Arrowpoint Investment Partners Singapore Pte. Ltd. Boosts Stock Holdings in PVH Corp. (NYSE:PVH)

Key Points

• Arrowpoint Investment Partners Singapore increased its stake in PVH Corp. by 195.9%, owning a total of 11,600 shares valued at approximately $750,000.
• Analysts have mixed views on PVH, with target prices ranging from $84 to $146 and an average rating of 'Moderate Buy'.
• PVH recently reported earnings of $2.30 EPS, surpassing analyst expectations, with a revenue increase of 1.6% year-over-year.

Arrowpoint Investment Partners Singapore Pte. Ltd. grew its stake in PVH Corp. (NYSE:PVH - Free Report) by 195.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,600 shares of the textile maker's stock after purchasing an additional 7,680 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd.'s holdings in PVH were worth $750,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Kapitalo Investimentos Ltda bought a new position in PVH in the 4th quarter valued at approximately $47,000. Allworth Financial LP raised its holdings in PVH by 78.2% in the 1st quarter. Allworth Financial LP now owns 930 shares of the textile maker's stock valued at $60,000 after buying an additional 408 shares during the last quarter. GAMMA Investing LLC raised its holdings in PVH by 135.7% in the 1st quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker's stock valued at $74,000 after buying an additional 661 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in PVH in the 1st quarter valued at approximately $82,000. Finally, Central Pacific Bank Trust Division raised its holdings 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 valued at $124,000 after buying an additional 170 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Trading Down 1.7%

Shares of PVH stock traded down $1.31 during trading hours on Thursday, hitting $76.17. 782,072 shares of the company were exchanged, compared to its average volume of 1,421,236. The firm has a market cap of $3.66 billion, a P/E ratio of 10.74, a P/E/G ratio of 1.52 and a beta of 1.84. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $113.47. 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 50 day simple moving average of $70.59 and a two-hundred day simple moving average of $73.42.

PVH (NYSE:PVH - Get Free Report) last announced 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. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.93 billion. PVH had a net margin of 4.63% and a return on equity of 12.66%. The company's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.45 EPS. Equities analysts anticipate that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

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

Analyst Upgrades and Downgrades

PVH has been the subject of a number of research reports. Needham & Company LLC reiterated a "buy" rating and issued a $115.00 price objective on shares of PVH in a report on Thursday, June 5th. Telsey Advisory Group restated an "outperform" rating and set a $90.00 price target on shares of PVH in a report on Thursday, June 5th. JPMorgan Chase & Co. raised their price target on shares of PVH from $76.00 to $87.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Jefferies Financial Group upgraded shares of PVH from a "hold" rating to a "buy" rating and raised their price target for the stock from $70.00 to $105.00 in a report on Wednesday, May 14th. Finally, TD Cowen restated a "hold" rating and set a $74.00 price target (down previously from $98.00) on shares of PVH in a report on Wednesday, July 9th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $93.40.

Insider Buying and Selling at PVH

In other PVH news, CEO Stefan Larsson purchased 15,645 shares of PVH stock in a transaction that occurred on Thursday, June 26th. The stock was acquired at an average price of $63.92 per share, with a total value of $1,000,028.40. Following the transaction, the chief executive officer owned 269,438 shares in the company, valued at $17,222,476.96. This trade represents a 6.16% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jesper Andersen purchased 600 shares of PVH stock in a transaction that occurred on Wednesday, June 11th. The stock was acquired at an average cost of $66.10 per share, with a total value of $39,660.00. Following the transaction, the director owned 736 shares in the company, valued at $48,649.60. This trade represents a 441.18% increase in their position. The disclosure for this purchase can be found here. Company 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.