Y Intercept Hong Kong Ltd Purchases New Shares in PVH Corp. (NYSE:PVH)

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

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Proficio Capital Partners LLC acquired a new position in shares of PVH in the 4th quarter valued at $41,000. Kapitalo Investimentos Ltda acquired a new position in shares of PVH in the 4th quarter valued at $47,000. Hoey Investments Inc. bought a new stake in shares of PVH in the fourth quarter worth about $55,000. Allworth Financial LP increased its holdings in shares of PVH by 78.2% in the first quarter. Allworth Financial LP now owns 930 shares of the textile maker's stock worth $60,000 after acquiring an additional 408 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of PVH by 135.7% in the first quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker's stock worth $74,000 after acquiring an additional 661 shares in the last quarter. Institutional investors own 97.25% of the company's stock.

Insider Buying and Selling

In other PVH news, CEO Stefan Larsson bought 15,645 shares of PVH stock in a transaction dated Thursday, June 26th. The stock was bought at an average cost of $63.92 per share, for a total transaction of $1,000,028.40. Following the purchase, the chief executive officer owned 269,438 shares of the company's stock, valued at $17,222,476.96. The trade was a 6.16% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jesper Andersen bought 600 shares of PVH stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average price 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 owned by company insiders.

Wall Street Analysts Forecast Growth

PVH has been the subject of several recent analyst reports. UBS Group lowered their price target on PVH from $150.00 to $146.00 and set a "buy" rating for the company in a report on Friday, June 6th. BMO Capital Markets lowered their price target on PVH from $93.00 to $84.00 and set a "market perform" rating for the company in a report on Thursday, June 5th. Needham & Company LLC restated a "buy" rating and issued a $115.00 price target on shares of PVH in a report on Thursday, June 5th. Barclays lowered their price target on PVH from $87.00 to $83.00 and set an "overweight" rating for the company in a report on Monday, June 9th. Finally, Bank of America lowered their price target on PVH from $86.00 to $76.00 and set a "neutral" rating for the company in a report on Friday, June 6th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, PVH has an average rating of "Moderate Buy" and a consensus target price of $94.20.

PVH Stock Up 0.7%

PVH stock traded up $0.56 during mid-day trading on Friday, reaching $76.76. The company had a trading volume of 772,025 shares, compared to its average volume of 1,257,967. 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 stock has a 50 day simple moving average of $73.07 and a two-hundred day simple moving average of $75.26. 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 1.81. PVH Corp. has a 52 week low of $59.28 and a 52 week high of $113.47.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $1.98 billion during 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 business's revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company earned $2.45 earnings per share. As a group, equities analysts predict that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The business also recently declared 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 was Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a yield of 0.20%. PVH's dividend payout ratio is 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.