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

Pzena Investment Management LLC grew its position in PVH Corp. (NYSE:PVH - Free Report) by 15.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,161,567 shares of the textile maker's stock after acquiring an additional 807,301 shares during the quarter. PVH accounts for 1.4% of Pzena Investment Management LLC's portfolio, making the stock its 24th biggest holding. Pzena Investment Management LLC owned approximately 11.71% of PVH worth $398,284,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in PVH. Proficio Capital Partners LLC bought a new stake in PVH in the 4th quarter worth approximately $41,000. Kapitalo Investimentos Ltda bought a new stake in PVH in the 4th quarter worth approximately $47,000. Hoey Investments Inc. bought a new stake in PVH in the 4th quarter worth approximately $55,000. Allworth Financial LP increased its stake in PVH by 78.2% in the 1st quarter. Allworth Financial LP now owns 930 shares of the textile maker's stock worth $60,000 after acquiring an additional 408 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings 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 worth $74,000 after purchasing an additional 661 shares during the period. Institutional investors own 97.25% of the company's stock.

Insider Buying and Selling at PVH

In other PVH news, CEO Stefan Larsson bought 15,645 shares of PVH stock in a transaction that occurred on Thursday, June 26th. The shares were bought at an average cost of $63.92 per share, with a total value of $1,000,028.40. Following the transaction, the chief executive officer directly owned 269,438 shares of the company's stock, valued at approximately $17,222,476.96. This represents a 6.16% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jesper Andersen bought 600 shares of PVH stock in a transaction that occurred on Wednesday, June 11th. The shares were acquired 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 ownership of the stock. 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 equities analysts have recently commented on PVH shares. Jefferies Financial Group upgraded PVH from a "hold" rating to a "buy" rating and lifted their target price for the stock from $70.00 to $105.00 in a report on Wednesday, May 14th. UBS Group dropped their target price on PVH from $150.00 to $146.00 and set a "buy" rating for the company in a report on Friday, June 6th. TD Cowen reiterated a "hold" rating and issued a $74.00 target price (down previously from $98.00) on shares of PVH in a report on Wednesday, July 9th. Telsey Advisory Group reiterated an "outperform" rating and issued a $90.00 target price on shares of PVH in a report on Thursday, June 5th. Finally, Wall Street Zen upgraded PVH from a "hold" rating to a "buy" rating in a report on Friday, May 30th. 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $94.20.

PVH Stock Up 0.3%

NYSE PVH traded up $0.24 on Thursday, reaching $71.65. 783,654 shares of the stock traded hands, compared to its average volume of 1,151,473. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.53 and a current ratio of 1.11. The company has a fifty day moving average price of $73.89 and a 200-day moving average price of $76.72. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 1.47 and a beta of 1.81. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $113.47.

PVH (NYSE:PVH - Get Free Report) last issued its earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.24 by $0.06. The business had revenue of $1.98 billion during 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%. PVH's revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.45 EPS. As a group, research analysts forecast that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were given 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 payout ratio is 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.