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

Crossmark Global Holdings Inc. increased its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 37.9% during the first 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 purchasing an additional 15,295 shares during the quarter. Crossmark Global Holdings Inc. owned 0.11% of PVH worth $3,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of PVH. Proficio Capital Partners LLC purchased a new stake in shares of PVH during the fourth quarter worth about $41,000. Kapitalo Investimentos Ltda bought a new position in PVH during the fourth quarter valued at approximately $47,000. Hoey Investments Inc. bought a new stake in shares of PVH in the 4th quarter valued at approximately $55,000. GAMMA Investing LLC lifted its stake in shares of PVH by 135.7% in 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. Finally, Central Pacific Bank Trust Division lifted its stake in shares of PVH by 9.7% in 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 institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on PVH. Wall Street Zen upgraded PVH from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Telsey Advisory Group restated an "outperform" rating and set a $90.00 price objective on shares of PVH in a report on Thursday, June 5th. Evercore ISI cut their price target on PVH from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Thursday, June 5th. Cowen reiterated a "buy" rating on shares of PVH in a report on Friday, June 6th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $115.00 price objective on shares of PVH in a research report on Thursday, June 5th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $98.27.

PVH Trading Up 1.1%

PVH stock opened at $73.84 on Wednesday. The business has a fifty day simple moving average of $73.71 and a 200-day simple moving average of $78.22. The company has a quick ratio of 0.53, a current ratio of 1.11 and a debt-to-equity ratio of 0.37. PVH Corp. has a 52 week low of $59.28 and a 52 week high of $113.47. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 1.50 and a beta of 1.81.

PVH (NYSE:PVH - Get Free Report) last issued its earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the prior year, the business posted $2.45 EPS. The company's revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities research analysts expect that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

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 $0.0375 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. PVH's dividend payout ratio (DPR) is presently 2.12%.

Insider Activity at PVH

In other news, CEO Stefan Larsson purchased 15,645 shares of PVH stock in a transaction on Thursday, June 26th. The shares were purchased at an average cost 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 in the company, valued at approximately $17,222,476.96. This represents a 6.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jesper Andersen purchased 600 shares of PVH stock in a transaction on Wednesday, June 11th. The stock was purchased at an average price of $66.10 per share, for a total transaction of $39,660.00. Following the completion of the transaction, 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 disclosure for this purchase can be found here. 1.20% of the stock is currently owned by corporate insiders.

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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