Sound Shore Management Inc. CT Has $56.75 Million Stock Position in PVH Corp. (NYSE:PVH)

Sound Shore Management Inc. CT decreased its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 0.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 877,907 shares of the textile maker's stock after selling 4,310 shares during the period. Sound Shore Management Inc. CT owned approximately 1.67% of PVH worth $56,748,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PVH. Kapitalo Investimentos Ltda acquired a new stake in shares of PVH during the fourth quarter worth $47,000. Hoey Investments Inc. acquired a new position in shares of PVH during the fourth quarter worth $55,000. Allworth Financial LP lifted its position in shares of PVH by 78.2% during the first quarter. Allworth Financial LP now owns 930 shares of the textile maker's stock worth $60,000 after purchasing an additional 408 shares in the last quarter. GAMMA Investing LLC raised its holdings in PVH by 135.7% in the first quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker's stock valued at $74,000 after acquiring an additional 661 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its holdings in PVH by 9.7% in the first quarter. Central Pacific Bank Trust Division now owns 1,920 shares of the textile maker's stock valued at $124,000 after acquiring an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company's stock.

PVH Price Performance

Shares of NYSE PVH traded down $0.04 during mid-day trading on Monday, reaching $76.81. 261,183 shares of the company traded hands, compared to its average volume of 1,459,782. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $113.47. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.11 and a quick ratio of 0.53. The firm has a market cap of $3.69 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 1.58 and a beta of 1.81. The stock has a fifty day simple moving average of $73.07 and a 200-day simple moving average of $75.06.

PVH (NYSE:PVH - Get Free Report) last issued its earnings results 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 firm had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.93 billion. During the same period last year, the firm posted $2.45 earnings per share. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. Equities research analysts anticipate that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $115.00 target price on shares of PVH in a research report on Thursday, June 5th. Cowen reaffirmed a "buy" rating on shares of PVH in a report on Friday, June 6th. Morgan Stanley reduced their target price on shares of PVH from $86.00 to $64.00 and set an "equal weight" rating for the company in a research note on Friday, June 6th. BMO Capital Markets dropped 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. Finally, TD Cowen reiterated a "hold" rating and set a $74.00 price objective (down from $98.00) on shares of PVH in a research report on Wednesday, July 9th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $93.40.

Insiders Place Their Bets

In other PVH news, Director Jesper Andersen purchased 600 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average price of $66.10 per share, for a total transaction of $39,660.00. Following the acquisition, the director owned 736 shares of the company's stock, valued at $48,649.60. This trade represents a 441.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Stefan Larsson purchased 15,645 shares of the firm's stock in a transaction on Thursday, June 26th. The shares were purchased at an average price of $63.92 per share, with a total value of $1,000,028.40. Following the completion of the acquisition, the chief executive officer directly owned 269,438 shares of the company's stock, valued at approximately $17,222,476.96. This trade represents a 6.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.

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.