PVH Corp. (NYSE:PVH) Shares Sold by Sound Shore Management Inc. CT

Sound Shore Management Inc. CT lowered its position in shares of PVH Corp. (NYSE:PVH - Free Report) by 0.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 877,907 shares of the textile maker's stock after selling 4,310 shares during the period. Sound Shore Management Inc. CT owned 1.67% of PVH worth $56,748,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in PVH in the fourth quarter valued at $41,000. Raymond James Financial Inc. purchased a new stake in PVH in the fourth quarter valued at $4,923,000. HighTower Advisors LLC lifted its position in PVH by 65.7% in the fourth quarter. HighTower Advisors LLC now owns 9,145 shares of the textile maker's stock valued at $967,000 after acquiring an additional 3,625 shares during the last quarter. American Century Companies Inc. lifted its position in PVH by 203.5% in the fourth quarter. American Century Companies Inc. now owns 454,808 shares of the textile maker's stock valued at $48,096,000 after acquiring an additional 304,973 shares during the last quarter. Finally, Sei Investments Co. lifted its position in PVH by 28.0% in the fourth quarter. Sei Investments Co. now owns 230,735 shares of the textile maker's stock valued at $24,400,000 after acquiring an additional 50,417 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PVH. BMO Capital Markets reduced their price target on shares of PVH from $93.00 to $84.00 and set a "market perform" rating for the company in a research report on Thursday, June 5th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $90.00 target price on shares of PVH in a report on Thursday, June 5th. Bank of America reduced their target price on shares of PVH from $86.00 to $76.00 and set a "neutral" rating for the company in a report on Friday, June 6th. Wall Street Zen raised shares of PVH from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Finally, TD Cowen reissued a "hold" rating and set a $74.00 price target (down from $98.00) on shares of PVH in a report on Wednesday, July 9th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $94.20.

Insider Activity at PVH

In other news, CEO Stefan Larsson bought 15,645 shares of the stock in a transaction on Thursday, June 26th. The stock was purchased at an average cost of $63.92 per share, with a total value 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. The trade was a 6.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Jesper Andersen bought 600 shares of the stock in a transaction on Wednesday, June 11th. The stock was purchased at an average cost of $66.10 per share, with a total value of $39,660.00. Following the completion of the purchase, the director directly 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. 1.20% of the stock is currently owned by insiders.

PVH Price Performance

Shares of PVH traded up $0.56 during mid-day trading on Friday, reaching $76.76. 772,025 shares of the company's stock were exchanged, compared to its average volume of 1,257,967. 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 company has a 50-day simple moving average of $73.07 and a two-hundred day simple moving average of $75.46. PVH Corp. has a 52-week low of $59.28 and a 52-week high of $113.47. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 1.57 and a beta of 1.81.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The textile maker reported $2.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.24 by $0.06. PVH had a net margin of 4.63% and a return on equity of 12.66%. The business had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.93 billion. During the same period last year, the company posted $2.45 EPS. The company's revenue was up 1.6% on a year-over-year basis. On average, sell-side analysts predict that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.15 annualized dividend and a yield of 0.20%. PVH's payout ratio is currently 2.12%.

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.