Jackson Creek Investment Advisors LLC Invests $963,000 in PVH Corp. (NYSE:PVH)

Jackson Creek Investment Advisors LLC acquired a new position in PVH Corp. (NYSE:PVH) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,885 shares of the textile maker’s stock, valued at approximately $963,000.

Several other institutional investors have also recently made changes to their positions in PVH. Lindbrook Capital LLC grew its position in shares of PVH by 26.8% during the fourth quarter. Lindbrook Capital LLC now owns 521 shares of the textile maker’s stock worth $64,000 after purchasing an additional 110 shares in the last quarter. Treasurer of the State of North Carolina grew its position in shares of PVH by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 27,389 shares of the textile maker’s stock worth $2,096,000 after purchasing an additional 140 shares in the last quarter. Natixis Advisors L.P. grew its holdings in PVH by 1.3% during the 3rd quarter. Natixis Advisors L.P. now owns 13,229 shares of the textile maker’s stock valued at $1,012,000 after buying an additional 165 shares in the last quarter. HighTower Advisors LLC grew its holdings in PVH by 3.5% during the 3rd quarter. HighTower Advisors LLC now owns 5,472 shares of the textile maker’s stock valued at $419,000 after buying an additional 185 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in PVH by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 17,857 shares of the textile maker’s stock valued at $1,366,000 after buying an additional 242 shares in the last quarter. Institutional investors own 97.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PVH shares. Citigroup lowered their price objective on PVH from $139.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. raised their price target on PVH from $146.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. UBS Group lifted their target price on PVH from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Morgan Stanley decreased their target price on PVH from $134.00 to $110.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 3rd. Finally, TD Cowen lifted their target price on PVH from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, PVH currently has an average rating of “Moderate Buy” and a consensus target price of $128.50.

PVH Stock Down 3.6 %

PVH stock traded down $4.10 on Tuesday, hitting $108.80. 847,289 shares of the company’s stock were exchanged, compared to its average volume of 973,130. PVH Corp. has a 12-month low of $69.27 and a 12-month high of $141.15. The firm has a 50 day moving average price of $124.64 and a two-hundred day moving average price of $111.45. 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 stock has a market cap of $6.28 billion, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 1.06 and a beta of 2.20.

PVH (NYSE:PVH) last announced its earnings results on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.21. PVH had a return on equity of 12.96% and a net margin of 7.20%. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the business earned $2.38 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. As a group, equities research analysts expect that PVH Corp. will post 10.93 EPS for the current fiscal year.

PVH Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.15 annualized dividend and a yield of 0.14%. PVH’s payout ratio is presently 1.38%.

PVH declared that its Board of Directors has initiated a stock buyback plan on Monday, April 1st that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the textile maker to buy up to 24% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at PVH

In other PVH news, EVP James Holmes sold 3,000 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $108.39, for a total transaction of $325,170.00. Following the sale, the executive vice president now owns 13,904 shares in the company, valued at approximately $1,507,054.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company 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.