Lecap Asset Management Ltd. Makes New Investment in PVH Corp. (NYSE:PVH)

Lecap Asset Management Ltd. bought a new position in PVH Corp. (NYSE:PVH - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 15,514 shares of the textile maker's stock, valued at approximately $1,895,000.

Several other institutional investors also recently modified their holdings of PVH. Raymond James & Associates boosted its holdings in shares of PVH by 20.3% in the first quarter. Raymond James & Associates now owns 19,681 shares of the textile maker's stock worth $1,508,000 after buying an additional 3,326 shares during the last quarter. HighTower Advisors LLC grew its holdings in PVH by 17.8% during the 1st quarter. HighTower Advisors LLC now owns 6,146 shares of the textile maker's stock worth $472,000 after acquiring an additional 930 shares in the last quarter. Citigroup Inc. grew its holdings in PVH by 29.2% during the 1st quarter. Citigroup Inc. now owns 35,739 shares of the textile maker's stock worth $2,738,000 after acquiring an additional 8,081 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of PVH by 2.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,444 shares of the textile maker's stock valued at $877,000 after buying an additional 226 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of PVH by 21.3% in the 1st quarter. MetLife Investment Management LLC now owns 19,033 shares of the textile maker's stock valued at $1,458,000 after buying an additional 3,336 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PVH has been the subject of a number of recent research reports. TD Cowen raised their price target on shares of PVH from $150.00 to $160.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 20th. Bank of America lowered their price objective on PVH from $156.00 to $122.00 and set a "buy" rating for the company in a research report on Wednesday, April 3rd. Guggenheim upped their price target on PVH from $120.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, April 2nd. UBS Group upped their price target on PVH from $158.00 to $159.00 and gave the stock a "buy" rating in a research note on Wednesday, April 3rd. Finally, Telsey Advisory Group cut their price objective on PVH from $155.00 to $140.00 and set an "outperform" rating for the company in a research report on Tuesday, April 2nd. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, PVH currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.73.

Insider Activity

In other PVH news, EVP James Holmes sold 3,000 shares of the business's stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $108.39, for a total value of $325,170.00. Following the completion of the sale, the executive vice president now directly owns 13,904 shares of the company's stock, valued at $1,507,054.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.78% of the company's stock.

PVH Price Performance

NYSE PVH traded down $2.79 on Friday, hitting $105.59. 1,078,972 shares of the company's stock were exchanged, compared to its average volume of 1,518,171. PVH Corp. has a 52 week low of $69.27 and a 52 week high of $141.15. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 9.73, a P/E/G ratio of 0.63 and a beta of 2.20. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average of $128.45 and a 200-day moving average of $108.44.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings results on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share for the quarter, topping analysts' consensus estimates of $3.51 by $0.21. PVH had a return on equity of 12.96% and a net margin of 7.20%. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period last year, the business posted $2.38 EPS. The business's revenue was up .0% compared to the same quarter last year. Analysts expect that PVH Corp. will post 10.9 earnings per share for the current year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. PVH's dividend payout ratio is 1.38%.

PVH declared that its Board of Directors has authorized a share buyback plan on Monday, April 1st that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the textile maker to buy up to 24% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

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.