PVH Corp. (NYSE:PVH) Shares Purchased by Quadrant Capital Group LLC

Quadrant Capital Group LLC lifted its position in shares of PVH Corp. (NYSE:PVH) by 12.5% during the fourth quarter, HoldingsChannel reports. The firm owned 1,036 shares of the textile maker’s stock after purchasing an additional 115 shares during the quarter. Quadrant Capital Group LLC’s holdings in PVH were worth $127,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in shares of PVH by 2,600.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock worth $33,000 after purchasing an additional 260 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of PVH during the fourth quarter worth $38,000. Lindbrook Capital LLC lifted 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. Planned Solutions Inc. acquired a new position in shares of PVH during the fourth quarter worth $130,000. Finally, Intrust Bank NA acquired a new position in shares of PVH during the fourth quarter worth $202,000. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Stock Down 2.5 %

PVH stock opened at $111.27 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 0.66. PVH Corp. has a 1-year low of $69.27 and a 1-year high of $141.15. The firm has a fifty day moving average price of $117.41 and a two-hundred day moving average price of $115.86. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 1.09 and a beta of 2.24.

PVH (NYSE:PVH) last released its quarterly earnings results on Tuesday, April 2nd. The textile maker reported $3.72 EPS for the quarter, topping the consensus estimate of $3.51 by $0.21. The business had revenue of $2.49 billion during 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%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.38 earnings per share. Research analysts predict that PVH Corp. will post 10.92 EPS for the current year.

PVH announced that its Board of Directors has authorized a share buyback plan on Monday, April 1st that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the textile maker to repurchase up to 24% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.13%. The ex-dividend date is Wednesday, June 5th. PVH’s payout ratio is currently 1.38%.

Insider Buying and Selling

In related news, EVP James Holmes sold 3,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $108.39, for a total value of $325,170.00. Following the completion of the sale, the executive vice president now owns 13,904 shares of the company’s stock, valued at $1,507,054.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Citigroup reduced their target price on shares of PVH from $139.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 3rd. Telsey Advisory Group cut their price target on shares of PVH from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Tuesday, April 2nd. Morgan Stanley cut their price target on shares of PVH from $134.00 to $110.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 3rd. Guggenheim upped their price target on shares of PVH from $120.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of PVH from $146.00 to $157.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $128.50.

PVH 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.