Crossmark Global Holdings Inc. Purchases 15,295 Shares of PVH Corp. (NYSE:PVH)

Crossmark Global Holdings Inc. grew its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 37.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,634 shares of the textile maker's stock after acquiring an additional 15,295 shares during the period. Crossmark Global Holdings Inc. owned 0.11% of PVH worth $3,596,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in shares of PVH in the fourth quarter worth about $41,000. Kapitalo Investimentos Ltda purchased a new position in shares of PVH in the fourth quarter worth about $47,000. Hoey Investments Inc. purchased a new position in shares of PVH in the fourth quarter worth about $55,000. GAMMA Investing LLC increased its holdings in shares of PVH by 135.7% in the first quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker's stock worth $74,000 after buying an additional 661 shares during the period. Finally, Central Pacific Bank Trust Division increased its holdings in shares of PVH by 9.7% in the first quarter. Central Pacific Bank Trust Division now owns 1,920 shares of the textile maker's stock worth $124,000 after buying an additional 170 shares during the period. Hedge funds and other institutional investors own 97.25% of the company's stock.

Insiders Place Their Bets

In other PVH news, CEO Stefan Larsson acquired 15,645 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was purchased at an average price of $63.92 per share, with a total value of $1,000,028.40. Following the transaction, the chief executive officer directly owned 269,438 shares in the company, valued at approximately $17,222,476.96. The trade was a 6.16% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jesper Andersen acquired 600 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average cost of $66.10 per share, with a total value of $39,660.00. Following the transaction, the director 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 currently owned by insiders.

PVH Stock Down 0.9%

Shares of PVH traded down $0.68 during trading hours on Friday, hitting $73.62. The company had a trading volume of 1,008,360 shares, compared to its average volume of 1,148,817. PVH Corp. has a 52-week low of $59.28 and a 52-week high of $113.47. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 10.38, a P/E/G ratio of 1.50 and a beta of 1.81. The firm has a fifty day moving average price of $73.89 and a 200-day moving average price of $77.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.53 and a current ratio of 1.11.

PVH (NYSE:PVH - Get Free Report) last announced 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. PVH had a net margin of 4.63% and a return on equity of 12.66%. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the business earned $2.45 EPS. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities research analysts forecast that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. Evercore ISI cut their target price on PVH from $105.00 to $95.00 and set an "outperform" rating on the stock in a research note on Thursday, June 5th. JPMorgan Chase & Co. raised their target price on PVH from $87.00 to $99.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. Wall Street Zen raised PVH from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. UBS Group cut their price objective on PVH from $150.00 to $146.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Finally, Morgan Stanley cut their price objective on PVH from $86.00 to $64.00 and set an "equal weight" rating on the stock in a research report on Friday, June 6th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $94.20.

About PVH

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.