PVH Corp. (NYSE:PVH) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 4.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 691,070 shares of the textile maker's stock after selling 29,768 shares during the period. Principal Financial Group Inc. owned about 1.31% of PVH worth $44,671,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PVH. Kapitalo Investimentos Ltda purchased a new stake in shares of PVH during the fourth quarter valued at $47,000. Hoey Investments Inc. bought a new position in PVH in the 4th quarter worth about $55,000. Smartleaf Asset Management LLC increased its position in shares of PVH by 96.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker's stock worth $65,000 after acquiring an additional 303 shares during the period. GAMMA Investing LLC raised its stake in shares of PVH by 135.7% during the first quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker's stock valued at $74,000 after acquiring an additional 661 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of PVH by 11.8% in the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker's stock valued at $153,000 after purchasing an additional 153 shares during the period. 97.25% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Jesper Andersen acquired 600 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was purchased at an average cost of $66.10 per share, for a total transaction of $39,660.00. Following the transaction, the director directly owned 736 shares of the company's stock, valued at approximately $48,649.60. This trade represents a 441.18% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Stefan Larsson bought 15,645 shares of PVH stock in a transaction that occurred on Thursday, June 26th. The stock was bought 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 owned 269,438 shares in the company, valued at $17,222,476.96. This represents a 6.16% increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on PVH. Morgan Stanley dropped their target price on shares of PVH from $86.00 to $64.00 and set an "equal weight" rating on the stock in a report on Friday, June 6th. UBS Group cut their price objective on shares of PVH from $150.00 to $146.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Cowen reissued a "buy" rating on shares of PVH in a research note on Friday, June 6th. 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. Finally, Wall Street Zen raised PVH from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $98.27.

PVH Stock Performance

Shares of PVH stock traded up $0.58 on Monday, reaching $73.02. 1,418,956 shares of the stock were exchanged, compared to its average volume of 1,141,838. The firm has a market capitalization of $3.51 billion, a PE ratio of 10.30, a PEG ratio of 1.49 and a beta of 1.81. PVH Corp. has a 1-year low of $59.28 and a 1-year high of $113.47. The business has a fifty day moving average price of $73.59 and a two-hundred day moving average price of $78.49. The company has a current ratio of 1.11, a quick ratio of 0.53 and a debt-to-equity ratio of 0.37.

PVH (NYSE:PVH - Get Free Report) last released its earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.06. The company had revenue of $1.98 billion for 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%. The firm's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.45 EPS. As a group, research analysts anticipate that PVH Corp. will post 11.67 earnings per share 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 issued a $0.0375 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a yield of 0.21%. PVH's dividend payout ratio (DPR) is presently 2.12%.

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.