Cetera Investment Advisers Has $418,000 Stock Position in PVH Corp. $PVH

Cetera Investment Advisers lifted its holdings in shares of PVH Corp. (NYSE:PVH) by 63.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,468 shares of the textile maker’s stock after buying an additional 2,511 shares during the period. Cetera Investment Advisers’ holdings in PVH were worth $418,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Pzena Investment Management LLC increased its holdings in PVH by 15.1% in the 1st quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker’s stock worth $398,284,000 after purchasing an additional 807,301 shares in the last quarter. Voya Investment Management LLC increased its holdings in PVH by 29.4% in the 4th quarter. Voya Investment Management LLC now owns 679,762 shares of the textile maker’s stock worth $71,885,000 after purchasing an additional 154,295 shares in the last quarter. AQR Capital Management LLC increased its holdings in PVH by 128.6% in the 4th quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker’s stock worth $59,909,000 after purchasing an additional 318,731 shares in the last quarter. Northern Trust Corp increased its holdings in PVH by 29.1% in the 4th quarter. Northern Trust Corp now owns 549,642 shares of the textile maker’s stock worth $58,125,000 after purchasing an additional 124,022 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in PVH in the 4th quarter worth about $53,373,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

Insider Transactions at PVH

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

PVH Price Performance

NYSE:PVH opened at $76.77 on Monday. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 10.83, a P/E/G ratio of 1.58 and a beta of 1.84. PVH Corp. has a 52-week low of $59.28 and a 52-week high of $113.47. The stock has a fifty day moving average of $71.01 and a 200 day moving average of $72.96. 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 (NYSE:PVH) last issued 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 firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. PVH had a return on equity of 12.66% and a net margin of 4.63%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.45 earnings per share. On average, research analysts expect that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Wednesday, September 3rd. PVH’s payout ratio is currently 2.12%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. TD Cowen reaffirmed a “hold” rating and issued a $74.00 target price (down previously from $98.00) on shares of PVH in a report on Wednesday, July 9th. JPMorgan Chase & Co. increased their price target on PVH from $76.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Evercore ISI decreased their price target on PVH from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Thursday, June 5th. Wells Fargo & Company decreased 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, Morgan Stanley cut their target price on PVH from $86.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Friday, June 6th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.40.

PVH 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.