Charles Schwab Investment Management Inc. Grows Holdings in PVH Corp. $PVH

Charles Schwab Investment Management Inc. lifted its holdings in PVH Corp. (NYSE:PVH - Free Report) by 3.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 646,995 shares of the textile maker's stock after buying an additional 19,340 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.23% of PVH worth $41,822,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PVH. Kapitalo Investimentos Ltda purchased a new stake in shares of PVH in the 4th quarter worth about $47,000. Allworth Financial LP grew its position in shares of PVH by 78.2% in the 1st quarter. Allworth Financial LP now owns 930 shares of the textile maker's stock worth $60,000 after buying an additional 408 shares during the period. GAMMA Investing LLC grew its position in PVH by 135.7% during the 1st quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker's stock valued at $74,000 after purchasing an additional 661 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in PVH during the 1st quarter valued at about $82,000. Finally, Central Pacific Bank Trust Division grew its position in PVH by 9.7% during the 1st quarter. Central Pacific Bank Trust Division now owns 1,920 shares of the textile maker's stock valued at $124,000 after purchasing an additional 170 shares during the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at PVH

In other PVH news, CEO Stefan Larsson acquired 15,645 shares of the stock in a transaction dated 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 purchase, the chief executive officer directly owned 269,438 shares of the company's stock, valued at approximately $17,222,476.96. This trade represents a 6.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jesper Andersen acquired 600 shares of the stock in a transaction dated Wednesday, June 11th. The stock was acquired at an average price of $66.10 per share, for a total transaction of $39,660.00. Following the purchase, the director directly owned 736 shares in the company, valued at approximately $48,649.60. This trade represents a 441.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PVH has been the topic of several recent analyst reports. Wells Fargo & Company cut their price objective on shares of PVH from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Thursday, June 5th. Telsey Advisory Group reissued an "outperform" rating and set a $90.00 price objective on shares of PVH in a research report on Thursday, June 5th. Evercore ISI cut their price objective on shares of PVH from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Thursday, June 5th. Wall Street Zen raised shares of PVH from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Finally, Cowen reissued a "buy" rating on shares of PVH in a research report on Friday, June 6th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, PVH currently has an average rating of "Moderate Buy" and an average price target of $93.40.

PVH Price Performance

PVH opened at $76.77 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.53 and a current ratio of 1.11. The stock has a market capitalization of $3.69 billion, a P/E ratio of 10.83, a P/E/G ratio of 1.58 and a beta of 1.84. The company's 50-day simple moving average is $71.01 and its two-hundred day simple moving average is $72.96. PVH Corp. has a 52-week low of $59.28 and a 52-week high of $113.47.

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 the consensus estimate of $2.24 by $0.06. PVH had a net margin of 4.63% and a return on equity of 12.66%. 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 prior year, the business earned $2.45 EPS. The business's quarterly revenue was up 1.6% on a year-over-year basis. As a group, analysts predict that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

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

PVH 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.

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