PVH Corp. (NYSE:PVH) Stock Holdings Trimmed by Cwm LLC

Cwm LLC lessened its holdings in shares of PVH Corp. (NYSE:PVH) by 18.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 825 shares of the textile maker’s stock after selling 191 shares during the quarter. Cwm LLC’s holdings in PVH were worth $101,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of PVH. Lindbrook Capital LLC lifted its holdings in PVH by 26.8% in the fourth quarter. Lindbrook Capital LLC now owns 521 shares of the textile maker’s stock worth $64,000 after purchasing an additional 110 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of PVH by 7.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,009 shares of the textile maker’s stock worth $1,589,000 after buying an additional 930 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of PVH by 223.0% in the 4th quarter. Mackenzie Financial Corp now owns 102,929 shares of the textile maker’s stock worth $12,570,000 after acquiring an additional 71,060 shares during the period. Lecap Asset Management Ltd. acquired a new position in shares of PVH during the fourth quarter valued at approximately $1,895,000. Finally, Louisiana State Employees Retirement System bought a new stake in PVH during the fourth quarter worth approximately $2,076,000. Institutional investors own 97.25% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on PVH. Guggenheim lifted their price target on PVH from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Jefferies Financial Group assumed coverage on PVH in a report on Tuesday, April 30th. They set a “hold” rating and a $115.00 target price on the stock. TD Cowen upped their price target on shares of PVH from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Barclays lowered their price objective on shares of PVH from $157.00 to $149.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. Finally, Citigroup cut their target price on shares of PVH from $139.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $128.50.

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 directly owns 13,904 shares in the company, valued at $1,507,054.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.78% of the stock is currently owned by company insiders.

PVH Stock Performance

PVH stock opened at $114.57 on Tuesday. The stock has a market cap of $6.61 billion, a P/E ratio of 10.56, a P/E/G ratio of 1.08 and a beta of 2.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.66 and a current ratio of 1.18. The firm has a 50 day simple moving average of $122.87 and a 200 day simple moving average of $112.49. PVH Corp. has a 52 week low of $69.27 and a 52 week high of $141.15.

PVH (NYSE:PVH) last posted its quarterly earnings results on Tuesday, April 2nd. The textile maker reported $3.72 EPS for the quarter, beating the consensus estimate of $3.51 by $0.21. The business had revenue of $2.49 billion for 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%. PVH’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $2.38 EPS. Research analysts anticipate that PVH Corp. will post 10.92 earnings per share for the current fiscal year.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. PVH’s dividend payout ratio is 1.38%.

PVH announced that its board has initiated a stock repurchase plan on Monday, April 1st that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the textile maker to reacquire up to 24% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are 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.