Clark Estates Inc. NY Trims Holdings in PVH Corp. (NYSE:PVH)

Key Points

• Clark Estates Inc. NY reduced its position in PVH Corp. by 27.6%, now holding 19,539 shares valued at approximately $1.26 million.
• PVH reported better-than-expected quarterly earnings, with an EPS of $2.30, exceeding estimates by $0.06, and revenues of $1.98 billion.
• Wall Street analysts have mixed opinions on PVH, with an average rating of "Moderate Buy" and a consensus price target of $93.40.

Clark Estates Inc. NY lessened its stake in PVH Corp. (NYSE:PVH - Free Report) by 27.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,539 shares of the textile maker's stock after selling 7,461 shares during the period. Clark Estates Inc. NY's holdings in PVH were worth $1,263,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Kapitalo Investimentos Ltda bought a new position in shares of PVH in the 4th quarter worth about $47,000. Allworth Financial LP boosted its position in shares of PVH by 78.2% during 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 in the last quarter. GAMMA Investing LLC boosted 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 in 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 in the last quarter. Finally, Forum Financial Management LP bought a new position in shares of PVH during the 4th quarter worth about $206,000. Institutional investors own 97.25% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PVH. Barclays decreased their target price on shares of PVH from $87.00 to $83.00 and set an "overweight" rating for the company in a research report on Monday, June 9th. Morgan Stanley decreased their target price on shares of PVH from $86.00 to $64.00 and set an "equal weight" rating for the company in a research report on Friday, June 6th. UBS Group decreased their target price on shares of PVH from $150.00 to $146.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Wells Fargo & Company decreased their target price on shares of PVH from $100.00 to $80.00 and set an "equal weight" rating for the company in a research report on Thursday, June 5th. Finally, Wall Street Zen upgraded shares of PVH from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $93.40.

Insider Activity

In other news, CEO Stefan Larsson acquired 15,645 shares of the firm's 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 acquisition, the chief executive officer owned 269,438 shares in the company, valued at approximately $17,222,476.96. This represents a 6.16% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jesper Andersen acquired 600 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were purchased at an average cost of $66.10 per share, for a total transaction of $39,660.00. Following the completion of the acquisition, the director 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. 1.20% of the stock is currently owned by insiders.

PVH Price Performance

Shares of PVH stock traded down $2.11 on Friday, reaching $71.31. The stock had a trading volume of 1,155,564 shares, compared to its average volume of 1,042,055. PVH Corp. has a 1 year low of $59.28 and a 1 year high of $113.47. The company has a market cap of $3.43 billion, a P/E ratio of 10.06, a price-to-earnings-growth ratio of 1.47 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. The business's 50 day moving average is $72.12 and its two-hundred day moving average is $74.37.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The textile maker reported $2.30 EPS for the quarter, topping 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 company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the previous year, the firm earned $2.45 earnings per share. PVH's revenue was up 1.6% on a year-over-year basis. As a group, research analysts anticipate that PVH Corp. will post 11.67 EPS for the current year.

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.