AIA Group Ltd Purchases 9,735 Shares of PVH Corp. (NYSE:PVH)

Key Points

• AIA Group Ltd significantly increased its holdings in PVH Corp. by 261.8% during the first quarter, now owning 13,454 shares valued at $870,000.
• PVH Corp. reported earnings per share of $2.30 for its most recent quarter, exceeding analysts' expectations of $2.24, with a revenue of $1.98 billion.
• The company declared a quarterly dividend of $0.0375 per share, representing an annualized yield of 0.2%, to be paid on September 24th.

AIA Group Ltd boosted its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 261.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,454 shares of the textile maker's stock after buying an additional 9,735 shares during the period. AIA Group Ltd's holdings in PVH were worth $870,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Kapitalo Investimentos Ltda acquired a new position in PVH during the fourth quarter valued at $47,000. Allworth Financial LP increased its position 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 purchasing an additional 408 shares during the last quarter. GAMMA Investing LLC increased its position in 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 last quarter. New Age Alpha Advisors LLC acquired a new position in PVH in the 1st quarter worth about $82,000. Finally, Central Pacific Bank Trust Division increased its position in PVH by 9.7% in 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 last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Stock Performance

NYSE:PVH traded up $0.66 during mid-day trading on Friday, hitting $76.77. 768,561 shares of the company's stock traded hands, compared to its average volume of 967,883. The firm has a 50 day moving average of $71.01 and a two-hundred day moving average of $73.22. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $113.47. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 1.57 and a beta of 1.84. 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 announced its earnings results 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. PVH had a return on equity of 12.66% and a net margin of 4.63%. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the company earned $2.45 EPS. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd will be paid a dividend of $0.0375 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $0.15 annualized dividend and a yield of 0.2%. PVH's dividend payout ratio is presently 2.12%.

Insider Activity at PVH

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

Analysts Set New Price Targets

Several research analysts have weighed in on PVH shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $115.00 target price on shares of PVH in a research report on Thursday, June 5th. TD Cowen reaffirmed a "hold" rating and issued a $74.00 target price (down from $98.00) on shares of PVH in a research report on Wednesday, July 9th. JPMorgan Chase & Co. upped their target price on PVH from $76.00 to $87.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Morgan Stanley dropped their target price 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. Finally, Jefferies Financial Group raised PVH from a "hold" rating to a "buy" rating and upped their target price for the stock from $70.00 to $105.00 in a research report on Wednesday, May 14th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, PVH presently has an average rating of "Moderate Buy" and a consensus target price of $93.40.

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.