Clark Estates Inc. NY Trims Stock Position 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 reduced its position in shares of PVH Corp. (NYSE:PVH - Free Report) by 27.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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.

A number of other institutional investors also recently modified their holdings of PVH. Pzena Investment Management LLC increased its position in shares of PVH by 15.1% during the first quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker's stock valued at $398,284,000 after acquiring an additional 807,301 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in PVH in the 4th quarter valued at $53,373,000. Schroder Investment Management Group bought a new stake in shares of PVH in the 4th quarter worth about $38,035,000. AQR Capital Management LLC increased its holdings in shares of PVH by 128.6% in the 4th quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker's stock worth $59,909,000 after buying an additional 318,731 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in shares of PVH by 29.4% during the 4th quarter. Voya Investment Management LLC now owns 679,762 shares of the textile maker's stock worth $71,885,000 after purchasing an additional 154,295 shares during the period. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PVH. TD Cowen reissued a "hold" rating and issued a $74.00 price objective (down from $98.00) on shares of PVH in a research report on Wednesday, July 9th. 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. Needham & Company LLC restated a "buy" rating and set a $115.00 price target on shares of PVH in a research note on Thursday, June 5th. Wall Street Zen upgraded shares of PVH from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Finally, Morgan Stanley lowered their price target 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. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, PVH currently has an average rating of "Moderate Buy" and a consensus target price of $93.40.

PVH Trading Down 1.9%

Shares of PVH traded down $1.39 during trading on Thursday, reaching $73.47. 967,698 shares of the company traded hands, compared to its average volume of 1,032,379. 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 $3.53 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 1.54 and a beta of 1.81. The stock has a 50-day simple moving average of $72.33 and a 200-day simple moving average of $74.73. The company has a quick ratio of 0.53, a current ratio of 1.11 and a debt-to-equity ratio of 0.37.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.93 billion. PVH had a net margin of 4.63% and a return on equity of 12.66%. The business's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.45 earnings per share. On average, analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Stefan Larsson purchased 15,645 shares of the stock in a transaction on Thursday, June 26th. The stock was bought at an average price of $63.92 per share, for a total transaction of $1,000,028.40. Following the acquisition, the chief executive officer directly owned 269,438 shares of the company's stock, valued at approximately $17,222,476.96. The trade was a 6.16% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jesper Andersen purchased 600 shares of the stock in a transaction on Wednesday, June 11th. The shares were purchased at an average price of $66.10 per share, with a total value of $39,660.00. Following the acquisition, 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.

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.