10,983 Shares in PVH Corp. (NYSE:PVH) Purchased by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. acquired 10,983 shares of PVH Corp. for approximately $710,000 in the first quarter, indicating strong institutional interest in the company.
• PVH recently announced a quarterly dividend of $0.0375 per share, with an upcoming payment date set for September 24th, reflecting a modest yield of 0.2%.
• The company's stock saw a 12-month price range between $59.28 and $113.47, and it recently reported an earnings per share (EPS) of $2.30, surpassing estimates.

Fox Run Management L.L.C. purchased a new position in PVH Corp. (NYSE:PVH - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,983 shares of the textile maker's stock, valued at approximately $710,000.

Other hedge funds have also bought and sold shares of the company. Kapitalo Investimentos Ltda acquired a new position in PVH in the fourth quarter worth about $47,000. Allworth Financial LP boosted its stake in PVH by 78.2% in the first quarter. Allworth Financial LP now owns 930 shares of the textile maker's stock valued at $60,000 after acquiring an additional 408 shares during the period. GAMMA Investing LLC boosted its stake in PVH by 135.7% in the first quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker's stock valued at $74,000 after acquiring an additional 661 shares during the period. New Age Alpha Advisors LLC acquired a new position in PVH in the first quarter valued at approximately $82,000. Finally, Central Pacific Bank Trust Division boosted its stake in PVH by 9.7% in the first quarter. Central Pacific Bank Trust Division now owns 1,920 shares of the textile maker's stock valued at $124,000 after acquiring an additional 170 shares during the period. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PVH

In related news, Director Jesper Andersen purchased 600 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were bought at an average price of $66.10 per share, with a total value of $39,660.00. Following the completion of the acquisition, the director owned 736 shares of the company's stock, valued at approximately $48,649.60. This represents a 441.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Stefan Larsson purchased 15,645 shares of the company's stock in a transaction on Thursday, June 26th. The stock was bought at an average cost of $63.92 per share, for a total transaction of $1,000,028.40. Following the acquisition, the chief executive officer directly owned 269,438 shares of the company's stock, valued at $17,222,476.96. This represents a 6.16% increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by corporate insiders.

PVH Price Performance

Shares of NYSE:PVH opened at $76.77 on Friday. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $113.47. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 1.58 and a beta of 1.84. The stock's 50 day moving average price is $71.01 and its 200 day moving average price is $73.09. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.11 and a quick ratio of 0.53.

PVH (NYSE:PVH - Get Free Report) last announced its earnings results on Wednesday, June 4th. The textile maker reported $2.30 EPS for the quarter, topping the consensus estimate of $2.24 by $0.06. PVH had a return on equity of 12.66% and a net margin of 4.63%. The firm had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.93 billion. During the same quarter in the previous year, the company earned $2.45 earnings per share. The firm's quarterly revenue was up 1.6% compared to the same quarter last year. Equities research analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. PVH's dividend payout ratio is currently 2.12%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Cowen restated a "buy" rating on shares of PVH in a research note on Friday, June 6th. Wall Street Zen upgraded PVH from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Evercore ISI decreased their target price on PVH from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Thursday, June 5th. UBS Group decreased their target price on PVH from $150.00 to $146.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $115.00 price objective on shares of PVH in a research report on Thursday, June 5th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, PVH has a consensus rating of "Moderate Buy" and a consensus price target of $93.40.

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.

Want to see what other hedge funds are holding PVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PVH Corp. (NYSE:PVH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.