PVH Corp. (NYSE:PVH) Stock Holdings Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in shares of PVH Corp. (NYSE:PVH) by 2.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,632 shares of the textile maker’s stock after selling 851 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of PVH worth $1,851,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PVH. Proficio Capital Partners LLC purchased a new position in PVH during the fourth quarter valued at approximately $41,000. Raymond James Financial Inc. acquired a new position in PVH in the 4th quarter valued at $4,923,000. HighTower Advisors LLC grew its stake in PVH by 65.7% in the 4th 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 last quarter. Signaturefd LLC boosted its holdings in PVH by 11.0% in the 4th quarter. Signaturefd LLC now owns 1,569 shares of the textile maker’s stock valued at $166,000 after purchasing an additional 156 shares during the period. Finally, Xponance Inc. boosted its holdings in PVH by 8.5% in the 4th quarter. Xponance Inc. now owns 6,953 shares of the textile maker’s stock valued at $735,000 after purchasing an additional 542 shares during the period. 97.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PVH

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

PVH Stock Performance

Shares of PVH opened at $71.39 on Friday. The firm’s 50 day moving average price is $73.83 and its two-hundred day moving average price is $76.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.53 and a current ratio of 1.11. The firm has a market cap of $3.43 billion, a P/E ratio of 10.07, a PEG ratio of 1.47 and a beta of 1.81. PVH Corp. has a twelve month low of $59.28 and a twelve month high of $113.47.

PVH (NYSE:PVH) last issued its earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.06. The business had revenue of $1.98 billion for 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 firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.45 earnings per share. On average, analysts forecast that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on PVH. Jefferies Financial Group raised shares of PVH from a “hold” rating to a “buy” rating and raised their price objective for the stock from $70.00 to $105.00 in a report on Wednesday, May 14th. JPMorgan Chase & Co. lifted their price target on shares of PVH from $87.00 to $99.00 and gave the company a “neutral” rating in a report on Monday, May 19th. BMO Capital Markets lowered their price objective on shares of PVH from $93.00 to $84.00 and set a “market perform” rating for the company in a research report on Thursday, June 5th. Barclays lowered their price objective on shares of PVH from $87.00 to $83.00 and set an “overweight” rating for the company in a research report on Monday, June 9th. Finally, Wells Fargo & Company lowered their price objective on shares of PVH from $100.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, June 5th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.20.

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.