PVH Corp. (NYSE:PVH) Shares Sold by KBC Group NV

KBC Group NV lowered its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 93.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,131 shares of the textile maker's stock after selling 28,291 shares during the period. KBC Group NV's holdings in PVH were worth $138,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in PVH. Balyasny Asset Management L.P. purchased a new stake in shares of PVH in the fourth quarter valued at about $53,373,000. Schroder Investment Management Group purchased a new stake in shares of PVH in the fourth quarter valued at about $38,035,000. AQR Capital Management LLC lifted its stake in shares of PVH by 128.6% during the fourth quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker's stock valued at $59,909,000 after buying an additional 318,731 shares during the period. Channing Capital Management LLC lifted its stake in shares of PVH by 87.0% during the fourth quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker's stock valued at $72,015,000 after buying an additional 316,876 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of PVH by 203.5% during the fourth quarter. American Century Companies Inc. now owns 454,808 shares of the textile maker's stock valued at $48,096,000 after buying an additional 304,973 shares during the period. Hedge funds and other institutional investors own 97.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PVH shares. Cowen reissued a "buy" rating on shares of PVH in a research note on Friday, June 6th. Telsey Advisory Group reiterated an "outperform" rating and issued a $90.00 price target on shares of PVH in a report on Thursday, June 5th. BMO Capital Markets decreased their price target on shares of PVH from $93.00 to $84.00 and set a "market perform" rating on the stock in a report on Thursday, June 5th. JPMorgan Chase & Co. lifted their price target on shares of PVH from $87.00 to $99.00 and gave the company a "neutral" rating in a report on Monday, May 19th. Finally, UBS Group decreased their price target on shares of PVH from $150.00 to $146.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, PVH presently has an average rating of "Moderate Buy" and an average target price of $98.27.

PVH Trading Up 0.8%

NYSE:PVH opened at $73.02 on Tuesday. The business's 50-day moving average is $73.63 and its two-hundred day moving average is $78.25. 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 12 month low of $59.28 and a 12 month high of $113.47. The firm has a market capitalization of $3.51 billion, a PE ratio of 10.30, a price-to-earnings-growth ratio of 1.49 and a beta of 1.81.

PVH (NYSE:PVH - Get Free Report) last posted its earnings results on Wednesday, June 4th. The textile maker reported $2.30 EPS for the quarter, beating the consensus estimate of $2.24 by $0.06. The company 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%. The business's revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.45 earnings per share. Research analysts predict that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

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

Insiders Place Their Bets

In other PVH news, Director Jesper Andersen purchased 600 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director directly owned 736 shares of the company's stock, valued at approximately $48,649.60. This trade represents a 441.18% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stefan Larsson purchased 15,645 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was acquired 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 ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company's stock.

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.

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