Xponance Inc. Lowers Position in PVH Corp. (NYSE:PVH)

Xponance Inc. cut its holdings in PVH Corp. (NYSE:PVH) by 6.4% during the 4th quarter, Holdings Channel reports. The firm owned 7,612 shares of the textile maker’s stock after selling 519 shares during the period. Xponance Inc.’s holdings in PVH were worth $930,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PVH. SG Americas Securities LLC increased its stake in shares of 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 during the period. Oak Thistle LLC bought a new stake in PVH in the third quarter valued at $460,000. Asset Management One Co. Ltd. bought a new position in PVH in the 3rd quarter worth $901,000. Mackenzie Financial Corp lifted its position in shares of PVH by 386.4% in the 3rd quarter. Mackenzie Financial Corp now owns 31,869 shares of the textile maker’s stock worth $2,278,000 after purchasing an additional 25,317 shares during the period. Finally, Strs Ohio increased its position in shares of PVH by 9.6% during the third quarter. Strs Ohio now owns 19,906 shares of the textile maker’s stock valued at $1,523,000 after buying an additional 1,740 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Insider Activity at PVH

In other PVH news, EVP James Holmes sold 3,000 shares of PVH stock in a transaction that occurred on 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 owns 13,904 shares of the company’s stock, valued at approximately $1,507,054.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.78% of the stock is owned by insiders.

PVH Price Performance

Shares of PVH opened at $110.78 on Friday. The company has a market capitalization of $6.39 billion, a P/E ratio of 10.21, a price-to-earnings-growth ratio of 1.08 and a beta of 2.20. PVH Corp. has a twelve month low of $69.27 and a twelve month high of $141.15. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average of $125.43 and a 200 day moving average of $110.38.

PVH (NYSE:PVH) last posted its earnings results 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 business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the company earned $2.38 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. As a group, equities research analysts anticipate that PVH Corp. will post 10.93 earnings per share for the current fiscal year.

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

PVH Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have commented on PVH shares. Barclays lowered their price objective on shares of 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 price target on PVH from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. TD Cowen raised their price objective on PVH from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Citigroup reduced their target price on shares of PVH from $139.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 3rd. Finally, Morgan Stanley lowered their price target on shares of PVH from $134.00 to $110.00 and set an “equal weight” rating for the company 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. Based on data from MarketBeat, the stock presently 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.