Sound Shore Management Inc. CT trimmed its holdings in PVH Corp. (NYSE:PVH - Free Report) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,001,563 shares of the textile maker's stock after selling 40,835 shares during the quarter. PVH comprises approximately 4.2% of Sound Shore Management Inc. CT's portfolio, making the stock its largest holding. Sound Shore Management Inc. CT owned approximately 1.68% of PVH worth $122,311,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of PVH. Lindbrook Capital LLC increased its holdings in shares of PVH by 26.8% during the 4th quarter. Lindbrook Capital LLC now owns 521 shares of the textile maker's stock worth $64,000 after buying an additional 110 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in PVH by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 27,389 shares of the textile maker's stock valued at $2,096,000 after purchasing an additional 140 shares during the last quarter. Natixis Advisors L.P. increased its holdings in PVH by 1.3% in the 3rd quarter. Natixis Advisors L.P. now owns 13,229 shares of the textile maker's stock valued at $1,012,000 after purchasing an additional 165 shares during the last quarter. HighTower Advisors LLC increased its holdings in PVH by 3.5% in the 3rd quarter. HighTower Advisors LLC now owns 5,472 shares of the textile maker's stock valued at $419,000 after purchasing an additional 185 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in PVH by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 17,857 shares of the textile maker's stock valued at $1,366,000 after purchasing an additional 242 shares during the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.
PVH Stock Performance
NYSE PVH traded down $1.39 during trading on Friday, reaching $114.01. The company's stock had a trading volume of 656,213 shares, compared to its average volume of 822,431. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.66 and a current ratio of 1.18. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of 10.51, a P/E/G ratio of 1.10 and a beta of 2.24. PVH Corp. has a twelve month low of $69.27 and a twelve month high of $141.15. The business's fifty day moving average price is $120.60 and its 200-day moving average price is $113.62.
PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings data on Tuesday, April 2nd. The textile maker reported $3.72 EPS for the quarter, beating analysts' consensus estimates of $3.51 by $0.21. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.42 billion. PVH had a net margin of 7.20% and a return on equity of 12.96%. PVH's quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business posted $2.38 earnings per share. As a group, analysts anticipate that PVH Corp. will post 10.92 EPS for the current fiscal year.
PVH declared that its Board of Directors has initiated a share repurchase program on Monday, April 1st that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the textile maker to purchase up to 24% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.
PVH Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th will be paid a dividend of $0.0375 per share. The ex-dividend date is Wednesday, June 5th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. PVH's dividend payout ratio (DPR) is 1.38%.
Insider Transactions at PVH
In other news, EVP James Holmes sold 3,000 shares of the business's stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $108.39, for a total transaction of $325,170.00. Following the transaction, the executive vice president now directly owns 13,904 shares in the company, valued at $1,507,054.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.78% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently weighed in on PVH. TD Cowen lifted their target price on shares of PVH from $150.00 to $160.00 and gave the company an "outperform" rating in a report on Wednesday, March 20th. JPMorgan Chase & Co. lifted their target price on shares of PVH from $146.00 to $157.00 and gave the company an "overweight" rating in a report on Monday, April 8th. Bank of America decreased their price target on shares of PVH from $156.00 to $122.00 and set a "buy" rating for the company in a research report on Wednesday, April 3rd. Jefferies Financial Group initiated coverage on shares of PVH in a research report on Tuesday, April 30th. They issued a "hold" rating and a $115.00 price target for the company. Finally, Morgan Stanley decreased their price target on shares of PVH from $134.00 to $110.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $128.50.
Get Our Latest Stock Report on PVH
PVH Company Profile
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Free Report)
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.
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