Victory Capital Management Inc. Has $10.80 Million Stake in PVH Corp. (NYSE:PVH)

Victory Capital Management Inc. trimmed its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 75.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 167,113 shares of the textile maker's stock after selling 515,123 shares during the period. Victory Capital Management Inc. owned approximately 0.32% of PVH worth $10,802,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in PVH during the fourth quarter valued at $41,000. Kapitalo Investimentos Ltda acquired a new position in PVH in the 4th quarter worth about $47,000. Hoey Investments Inc. acquired a new position in PVH in the 4th quarter worth about $55,000. Allworth Financial LP increased its position in PVH by 78.2% in the 1st quarter. Allworth Financial LP now owns 930 shares of the textile maker's stock worth $60,000 after purchasing an additional 408 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in PVH by 135.7% in the 1st quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker's stock worth $74,000 after purchasing an additional 661 shares during the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Stock Performance

NYSE:PVH traded up $0.06 during mid-day trading on Monday, hitting $76.91. 1,219,163 shares of the company's stock traded hands, compared to its average volume of 1,209,372. The firm has a 50 day moving average of $72.91 and a two-hundred day moving average of $74.90. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $113.47. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 1.58 and a beta of 1.81. The company has a current ratio of 1.11, a quick ratio of 0.53 and a debt-to-equity ratio of 0.37.

PVH (NYSE:PVH - Get Free Report) last announced its earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share for the quarter, beating 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 firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the company earned $2.45 EPS. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have weighed in on PVH. Wells Fargo & Company dropped their target price on PVH from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Thursday, June 5th. BMO Capital Markets dropped their target price on PVH from $93.00 to $84.00 and set a "market perform" rating on the stock in a research report on Thursday, June 5th. Wall Street Zen raised PVH from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. 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. Finally, Morgan Stanley dropped their target price on PVH from $86.00 to $64.00 and set an "equal weight" rating on the stock in a research report on Friday, June 6th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.40.

Insider Buying and Selling

In other news, Director Jesper Andersen bought 600 shares of the business's stock in a transaction that occurred on 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 purchase, the director owned 736 shares of the company's stock, valued at $48,649.60. This trade represents a 441.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stefan Larsson bought 15,645 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was purchased at an average price of $63.92 per share, with a total value of $1,000,028.40. Following the completion of the purchase, the chief executive officer directly owned 269,438 shares of the company's stock, valued at $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 currently owned by company insiders.

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.