in a report on Wednesday, April 3rd. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $129.40.

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.