Cwm LLC Sells 5,319 Shares of PVH Corp. (NYSE:PVH)

Key Points

• Cwm LLC has decreased its position in PVH Corp. by 81.3%, now holding just 1,225 shares valued at $79,000 after selling 5,319 shares in the 1st quarter.
• Wall Street analysts generally have a positive outlook for PVH, with ten analysts rating it a buy and a consensus target price of $93.40.
• CEO Stefan Larsson recently purchased 15,645 shares of PVH stock, increasing his ownership by 6.16% and demonstrating confidence in the company's performance.

CWM LLC lowered its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 81.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,225 shares of the textile maker's stock after selling 5,319 shares during the quarter. CWM LLC's holdings in PVH were worth $79,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of PVH by 0.4% during the 4th quarter. FMR LLC now owns 6,826,021 shares of the textile maker's stock valued at $721,852,000 after purchasing an additional 29,578 shares during the period. LSV Asset Management raised its stake in shares of PVH by 1.3% during the 4th quarter. LSV Asset Management now owns 1,199,238 shares of the textile maker's stock valued at $126,819,000 after purchasing an additional 15,900 shares during the period. Voya Investment Management LLC raised 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 valued at $71,885,000 after purchasing an additional 154,295 shares during the period. AQR Capital Management LLC raised its stake in shares of PVH by 128.6% during the 4th quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker's stock valued at $59,909,000 after purchasing an additional 318,731 shares during the period. Finally, Northern Trust Corp raised its stake in shares of PVH by 29.1% during the 4th quarter. Northern Trust Corp now owns 549,642 shares of the textile maker's stock valued at $58,125,000 after purchasing an additional 124,022 shares during the period. Institutional investors own 97.25% of the company's stock.

PVH Stock Down 2.9%

Shares of PVH stock traded down $2.11 during midday trading on Friday, reaching $71.31. 1,155,564 shares of the stock were exchanged, 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's 50 day moving average is $72.12 and its two-hundred day moving average is $74.37. 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 firm has a market cap of $3.43 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 1.47 and a beta of 1.84.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on PVH shares. Wells Fargo & Company dropped their price objective on PVH from $100.00 to $80.00 and set an "equal weight" rating for the company in a research note on Thursday, June 5th. Telsey Advisory Group reissued an "outperform" rating and set a $90.00 price objective on shares of PVH in a research note on Thursday, June 5th. Cowen reissued a "buy" rating on shares of PVH in a research note on Friday, June 6th. JPMorgan Chase & Co. lifted their price target on PVH from $76.00 to $87.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Finally, Jefferies Financial Group raised PVH from a "hold" rating to a "buy" rating and lifted their price target for the stock from $70.00 to $105.00 in a research note 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, the company has a consensus rating of "Moderate Buy" and an average target price of $93.40.

Insiders Place Their Bets

In other PVH news, CEO Stefan Larsson purchased 15,645 shares of the business's stock in a transaction on Thursday, June 26th. The stock was acquired 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 owned 269,438 shares of the company's stock, valued at approximately $17,222,476.96. This represents a 6.16% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jesper Andersen purchased 600 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was acquired at an average price of $66.10 per share, with a total value of $39,660.00. Following the purchase, the director directly 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. Corporate insiders own 1.20% of the company's stock.

About PVH

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.