Cetera Investment Advisers Raises Stake in PVH Corp. $PVH

Cetera Investment Advisers boosted its holdings in PVH Corp. (NYSE:PVH) by 63.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,468 shares of the textile maker’s stock after acquiring an additional 2,511 shares during the quarter. Cetera Investment Advisers’ holdings in PVH were worth $418,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PVH. Avantax Advisory Services Inc. increased its position in shares of PVH by 5.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 3,855 shares of the textile maker’s stock valued at $249,000 after purchasing an additional 207 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of PVH during the 1st quarter valued at about $1,909,000. South Dakota Investment Council increased its position in shares of PVH by 44.0% during the 1st quarter. South Dakota Investment Council now owns 150,199 shares of the textile maker’s stock valued at $9,709,000 after purchasing an additional 45,864 shares during the last quarter. Pzena Investment Management LLC boosted its holdings in PVH by 15.1% during the 1st quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker’s stock valued at $398,284,000 after acquiring an additional 807,301 shares during the period. Finally, Easterly Investment Partners LLC boosted its holdings in PVH by 35.0% during the 1st quarter. Easterly Investment Partners LLC now owns 19,393 shares of the textile maker’s stock valued at $1,254,000 after acquiring an additional 5,031 shares during the period. 97.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PVH has been the subject of a number of research analyst reports. Evercore ISI lowered their target price on PVH from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Thursday, June 5th. JPMorgan Chase & Co. raised their target price on PVH from $76.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. TD Cowen restated a “hold” rating and issued a $74.00 target price (down previously from $98.00) on shares of PVH in a research note on Wednesday, July 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $115.00 price objective on shares of PVH in a research report on Thursday, June 5th. Finally, UBS Group reduced their price objective on PVH from $150.00 to $146.00 and set a “buy” rating for the company in a research report on Friday, June 6th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, PVH has a consensus rating of “Moderate Buy” and a consensus target price of $93.40.

Insider Buying and Selling at PVH

In other PVH news, Director Jesper Andersen purchased 600 shares of the company’s stock in a transaction 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 in the company, valued at approximately $48,649.60. The trade was a 441.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stefan Larsson acquired 15,645 shares of the firm’s stock in a transaction dated Thursday, June 26th. The shares were purchased at an average cost of $63.92 per share, with a total value of $1,000,028.40. Following the completion of the transaction, the chief executive officer owned 269,438 shares in the company, valued at approximately $17,222,476.96. The trade was a 6.16% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

PVH Trading Up 0.9%

PVH opened at $76.77 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.11 and a quick ratio of 0.53. The company’s 50 day simple moving average is $71.01 and its two-hundred day simple moving average is $72.96. PVH Corp. has a 1-year low of $59.28 and a 1-year high of $113.47. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 1.58 and a beta of 1.84.

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 analysts’ consensus estimates of $2.24 by $0.06. The business 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 business’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.45 EPS. Analysts expect that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be paid a $0.0375 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. 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.