PVH Corp. (NYSE:PVH) Sees Large Decrease in Short Interest

PVH Corp. (NYSE:PVH) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 1,490,000 shares, a drop of 14.4% from the March 31st total of 1,740,000 shares. Currently, 2.6% of the shares of the stock are sold short. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is presently 1.5 days.

Insider Buying and Selling

In other PVH news, EVP James Holmes sold 3,000 shares of the stock in a transaction on 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 of the company’s stock, valued at $1,507,054.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.78% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. FMR LLC increased its stake in PVH by 15.9% in the third quarter. FMR LLC now owns 7,198,557 shares of the textile maker’s stock valued at $550,762,000 after purchasing an additional 987,957 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of PVH by 234.1% in 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. Channing Capital Management LLC raised its stake in PVH by 648.1% during 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. Wedge Capital Management L L P NC purchased a new stake in PVH in the fourth quarter valued at $45,911,000. Finally, Franklin Resources Inc. boosted its stake in PVH by 1,954.3% in the fourth quarter. Franklin Resources Inc. now owns 352,448 shares of the textile maker’s stock valued at $43,041,000 after acquiring an additional 335,291 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Morgan Stanley lowered their price target 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. UBS Group increased their target price on shares of PVH from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Barclays decreased their target price on shares of PVH from $157.00 to $149.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. Guggenheim upped their price target on PVH from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, Telsey Advisory Group lowered their price objective on PVH from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.40.

PVH Trading Up 1.7 %

Shares of PVH stock opened at $112.90 on Tuesday. The stock has a market capitalization of $6.51 billion, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 1.06 and a beta of 2.20. PVH has a fifty-two week low of $69.27 and a fifty-two week high of $141.15. 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 company has a 50 day moving average price of $124.64 and a 200 day moving average price of $111.45.

PVH (NYSE:PVH) last released its 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 firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.42 billion. PVH had a return on equity of 12.96% and a net margin of 7.20%. PVH’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.38 EPS. Equities research analysts predict that PVH will post 10.93 EPS for the current fiscal year.

PVH declared that its board has initiated a stock buyback program on Monday, April 1st that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the textile maker to purchase up to 24% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given 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 dividend yield of 0.13%. PVH’s dividend payout ratio (DPR) is currently 1.38%.

About PVH

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.