PVH Corp. (NYSE:PVH) Shares Bought by Mackenzie Financial Corp

Key Points

• Mackenzie Financial Corp significantly increased its stake in PVH Corp. by 87.4%, acquiring an additional 51,869 shares during the first quarter, bringing its total ownership to 111,230 shares worth approximately $7.19 million.
• Several hedge funds have also adjusted their holdings in PVH, with institutional investors currently owning 97.25% of the stock.
• Analyst ratings vary on PVH, with a consensus of "Moderate Buy" and a target price averaging $93.40, reflecting differing outlooks among brokerages on the stock's future performance.

Mackenzie Financial Corp raised its position in PVH Corp. (NYSE:PVH - Free Report) by 87.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 111,230 shares of the textile maker's stock after acquiring an additional 51,869 shares during the period. Mackenzie Financial Corp owned approximately 0.21% of PVH worth $7,190,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kapitalo Investimentos Ltda purchased a new position in PVH during the fourth quarter worth approximately $47,000. Allworth Financial LP raised its stake in PVH by 78.2% during the first quarter. Allworth Financial LP now owns 930 shares of the textile maker's stock worth $60,000 after purchasing an additional 408 shares during the period. GAMMA Investing LLC increased its position in shares of PVH by 135.7% during the 1st quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker's stock worth $74,000 after purchasing an additional 661 shares during the last quarter. Central Pacific Bank Trust Division boosted its position in shares of PVH by 9.7% during the 1st quarter. Central Pacific Bank Trust Division now owns 1,920 shares of the textile maker's stock worth $124,000 after purchasing an additional 170 shares during the period. Finally, Forum Financial Management LP acquired a new position in PVH during the 4th quarter worth about $206,000. Institutional investors and hedge funds own 97.25% of the company's stock.

PVH Stock Down 2.9%

PVH stock traded down $2.11 during trading on Friday, reaching $71.31. 1,155,564 shares of the company's stock were exchanged, compared to its average volume of 1,042,055. The company's 50-day moving average is $72.12 and its two-hundred day moving average is $74.37. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 1.47 and a beta of 1.84. PVH Corp. has a 52-week low of $59.28 and a 52-week high of $113.47. 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 released its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $1.93 billion. PVH had a return on equity of 12.66% and a net margin of 4.63%. PVH's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.45 EPS. On average, analysts predict that PVH Corp. will post 11.67 earnings per share for the current year.

Insider Transactions at PVH

In related news, CEO Stefan Larsson acquired 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 purchase, the chief executive officer directly owned 269,438 shares of the company's stock, valued at $17,222,476.96. The trade was a 6.16% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jesper Andersen bought 600 shares of the business'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 purchase, the director owned 736 shares in the company, valued at approximately $48,649.60. This represents a 441.18% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PVH shares. Barclays decreased their target price on PVH from $87.00 to $83.00 and set an "overweight" rating for the company in a report on Monday, June 9th. Bank of America reduced their target price on shares of PVH from $86.00 to $76.00 and set a "neutral" rating for the company in a report on Friday, June 6th. BMO Capital Markets dropped their price target on shares of PVH from $93.00 to $84.00 and set a "market perform" rating on the stock in a research note on Thursday, June 5th. Wells Fargo & Company decreased their price objective on shares of PVH from $100.00 to $80.00 and set an "equal weight" rating on the stock in a report on Thursday, June 5th. Finally, Jefferies Financial Group upgraded PVH from a "hold" rating to a "buy" rating and increased their target price for the company from $70.00 to $105.00 in a report on Wednesday, May 14th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, PVH currently has an average rating of "Moderate Buy" and a consensus price target of $93.40.

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.