PVH Corp. (NYSE:PVH) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its position in PVH Corp. (NYSE:PVH) by 22.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,030 shares of the textile maker’s stock after acquiring an additional 2,230 shares during the period. Advisors Asset Management Inc.’s holdings in PVH were worth $1,692,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in PVH by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,069,531 shares of the textile maker’s stock worth $374,855,000 after purchasing an additional 115,731 shares during the period. LSV Asset Management raised its stake in shares of PVH by 1.3% during the 4th quarter. LSV Asset Management now owns 809,930 shares of the textile maker’s stock worth $98,909,000 after buying an additional 10,194 shares during the period. Principal Financial Group Inc. lifted its position in shares of PVH by 234.1% during the 1st quarter. Principal Financial Group Inc. now owns 741,151 shares of the textile maker’s stock valued at $104,213,000 after buying an additional 519,316 shares in the last quarter. Victory Capital Management Inc. grew its stake in PVH by 28.6% in the 4th quarter. Victory Capital Management Inc. now owns 624,132 shares of the textile maker’s stock valued at $76,219,000 after acquiring an additional 138,952 shares during the period. Finally, Channing Capital Management LLC increased its holdings in PVH by 648.1% in the 4th quarter. Channing Capital Management LLC now owns 581,289 shares of the textile maker’s stock worth $70,987,000 after acquiring an additional 503,586 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Stock Up 3.0 %

Shares of NYSE PVH opened at $100.05 on Friday. The company has a market capitalization of $5.59 billion, a P/E ratio of 8.85, a P/E/G ratio of 0.78 and a beta of 2.14. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.55 and a quick ratio of 0.83. The company has a 50 day simple moving average of $110.47 and a 200-day simple moving average of $118.27. PVH Corp. has a 1 year low of $69.27 and a 1 year high of $141.15.

PVH (NYSE:PVH) last posted its earnings results on Tuesday, June 4th. The textile maker reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.31. PVH had a return on equity of 13.14% and a net margin of 7.53%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter last year, the firm earned $2.14 earnings per share. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, equities research analysts predict that PVH Corp. will post 11.23 earnings per share for the current year.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.15%. The ex-dividend date was Wednesday, June 5th. PVH’s dividend payout ratio (DPR) is presently 1.33%.

PVH declared that its Board of Directors has approved a stock repurchase program on Monday, April 1st that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the textile maker to repurchase up to 24% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. TD Cowen decreased their price objective on shares of PVH from $154.00 to $149.00 and set a “buy” rating on the stock in a report on Thursday. StockNews.com upgraded PVH from a “buy” rating to a “strong-buy” rating in a report on Friday, July 12th. Morgan Stanley increased their target price on PVH from $110.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, June 6th. Telsey Advisory Group reiterated an “outperform” rating and set a $140.00 price target on shares of PVH in a research report on Thursday, June 6th. Finally, Wells Fargo & Company raised their price objective on PVH from $138.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, June 6th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $133.50.

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.