International Assets Investment Management LLC Purchases 36,422 Shares of PVH Corp. (NYSE:PVH)

International Assets Investment Management LLC lifted its position in PVH Corp. (NYSE:PVH) by 10,839.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,758 shares of the textile maker’s stock after acquiring an additional 36,422 shares during the quarter. International Assets Investment Management LLC’s holdings in PVH were worth $4,489,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in PVH. Planned Solutions Inc. purchased a new position in shares of PVH during the fourth quarter valued at approximately $130,000. SG Americas Securities LLC boosted its holdings in PVH by 26.9% during the 3rd quarter. SG Americas Securities LLC now owns 2,304 shares of the textile maker’s stock valued at $176,000 after acquiring an additional 488 shares during the period. NBC Securities Inc. bought a new position in PVH in the 3rd quarter valued at $223,000. Fox Run Management L.L.C. purchased a new stake in PVH in the third quarter worth $310,000. Finally, Pathstone Family Office LLC lifted its position in shares of PVH by 42.6% during the third quarter. Pathstone Family Office LLC now owns 4,270 shares of the textile maker’s stock worth $327,000 after purchasing an additional 1,275 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PVH has been the topic of several recent analyst reports. Jefferies Financial Group started coverage on shares of PVH in a research note on Tuesday, April 30th. They issued a “hold” rating and a $115.00 price target on the stock. Wells Fargo & Company dropped their price objective on PVH from $150.00 to $138.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 2nd. Bank of America decreased their target price on PVH from $156.00 to $122.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. TD Cowen raised their price target on PVH from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Finally, JPMorgan Chase & Co. upped their price objective 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. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.50.

Insider Activity at PVH

In other news, EVP James Holmes sold 3,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, 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 SEC, which is available at this link. 0.78% of the stock is owned by company insiders.

PVH Trading Up 0.3 %

NYSE:PVH opened at $113.94 on Thursday. The firm has a fifty day simple moving average of $121.50 and a 200-day simple moving average of $113.06. PVH Corp. has a 12 month low of $69.27 and a 12 month high of $141.15. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $6.57 billion, a P/E ratio of 10.50, a PEG ratio of 1.08 and a beta of 2.24.

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 analysts’ consensus estimates of $3.51 by $0.21. PVH had a net margin of 7.20% and a return on equity of 12.96%. The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period last year, the firm posted $2.38 EPS. PVH’s revenue for the quarter was up .0% compared to the same quarter last year. On average, equities research analysts anticipate that PVH Corp. will post 10.92 earnings per share for the current year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th will be given a $0.0375 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $0.15 annualized dividend and a yield of 0.13%. PVH’s dividend payout ratio is presently 1.38%.

PVH declared that its Board of Directors 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 buy up to 24% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are 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.