M&T Bank Corp Buys 1,837 Shares of PVH Corp. (NYSE:PVH)

M&T Bank Corp boosted its stake in shares of PVH Corp. (NYSE:PVH) by 55.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,139 shares of the textile maker’s stock after buying an additional 1,837 shares during the period. M&T Bank Corp’s holdings in PVH were worth $332,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its stake in PVH by 2.3% during the first quarter. State of Alaska Department of Revenue now owns 6,517 shares of the textile maker’s stock worth $421,000 after buying an additional 149 shares during the period. Treasurer of the State of North Carolina raised its position in PVH by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker’s stock valued at $2,579,000 after purchasing an additional 150 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in PVH by 0.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker’s stock worth $3,248,000 after acquiring an additional 152 shares during the period. Signaturefd LLC raised its stake in shares of PVH by 11.0% during the 4th quarter. Signaturefd LLC now owns 1,569 shares of the textile maker’s stock worth $166,000 after buying an additional 156 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of PVH by 8.9% during the 1st quarter. Parallel Advisors LLC now owns 1,973 shares of the textile maker’s stock worth $128,000 after buying an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Price Performance

NYSE PVH opened at $71.65 on Friday. The firm’s fifty day simple moving average is $73.89 and its two-hundred day simple moving average is $76.72. The firm has a market capitalization of $3.44 billion, a P/E ratio of 10.11, a P/E/G ratio of 1.47 and a beta of 1.81. The company has a current ratio of 1.11, a quick ratio of 0.53 and a debt-to-equity ratio of 0.37. PVH Corp. has a 12-month low of $59.28 and a 12-month high of $113.47.

PVH (NYSE:PVH) last posted its quarterly earnings data on Wednesday, June 4th. The textile maker reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.06. PVH had a return on equity of 12.66% and a net margin of 4.63%. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the previous year, the business earned $2.45 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. Analysts forecast that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

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

Wall Street Analyst Weigh In

PVH has been the subject of several recent research reports. Cowen reissued a “buy” rating on shares of PVH in a research report on Friday, June 6th. Jefferies Financial Group raised PVH from a “hold” rating to a “buy” rating and boosted their target price for the stock from $70.00 to $105.00 in a report on Wednesday, May 14th. UBS Group reduced their target price on PVH from $150.00 to $146.00 and set a “buy” rating for the company in a report on Friday, June 6th. Wells Fargo & Company lowered their price target 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. Finally, Wall Street Zen upgraded shares of PVH from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, PVH currently has an average rating of “Moderate Buy” and a consensus target price of $94.20.

Insider Buying and Selling at PVH

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

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.