Lecap Asset Management Ltd. Buys New Shares in PVH Corp. (NYSE:PVH)

Lecap Asset Management Ltd. bought a new position in PVH Corp. (NYSE:PVH - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 28,948 shares of the textile maker's stock, valued at approximately $1,871,000. Lecap Asset Management Ltd. owned about 0.05% of PVH at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PVH. State of Alaska Department of Revenue raised its position in PVH by 2.3% in the 1st 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 last quarter. Treasurer of the State of North Carolina increased its stake in shares of PVH by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker's stock valued at $2,579,000 after buying an additional 150 shares during the period. Envestnet Asset Management Inc. raised its position in shares of 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 acquiring an additional 152 shares during the last quarter. Assetmark Inc. raised its position in shares of 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 acquiring an additional 153 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of PVH by 11.0% during 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 and hedge funds.

Insiders Place Their Bets

In related news, Director Jesper Andersen acquired 600 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was bought at an average price of $66.10 per share, for a total transaction of $39,660.00. Following the acquisition, the director now directly owns 736 shares of the company's stock, valued at approximately $48,649.60. The trade was a 441.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.20% of the company's stock.

PVH Stock Up 2.6%

PVH stock traded up $1.63 during mid-day trading on Thursday, hitting $65.12. 1,288,085 shares of the company were exchanged, compared to its average volume of 1,119,698. 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 Corp. has a 1-year low of $59.28 and a 1-year high of $113.47. The firm's 50 day simple moving average is $73.76 and its 200 day simple moving average is $80.74. The firm has a market cap of $3.13 billion, a P/E ratio of 9.18, a P/E/G ratio of 1.32 and a beta of 1.89.

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

PVH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend was Wednesday, June 4th. PVH's payout ratio is 2.12%.

Wall Street Analysts Forecast Growth

PVH has been the subject of several recent research reports. BMO Capital Markets dropped their price objective on PVH from $93.00 to $84.00 and set a "market perform" rating for the company in a report on Thursday, June 5th. Cowen restated a "buy" rating on shares of PVH in a report on Friday, June 6th. Barclays reduced their price objective on shares of PVH from $87.00 to $83.00 and set an "overweight" rating on the stock in a research note on Monday, June 9th. Telsey Advisory Group reiterated an "outperform" rating and set a $90.00 target price on shares of PVH in a research report on Thursday, June 5th. Finally, Morgan Stanley reduced their price target 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. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $98.27.

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.