ARGA Investment Management LP Sells 14,266 Shares of PVH Corp. (NYSE:PVH)

ARGA Investment Management LP reduced its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 79.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,619 shares of the textile maker's stock after selling 14,266 shares during the quarter. ARGA Investment Management LP's holdings in PVH were worth $234,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. State of Alaska Department of Revenue grew its stake in PVH by 2.3% during the first quarter. State of Alaska Department of Revenue now owns 6,517 shares of the textile maker's stock worth $421,000 after purchasing an additional 149 shares during the period. Treasurer of the State of North Carolina grew its stake in PVH by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker's stock worth $2,579,000 after purchasing an additional 150 shares during the period. Envestnet Asset Management Inc. grew its stake in PVH by 0.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker's stock worth $3,248,000 after purchasing an additional 152 shares during the period. Assetmark Inc. grew its stake in PVH by 11.8% during the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker's stock worth $153,000 after purchasing an additional 153 shares during the period. Finally, Signaturefd LLC grew its stake in PVH by 11.0% in the fourth quarter. Signaturefd LLC now owns 1,569 shares of the textile maker's stock valued at $166,000 after acquiring an additional 156 shares during the period. 97.25% of the stock is currently owned by institutional investors.

PVH Trading Up 1.1%

Shares of PVH stock traded up $0.82 during trading hours on Tuesday, reaching $73.84. The company's stock had a trading volume of 1,226,086 shares, compared to its average volume of 1,142,174. The stock has a market capitalization of $3.55 billion, a P/E ratio of 10.41, a P/E/G ratio of 1.49 and a beta of 1.81. PVH Corp. has a one year low of $59.28 and a one year high of $113.47. The firm's fifty day simple moving average is $73.63 and its 200 day simple moving average is $78.25. The company has a current ratio of 1.11, a quick ratio of 0.53 and a debt-to-equity ratio of 0.37.

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

PVH Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. PVH's dividend payout ratio is presently 2.12%.

Insider Activity at PVH

In other news, Director Jesper Andersen purchased 600 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were bought at an average cost of $66.10 per share, for a total transaction of $39,660.00. Following the completion of the transaction, the director directly owned 736 shares of the company's stock, valued at $48,649.60. This trade represents a 441.18% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Stefan Larsson purchased 15,645 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were purchased at an average price of $63.92 per share, for a total transaction of $1,000,028.40. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PVH. UBS Group dropped their target price on PVH from $150.00 to $146.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Citigroup restated a "neutral" rating and issued a $68.00 target price (down from $83.00) on shares of PVH in a research note on Monday, April 7th. Wells Fargo & Company reduced their price target on PVH from $100.00 to $80.00 and set an "equal weight" rating for the company in a research report on Thursday, June 5th. Telsey Advisory Group reiterated an "outperform" rating and issued a $90.00 price target on shares of PVH in a research report on Thursday, June 5th. Finally, BMO Capital Markets reduced their price target on PVH from $93.00 to $84.00 and set a "market perform" rating for the company in a research report on Thursday, June 5th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, PVH has a consensus rating of "Moderate Buy" and a consensus target price of $98.27.

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.