PVH Corp. (NYSE:PVH) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its position in PVH Corp. (NYSE:PVHFree Report) by 46.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,158 shares of the textile maker’s stock after selling 7,192 shares during the quarter. Janney Montgomery Scott LLC’s holdings in PVH were worth $996,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. NBC Securities Inc. acquired a new position in shares of PVH in the 3rd quarter worth approximately $223,000. Arizona State Retirement System increased its holdings in shares of PVH by 1.4% in the third 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. Fox Run Management L.L.C. acquired a new stake in shares of PVH during the 3rd quarter valued at $310,000. Barclays PLC grew its holdings in shares of PVH by 4.8% in the 3rd quarter. Barclays PLC now owns 50,854 shares of the textile maker’s stock worth $3,889,000 after acquiring an additional 2,352 shares during the last quarter. Finally, New York Life Investment Management LLC raised its position in shares of PVH by 91.1% during the third quarter. New York Life Investment Management LLC now owns 7,586 shares of the textile maker’s stock worth $580,000 after purchasing an additional 3,616 shares during the period. Institutional investors own 97.25% of the company’s stock.

Wall Street Analysts Forecast Growth

PVH has been the topic of several recent analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $140.00 price objective on shares of PVH in a report on Wednesday. UBS Group lifted their price objective on shares of PVH from $158.00 to $159.00 and gave the stock 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. Citigroup dropped their price target on PVH from $139.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 3rd. Finally, TD Cowen raised their price objective on PVH from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $128.50.

Read Our Latest Report on PVH

PVH Price Performance

NYSE PVH opened at $114.99 on Friday. PVH Corp. has a 1 year low of $69.27 and a 1 year high of $141.15. The company has a fifty day simple moving average of $115.19 and a 200 day simple moving average of $117.18. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 0.31. The company has a market cap of $6.51 billion, a P/E ratio of 10.60, a P/E/G ratio of 1.09 and a beta of 2.24.

PVH (NYSE:PVHGet Free Report) last released its quarterly earnings results on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.21. PVH had a net margin of 7.20% and a return on equity of 12.96%. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the prior year, the company earned $2.38 earnings per share. The business’s quarterly revenue was up .0% compared to the same quarter last year. On average, sell-side analysts predict that PVH Corp. will post 10.92 EPS for the current year.

PVH Dividend Announcement

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

PVH announced that its Board of Directors has authorized a stock buyback program on Monday, April 1st that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the textile maker to buy up to 24% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

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 value 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

PVH Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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