Y Intercept Hong Kong Ltd Buys Shares of 29,526 PVH Corp. (NYSE:PVH)

Y Intercept Hong Kong Ltd bought a new stake in shares of PVH Corp. (NYSE:PVH - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 29,526 shares of the textile maker's stock, valued at approximately $1,909,000. Y Intercept Hong Kong Ltd owned approximately 0.06% of PVH at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. FMR LLC lifted its holdings in PVH by 0.4% in the 4th quarter. FMR LLC now owns 6,826,021 shares of the textile maker's stock valued at $721,852,000 after purchasing an additional 29,578 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in PVH by 15.1% in the 1st quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker's stock valued at $398,284,000 after purchasing an additional 807,301 shares in the last quarter. LSV Asset Management lifted its holdings in PVH by 1.3% in the 4th quarter. LSV Asset Management now owns 1,199,238 shares of the textile maker's stock valued at $126,819,000 after purchasing an additional 15,900 shares in the last quarter. Voya Investment Management LLC increased its stake in shares of PVH by 29.4% in the 4th quarter. Voya Investment Management LLC now owns 679,762 shares of the textile maker's stock worth $71,885,000 after acquiring an additional 154,295 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of PVH by 128.6% in the 4th quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker's stock worth $59,909,000 after acquiring an additional 318,731 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company's stock.

Insider Buying and Selling

In related news, CEO Stefan Larsson bought 15,645 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were acquired 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 owned 269,438 shares in the company, valued at approximately $17,222,476.96. This trade represents a 6.16% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jesper Andersen bought 600 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was bought at an average cost 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 approximately $48,649.60. This trade represents a 441.18% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

PVH has been the subject of a number of recent research reports. TD Cowen reaffirmed a "hold" rating and issued a $74.00 target price (down from $98.00) on shares of PVH in a research note on Wednesday, July 9th. UBS Group cut their price objective on PVH from $150.00 to $146.00 and set a "buy" rating for the company in a research report on Friday, June 6th. BMO Capital Markets cut their price objective on PVH from $93.00 to $84.00 and set a "market perform" rating for the company in a research report on Thursday, June 5th. Cowen reissued a "buy" rating on shares of PVH in a research report on Friday, June 6th. Finally, Needham & Company LLC reissued a "buy" rating and set a $115.00 price objective on shares of PVH in a research report on Thursday, June 5th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $94.20.

PVH Stock Up 0.9%

PVH stock traded up $0.67 during trading on Friday, hitting $76.87. 417,579 shares of the company's stock were exchanged, compared to its average volume of 1,465,748. The business has a 50-day moving average price of $73.26 and a two-hundred day moving average price of $75.65. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 1.60 and a beta of 1.81. PVH Corp. has a 52-week low of $59.28 and a 52-week high of $113.47. 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 posted its earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.06. The firm had revenue of $1.98 billion during 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 firm's revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.45 earnings per share. As a group, equities research analysts expect that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were issued a $0.0375 dividend. 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 payout ratio is currently 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.