KBC Group NV Purchases New Shares in PVH Corp. (NYSE:PVH)

KBC Group NV purchased a new stake in PVH Corp. (NYSE:PVHFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,188 shares of the textile maker’s stock, valued at approximately $145,000.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of PVH by 2,600.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock valued at $33,000 after buying an additional 260 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of PVH during the 4th quarter valued at $38,000. Lindbrook Capital LLC boosted its holdings in shares of PVH by 26.8% during the 4th quarter. Lindbrook Capital LLC now owns 521 shares of the textile maker’s stock valued at $64,000 after buying an additional 110 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of PVH by 15.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 810 shares of the textile maker’s stock valued at $99,000 after buying an additional 110 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in shares of PVH by 12.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,036 shares of the textile maker’s stock valued at $127,000 after buying an additional 115 shares in the last quarter. Institutional investors own 97.25% of the company’s stock.

PVH Price Performance

NYSE PVH opened at $120.53 on Tuesday. PVH Corp. has a 52 week low of $69.27 and a 52 week high of $141.15. The firm has a market capitalization of $6.82 billion, a P/E ratio of 10.67, a PEG ratio of 0.94 and a beta of 2.15. 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 company has a 50-day moving average price of $112.81 and a 200-day moving average price of $119.49.

PVH (NYSE:PVHGet Free Report) last released its quarterly earnings results on Tuesday, June 4th. The textile maker reported $2.45 EPS for the quarter, beating the consensus estimate of $2.14 by $0.31. PVH had a net margin of 7.53% and a return on equity of 13.13%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the prior year, the firm earned $2.14 EPS. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. Equities research analysts anticipate that PVH Corp. will post 11.18 earnings per share for the current year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend is Wednesday, June 5th. PVH’s dividend payout ratio is 1.33%.

PVH declared that its board 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 purchase up to 24% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Bank of America boosted their target price on shares of PVH from $122.00 to $144.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Barclays upped their price target on shares of PVH from $149.00 to $154.00 and gave the stock an “overweight” rating in a research note on Thursday, June 6th. JPMorgan Chase & Co. upped their price target 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. Morgan Stanley upped their price target on shares of PVH from $110.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 6th. Finally, Jefferies Financial Group assumed 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. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $133.81.

View Our Latest Research Report on PVH

Insiders Place Their Bets

In other news, EVP James Holmes sold 3,000 shares of the 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 in the company, valued at approximately $1,507,054.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

PVH Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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