Russell Investments Group Ltd. Has $20.02 Million Holdings in PVH Corp. (NYSE:PVH)

Key Points

• Russell Investments Group Ltd. reduced its stake in PVH Corp. by 2.0%, holding 309,773 shares worth approximately $20.02 million as of the latest SEC filing.
• Multiple institutional investors, including the State of Alaska Department of Revenue and ProShare Advisors LLC, have increased their positions in PVH, indicating strong institutional interest in the stock.
• PVH recently announced a $0.0375 quarterly dividend, signaling ongoing commitment to returning value to shareholders despite fluctuating stock prices.

Russell Investments Group Ltd. lowered its stake in PVH Corp. (NYSE:PVH - Free Report) by 2.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 309,773 shares of the textile maker's stock after selling 6,406 shares during the period. Russell Investments Group Ltd. owned approximately 0.59% of PVH worth $20,024,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PVH. State of Alaska Department of Revenue increased its stake in shares of 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 worth $421,000 after purchasing an additional 149 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of PVH by 0.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker's stock worth $3,248,000 after purchasing an additional 152 shares during the period. Parallel Advisors LLC increased its stake in shares of PVH by 8.9% in the first quarter. Parallel Advisors LLC now owns 1,973 shares of the textile maker's stock worth $128,000 after purchasing an additional 162 shares during the period. Central Pacific Bank Trust Division increased its stake in shares of PVH by 9.7% in the first quarter. Central Pacific Bank Trust Division now owns 1,920 shares of the textile maker's stock worth $124,000 after purchasing an additional 170 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of PVH by 7.2% in the fourth quarter. ProShare Advisors LLC now owns 2,611 shares of the textile maker's stock worth $276,000 after purchasing an additional 176 shares during the period. Institutional investors and hedge funds own 97.25% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on PVH. TD Cowen reiterated a "hold" rating and issued a $74.00 price objective (down from $98.00) on shares of PVH in a research note on Wednesday, July 9th. Wells Fargo & Company lowered their price target on PVH from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Thursday, June 5th. BMO Capital Markets lowered their price target on 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 lowered their price target on PVH from $87.00 to $83.00 and set an "overweight" rating on the stock in a research note on Monday, June 9th. Finally, Evercore ISI lowered their price target on PVH from $105.00 to $95.00 and set an "outperform" rating on the stock in a research note on Thursday, June 5th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $93.40.

PVH Stock Up 0.9%

NYSE PVH opened at $76.77 on Friday. 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 stock's 50 day moving average is $71.01 and its two-hundred day moving average is $73.09. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 1.58 and a beta of 1.84. PVH Corp. has a 1-year low of $59.28 and a 1-year high of $113.47.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The textile maker reported $2.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.24 by $0.06. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $2.45 earnings per share. Equities analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

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

Insider Activity at PVH

In other PVH news, CEO Stefan Larsson bought 15,645 shares of PVH 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 acquisition, the chief executive officer directly owned 269,438 shares of the company's stock, valued at $17,222,476.96. The trade was a 6.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jesper Andersen bought 600 shares of PVH stock in a transaction dated Wednesday, June 11th. The stock was acquired at an average cost of $66.10 per share, for a total transaction of $39,660.00. Following the completion of the acquisition, the director directly owned 736 shares in the company, valued at $48,649.60. This represents a 441.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is owned by insiders.

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.

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