PVH Corp. (NYSE:PVH) Shares Sold by Signaturefd LLC

Signaturefd LLC reduced its stake in shares of PVH Corp. (NYSE:PVH) by 15.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,558 shares of the textile maker’s stock after selling 276 shares during the quarter. Signaturefd LLC’s holdings in PVH were worth $190,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Lindbrook Capital LLC lifted its stake in shares of PVH by 26.8% during the fourth quarter. Lindbrook Capital LLC now owns 521 shares of the textile maker’s stock worth $64,000 after buying an additional 110 shares during the period. Treasurer of the State of North Carolina raised its holdings in shares of PVH by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 27,389 shares of the textile maker’s stock worth $2,096,000 after purchasing an additional 140 shares during the last quarter. Natixis Advisors L.P. raised its holdings in shares of PVH by 1.3% during the third quarter. Natixis Advisors L.P. now owns 13,229 shares of the textile maker’s stock worth $1,012,000 after purchasing an additional 165 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of PVH by 3.5% during the third quarter. HighTower Advisors LLC now owns 5,472 shares of the textile maker’s stock worth $419,000 after purchasing an additional 185 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of PVH by 1.4% during the third quarter. Arizona State Retirement System now owns 17,857 shares of the textile maker’s stock worth $1,366,000 after purchasing an additional 242 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on PVH shares. TD Cowen raised their target price on shares of PVH from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Barclays reduced their target price 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. Wedbush raised shares of PVH from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $113.00 to $128.00 in a report on Monday, April 15th. Wells Fargo & Company cut their price objective on shares of PVH from $150.00 to $138.00 and set an “overweight” rating for the company in a report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of PVH from $146.00 to $157.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, PVH has a consensus rating of “Moderate Buy” and a consensus target price of $129.40.

Insider Buying and Selling

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

PVH Stock Up 0.2 %

PVH stock opened at $111.03 on Friday. The stock has a market capitalization of $6.41 billion, a P/E ratio of 10.23, a P/E/G ratio of 1.06 and a beta of 2.20. The firm has a 50-day simple moving average of $125.01 and a 200-day simple moving average of $110.90. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.31. PVH Corp. has a 52 week low of $69.27 and a 52 week high of $141.15.

PVH (NYSE:PVH) last released 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. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.38 earnings per share. Equities analysts forecast that PVH Corp. will post 10.93 earnings per share for the current fiscal year.

PVH Dividend Announcement

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

PVH declared that its board has authorized a share repurchase program on Monday, April 1st that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the textile maker to repurchase up to 24% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

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.