PVH Corp. (NYSE:PVH) Shares Sold by Cwm LLC

Cwm LLC cut its stake in shares of PVH Corp. (NYSE:PVH) by 18.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 825 shares of the textile maker’s stock after selling 191 shares during the period. Cwm LLC’s holdings in PVH were worth $101,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PVH. Lindbrook Capital LLC increased its holdings in PVH by 26.8% in the 4th quarter. Lindbrook Capital LLC now owns 521 shares of the textile maker’s stock valued at $64,000 after purchasing an additional 110 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of PVH by 7.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,009 shares of the textile maker’s stock valued at $1,589,000 after buying an additional 930 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of PVH by 223.0% in the 4th quarter. Mackenzie Financial Corp now owns 102,929 shares of the textile maker’s stock valued at $12,570,000 after buying an additional 71,060 shares during the period. Lecap Asset Management Ltd. acquired a new position in PVH during the 4th quarter worth about $1,895,000. Finally, Louisiana State Employees Retirement System purchased a new position in PVH during the 4th quarter valued at about $2,076,000. 97.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PVH shares. UBS Group increased their price target on shares of PVH from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Wedbush upgraded shares of PVH from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $113.00 to $128.00 in a report on Monday, April 15th. Telsey Advisory Group dropped their price target on shares of PVH from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Tuesday, April 2nd. Morgan Stanley reduced their price objective on PVH from $134.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 3rd. Finally, Wells Fargo & Company lowered their target price on PVH from $150.00 to $138.00 and set an “overweight” rating for the company in a research note on Tuesday, April 2nd. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.50.

PVH Trading Up 1.2 %

NYSE PVH opened at $114.57 on Tuesday. The firm’s fifty day moving average price is $122.87 and its 200 day moving average price is $112.49. PVH Corp. has a 12 month low of $69.27 and a 12 month high of $141.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 0.66. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 1.08 and a beta of 2.24.

PVH (NYSE:PVH) last released its quarterly earnings data on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.21. PVH had a net margin of 7.20% and a return on equity of 12.96%. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the firm posted $2.38 earnings per share. PVH’s revenue for the quarter was up .0% on a year-over-year basis. On average, sell-side analysts expect that PVH Corp. will post 10.92 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th 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 is Wednesday, June 5th. PVH’s dividend payout ratio is currently 1.38%.

PVH declared that its Board of Directors has authorized a stock repurchase plan on Monday, April 1st that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the textile maker to purchase up to 24% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other news, EVP James Holmes sold 3,000 shares of PVH stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $108.39, for a total value of $325,170.00. Following the transaction, the executive vice president now directly owns 13,904 shares of the company’s stock, valued at approximately $1,507,054.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.78% of the company’s stock.

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.