Zurcher Kantonalbank Zurich Cantonalbank increased its position in PVH Corp (NYSE:PVH) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,288 shares of the textile maker’s stock after acquiring an additional 577 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in PVH were worth $1,986,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Squar Milner Financial Services LLC increased its stake in PVH by 7.4% during the 1st quarter. Squar Milner Financial Services LLC now owns 1,534 shares of the textile maker’s stock valued at $187,000 after buying an additional 106 shares during the period. SRS Capital Advisors Inc. boosted its holdings in shares of PVH by 15.2% in the fourth quarter. SRS Capital Advisors Inc. now owns 994 shares of the textile maker’s stock worth $92,000 after buying an additional 131 shares during the period. ETF Managers Group LLC boosted its holdings in shares of PVH by 18.7% in the fourth quarter. ETF Managers Group LLC now owns 882 shares of the textile maker’s stock worth $82,000 after buying an additional 139 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of PVH by 5.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,703 shares of the textile maker’s stock worth $251,000 after buying an additional 150 shares during the period. Finally, First Hawaiian Bank boosted its holdings in shares of PVH by 2.5% in the fourth quarter. First Hawaiian Bank now owns 6,340 shares of the textile maker’s stock worth $589,000 after buying an additional 155 shares during the period. 95.70% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Francis K. Duane sold 6,171 shares of PVH stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $127.27, for a total value of $785,383.17. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Dana Perlman sold 1,054 shares of PVH stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $128.92, for a total transaction of $135,881.68. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.
Several research firms recently commented on PVH. Zacks Investment Research cut shares of PVH from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Piper Jaffray Companies raised their price target on shares of PVH from $140.00 to $146.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Royal Bank of Canada raised their price target on shares of PVH to $145.00 and gave the stock an “outperform” rating in a report on Friday, March 29th. Credit Suisse Group raised their price target on shares of PVH from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Finally, DA Davidson raised their price target on shares of PVH to $150.00 and gave the stock a “buy” rating in a report on Friday, March 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. PVH has an average rating of “Buy” and a consensus price target of $146.40.
NYSE PVH traded down $2.99 during trading on Thursday, reaching $118.45. The company’s stock had a trading volume of 13,075 shares, compared to its average volume of 1,094,334. The company has a quick ratio of 0.80, a current ratio of 1.71 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $9.56 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 1.01 and a beta of 1.09. PVH Corp has a 1-year low of $86.46 and a 1-year high of $169.22.
PVH (NYSE:PVH) last posted its earnings results on Wednesday, March 27th. The textile maker reported $1.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.76 by $0.08. The firm had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.41 billion. PVH had a net margin of 7.73% and a return on equity of 13.12%. The company’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.58 earnings per share. As a group, equities analysts anticipate that PVH Corp will post 10.44 EPS for the current year.
PVH declared that its board has approved a share buyback plan on Wednesday, March 27th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the textile maker to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend is Tuesday, May 21st. PVH’s dividend payout ratio (DPR) is presently 1.56%.
PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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