PVH Corp. (NYSE:PVH) Short Interest Update

PVH Corp. (NYSE:PVH) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 1,490,000 shares, a decrease of 14.4% from the March 31st total of 1,740,000 shares. Currently, 2.6% of the company’s stock are sold short. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is currently 1.5 days.

Insider Transactions at PVH

In other news, EVP James Holmes sold 3,000 shares of the company’s 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 of the company’s stock, valued at $1,507,054.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.78% of the company’s stock.

Institutional Trading of PVH

Several large investors have recently modified their holdings of PVH. Wedge Capital Management L L P NC acquired a new stake in PVH during the fourth quarter worth approximately $45,911,000. Citigroup Inc. boosted its holdings in shares of PVH by 13.1% in the 3rd quarter. Citigroup Inc. now owns 18,020 shares of the textile maker’s stock valued at $1,379,000 after purchasing an additional 2,092 shares during the last quarter. UBS Group AG boosted its holdings in shares of PVH by 72.7% in the 3rd quarter. UBS Group AG now owns 133,499 shares of the textile maker’s stock valued at $10,214,000 after purchasing an additional 56,193 shares during the last quarter. Teza Capital Management LLC boosted its holdings in shares of PVH by 167.5% in the 3rd quarter. Teza Capital Management LLC now owns 11,629 shares of the textile maker’s stock valued at $890,000 after purchasing an additional 7,282 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new position in shares of PVH in the 3rd quarter valued at $367,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of PVH from $146.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Barclays decreased 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. 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. Wells Fargo & Company decreased their price objective on shares of PVH from $150.00 to $138.00 and set an “overweight” rating for the company in a research note on Tuesday, April 2nd. Finally, Wedbush upgraded 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, April 15th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $129.40.

PVH Price Performance

Shares of PVH opened at $111.03 on Monday. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 1.06 and a beta of 2.20. PVH has a fifty-two week low of $69.27 and a fifty-two week high of $141.15. The firm has a 50-day simple moving average of $125.01 and a 200-day simple moving average of $111.15. 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 posted its quarterly 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 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 firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $2.38 earnings per share. On average, equities research analysts anticipate that PVH will post 10.93 earnings per share for the current year.

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 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 (DPR) is presently 1.38%.

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

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.