58,142 Shares in PVH Corp. (NYSE:PVH) Purchased by RBA Wealth Management LLC

RBA Wealth Management LLC purchased a new stake in PVH Corp. (NYSE:PVH - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 58,142 shares of the textile maker's stock, valued at approximately $3,758,000. RBA Wealth Management LLC owned approximately 0.11% of PVH at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lecap Asset Management Ltd. acquired a new position in PVH during the 1st quarter worth approximately $1,871,000. State of Alaska Department of Revenue raised its stake in PVH by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 6,517 shares of the textile maker's stock valued at $421,000 after buying an additional 149 shares in the last quarter. PKO Investment Management Joint Stock Co lifted its holdings in PVH by 100.0% during the 1st quarter. PKO Investment Management Joint Stock Co now owns 5,000 shares of the textile maker's stock worth $323,000 after buying an additional 2,500 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of PVH by 2.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 13,590 shares of the textile maker's stock worth $878,000 after acquiring an additional 377 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in shares of PVH by 9.6% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 209,460 shares of the textile maker's stock valued at $13,539,000 after acquiring an additional 18,370 shares during the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Jesper Andersen acquired 600 shares of PVH stock in a transaction that occurred on Wednesday, June 11th. The stock was purchased at an average price of $66.10 per share, for a total transaction of $39,660.00. Following the completion of the transaction, the director directly owned 736 shares in the company, valued at approximately $48,649.60. This trade represents a 441.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stefan Larsson bought 15,645 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were acquired at an average cost of $63.92 per share, with a total value of $1,000,028.40. Following the completion of the purchase, 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 disclosure for this purchase can be found here. 1.20% of the stock is owned by insiders.

PVH Stock Performance

PVH traded up $1.53 on Wednesday, hitting $73.12. 1,888,932 shares of the company traded hands, compared to its average volume of 1,137,917. PVH Corp. has a 12-month low of $59.28 and a 12-month high of $113.47. The company has a 50 day moving average of $73.60 and a 200-day moving average of $79.41. The company has a quick ratio of 0.53, a current ratio of 1.11 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $3.51 billion, a PE ratio of 10.31, a PEG ratio of 1.41 and a beta of 1.82.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings results 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 business had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.93 billion. During the same quarter in the prior year, the business earned $2.45 earnings per share. The company's quarterly revenue was up 1.6% compared to the same quarter last year. Sell-side analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PVH. Needham & Company LLC reaffirmed a "buy" rating and issued a $115.00 price target on shares of PVH in a report on Thursday, June 5th. Cowen restated a "buy" rating on shares of PVH in a report on Friday, June 6th. BMO Capital Markets cut their price target on shares of PVH from $93.00 to $84.00 and set a "market perform" rating on the stock in a research note on Thursday, June 5th. Barclays reduced their price target 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. Finally, Wall Street Zen raised PVH from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, PVH has an average rating of "Moderate Buy" and a consensus price target of $98.27.

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.