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

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

Other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its stake in PVH by 2.3% in the 1st quarter. State of Alaska Department of Revenue now owns 6,517 shares of the textile maker's stock worth $421,000 after buying an additional 149 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in PVH by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker's stock worth $2,579,000 after buying an additional 150 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in PVH by 0.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker's stock worth $3,248,000 after buying an additional 152 shares in the last quarter. Assetmark Inc. increased its stake in PVH by 11.8% in the 4th quarter. Assetmark Inc. now owns 1,451 shares of the textile maker's stock worth $153,000 after buying an additional 153 shares in the last quarter. Finally, Signaturefd LLC increased its stake in PVH by 11.0% in the 4th quarter. Signaturefd LLC now owns 1,569 shares of the textile maker's stock worth $166,000 after buying an additional 156 shares in the last quarter. 97.25% of the stock is owned by institutional investors.

Insider Activity

In other PVH news, Director Jesper Andersen bought 600 shares of the business's stock in a transaction dated 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 completion of the purchase, the director now owns 736 shares in the company, valued at $48,649.60. This represents a 441.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PVH shares. Evercore ISI reduced their target price on PVH from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Thursday, June 5th. Citigroup reaffirmed a "neutral" rating and issued a $68.00 target price (down from $83.00) on shares of PVH in a report on Monday, April 7th. Wells Fargo & Company reduced their target price on PVH from $100.00 to $80.00 and set an "equal weight" rating on the stock in a report on Thursday, June 5th. Jefferies Financial Group raised PVH from a "hold" rating to a "buy" rating and lifted their target price for the stock from $70.00 to $105.00 in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. lifted their target price on PVH from $87.00 to $99.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, PVH presently has an average rating of "Moderate Buy" and an average target price of $98.27.

PVH Trading Up 1.1%

NYSE PVH traded up $0.71 during trading hours on Friday, hitting $65.79. 1,743,657 shares of the company were exchanged, compared to its average volume of 1,122,360. The stock has a market cap of $3.16 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 1.35 and a beta of 1.89. The stock has a 50-day moving average price of $73.62 and a 200 day moving average price of $79.94. PVH Corp. has a 52 week low of $59.28 and a 52 week high of $113.47. 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 released its earnings results on Wednesday, June 4th. The textile maker reported $2.30 EPS for the quarter, beating analysts' consensus estimates of $2.24 by $0.06. The firm had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.93 billion. PVH had a return on equity of 12.66% and a net margin of 4.63%. The company's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.45 earnings per share. Analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were paid a dividend of $0.0375 per share. The ex-dividend date was Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.23%. PVH's dividend payout ratio is 2.12%.

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.