PVH Corp. (NYSE:PVH) Shares Acquired by Pzena Investment Management LLC

Pzena Investment Management LLC lifted its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 15.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,161,567 shares of the textile maker's stock after purchasing an additional 807,301 shares during the quarter. PVH comprises approximately 1.4% of Pzena Investment Management LLC's portfolio, making the stock its 24th biggest position. Pzena Investment Management LLC owned about 11.71% of PVH worth $398,284,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. State of Alaska Department of Revenue raised its stake in shares of PVH by 2.3% during the first 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 lifted its holdings in PVH by 0.6% in the fourth 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 acquiring an additional 150 shares during the period. Envestnet Asset Management Inc. lifted its holdings in PVH by 0.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker's stock valued at $3,248,000 after acquiring an additional 152 shares during the period. Signaturefd LLC lifted its holdings in PVH by 11.0% in 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. Finally, Parallel Advisors LLC lifted its holdings in PVH by 8.9% in the first quarter. Parallel Advisors LLC now owns 1,973 shares of the textile maker's stock valued at $128,000 after acquiring an additional 162 shares during the period. Hedge funds and other institutional investors own 97.25% of the company's stock.

PVH Trading Down 0.4%

NYSE:PVH traded down $0.28 during mid-day trading on Friday, reaching $71.39. The company's stock had a trading volume of 978,426 shares, compared to its average volume of 1,152,328. The company's fifty day simple moving average is $73.83 and its two-hundred day simple moving average is $76.08. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.11 and a quick ratio of 0.53. PVH Corp. has a twelve month low of $59.28 and a twelve month high of $113.47. The stock has a market cap of $3.43 billion, a P/E ratio of 10.07, a P/E/G ratio of 1.47 and a beta of 1.81.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The textile maker reported $2.30 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 12.66% and a net margin of 4.63%. The company's revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.45 EPS. On average, equities analysts predict that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Wednesday, June 4th. PVH's dividend payout ratio is currently 2.12%.

Insider Activity

In other news, CEO Stefan Larsson acquired 15,645 shares of PVH stock in a transaction dated Thursday, June 26th. The shares were acquired at an average cost of $63.92 per share, with a total value of $1,000,028.40. Following the purchase, the chief executive officer directly owned 269,438 shares of the company's stock, valued at approximately $17,222,476.96. This trade represents a 6.16% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jesper Andersen purchased 600 shares of PVH stock in a transaction that occurred on Wednesday, June 11th. The shares were bought at an average cost of $66.10 per share, for a total transaction of $39,660.00. Following the completion of the transaction, the director directly owned 736 shares in the company, valued at $48,649.60. This represents a 441.18% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on PVH. Evercore ISI reduced their target price on PVH from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Thursday, June 5th. Needham & Company LLC restated a "buy" rating and issued a $115.00 price target on shares of PVH in a research report on Thursday, June 5th. Bank of America dropped their price target on PVH from $86.00 to $76.00 and set a "neutral" rating for the company in a research report on Friday, June 6th. Citigroup restated a "neutral" rating and issued a $68.00 price target (down previously from $83.00) on shares of PVH in a research report on Monday, April 7th. Finally, 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 research report on Thursday, June 5th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.