Bank of New York Mellon Corp Has $29.09 Million Holdings in PVH Corp. (NYSE:PVH)

Bank of New York Mellon Corp lessened its holdings in shares of PVH Corp. (NYSE:PVH) by 41.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 449,951 shares of the textile maker’s stock after selling 324,059 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.85% of PVH worth $29,085,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Proficio Capital Partners LLC acquired a new position in shares of PVH in the fourth quarter valued at approximately $41,000. Raymond James Financial Inc. bought a new stake in shares of PVH in the fourth quarter valued at approximately $4,923,000. HighTower Advisors LLC boosted its stake in shares of PVH by 65.7% in the fourth quarter. HighTower Advisors LLC now owns 9,145 shares of the textile maker’s stock valued at $967,000 after buying an additional 3,625 shares during the period. Swiss National Bank boosted its stake in shares of PVH by 0.6% in the fourth quarter. Swiss National Bank now owns 109,800 shares of the textile maker’s stock valued at $11,611,000 after buying an additional 700 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of PVH by 11.0% in the fourth quarter. Signaturefd LLC now owns 1,569 shares of the textile maker’s stock valued at $166,000 after buying an additional 156 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PVH shares. Cowen reiterated a “buy” rating on shares of PVH in a research note on Friday, June 6th. JPMorgan Chase & Co. boosted their price target on PVH from $87.00 to $99.00 and gave the company a “neutral” rating in a research note on Monday, May 19th. Barclays cut their price target on PVH from $87.00 to $83.00 and set an “overweight” rating for the company in a research note on Monday, June 9th. Citigroup reiterated a “neutral” rating and issued a $68.00 price target (down from $83.00) on shares of PVH in a research note on Monday, April 7th. Finally, Wells Fargo & Company cut their target price on PVH from $100.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, June 5th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $94.20.

Insiders Place Their Bets

In related news, CEO Stefan Larsson acquired 15,645 shares of the firm’s stock in a transaction that occurred on Thursday, June 26th. The stock was acquired at an average cost of $63.92 per share, for a total transaction of $1,000,028.40. Following the completion of the acquisition, the chief executive officer directly owned 269,438 shares of the company’s stock, valued at approximately $17,222,476.96. This trade represents a 6.16% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jesper Andersen acquired 600 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The stock was bought at an average price of $66.10 per share, with a total value of $39,660.00. Following the completion of the acquisition, the director directly owned 736 shares of the company’s stock, valued at $48,649.60. This trade represents a 441.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company’s stock.

PVH Stock Up 1.1%

Shares of NYSE:PVH opened at $71.41 on Thursday. The company has a fifty day moving average of $73.97 and a 200-day moving average of $76.95. The company has a market capitalization of $3.43 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 1.45 and a beta of 1.81. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.53 and a current ratio of 1.11. PVH Corp. has a 52-week low of $59.28 and a 52-week high of $113.47.

PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.06. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.93 billion. PVH had a net margin of 4.63% and a return on equity of 12.66%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.45 earnings per share. On average, equities analysts predict that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were issued a $0.0375 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a yield of 0.21%. PVH’s payout ratio is 2.12%.

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.