PVH Corp. (NYSE:PVH) Shares Acquired by Raymond James & Associates

Raymond James & Associates increased its stake in PVH Corp. (NYSE:PVH) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,261 shares of the textile maker’s stock after acquiring an additional 265 shares during the period. Raymond James & Associates’ holdings in PVH were worth $642,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PVH. SG Americas Securities LLC lifted its position in PVH by 26.9% during the third quarter. SG Americas Securities LLC now owns 2,304 shares of the textile maker’s stock valued at $176,000 after buying an additional 488 shares in the last quarter. Oak Thistle LLC acquired a new position in PVH during the third quarter valued at approximately $460,000. Asset Management One Co. Ltd. acquired a new position in PVH during the third quarter valued at approximately $901,000. Xponance Inc. lifted its position in PVH by 5.7% during the third quarter. Xponance Inc. now owns 8,131 shares of the textile maker’s stock valued at $622,000 after buying an additional 441 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in PVH by 386.4% during the third quarter. Mackenzie Financial Corp now owns 31,869 shares of the textile maker’s stock valued at $2,278,000 after buying an additional 25,317 shares in the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Stock Up 0.2 %

PVH stock opened at $112.87 on Thursday. The company has a 50-day simple moving average of $125.77 and a 200-day simple moving average of $110.38. The firm has a market capitalization of $6.51 billion, a P/E ratio of 10.40, a P/E/G ratio of 1.04 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 Corp. has a one year low of $69.27 and a one year high of $141.15.

PVH (NYSE:PVH) last posted its quarterly earnings data on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.21. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.42 billion. PVH had a net margin of 7.20% and a return on equity of 12.96%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.38 earnings per share. As a group, equities analysts expect that PVH Corp. will post 10.93 earnings per share for the current year.

PVH announced that its board has approved a share repurchase plan on Monday, April 1st that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the textile maker to purchase up to 24% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend was Tuesday, March 5th. PVH’s payout ratio is 1.38%.

Insider Buying and Selling at PVH

In other PVH news, EVP James Holmes sold 3,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $108.39, for a total value of $325,170.00. Following the completion of the sale, the executive vice president now directly owns 13,904 shares of the company’s stock, valued at approximately $1,507,054.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.78% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PVH has been the topic of a number of recent research reports. Barclays reduced their price target on shares of PVH from $157.00 to $149.00 and set an “overweight” rating on the stock in a research report on Thursday, April 4th. Wells Fargo & Company reduced their target price on shares of PVH from $150.00 to $138.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 2nd. Bank of America reduced their target price on shares of PVH from $156.00 to $122.00 and set a “buy” rating on the stock in a research report on Wednesday, April 3rd. UBS Group boosted their target price on shares of PVH from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Finally, Morgan Stanley reduced their target price on shares of PVH from $134.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 3rd. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $129.40.

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.