Fisher Asset Management LLC Sells 7,917 Shares of PVH Corp. (NYSE:PVH)

Fisher Asset Management LLC lessened its position in PVH Corp. (NYSE:PVH) by 4.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 165,716 shares of the textile maker’s stock after selling 7,917 shares during the period. Fisher Asset Management LLC owned about 0.28% of PVH worth $20,237,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in PVH. Allspring Global Investments Holdings LLC increased its holdings in PVH by 2,600.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 260 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of PVH in the fourth quarter worth about $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 stake in shares of PVH in the fourth quarter valued at approximately $130,000. Finally, Intrust Bank NA bought a new position in PVH in the 4th quarter worth approximately $202,000. Institutional investors own 97.25% of the company’s stock.

Insider Transactions at PVH

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Barclays lowered their target price on PVH from $157.00 to $149.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Wedbush raised shares of PVH from a “neutral” rating to an “outperform” rating and raised their target price for the company from $113.00 to $128.00 in a research note on Monday, April 15th. UBS Group increased their price objective on shares of PVH from $158.00 to $159.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Morgan Stanley dropped their target price on shares of 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, Jefferies Financial Group started coverage on PVH in a research report on Tuesday, April 30th. They issued a “hold” rating and a $115.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, PVH has an average rating of “Moderate Buy” and a consensus price target of $128.50.

PVH Price Performance

NYSE:PVH opened at $113.22 on Monday. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.31. PVH Corp. has a 12-month low of $69.27 and a 12-month high of $141.15. The stock’s 50 day moving average price is $122.87 and its two-hundred day moving average price is $112.22. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 10.44, a P/E/G 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 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 7.20% and a return on equity of 12.96%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.38 earnings per share. On average, analysts anticipate that PVH Corp. will post 10.92 earnings per share for the current year.

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

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.15 annualized dividend and a yield of 0.13%. PVH’s dividend payout ratio (DPR) is presently 1.38%.

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.