PVH Corp. (NYSE:PVH) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC increased its stake in PVH Corp. (NYSE:PVH - Free Report) by 10,839.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,758 shares of the textile maker's stock after acquiring an additional 36,422 shares during the quarter. International Assets Investment Management LLC owned approximately 0.06% of PVH worth $4,489,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PVH. Creative Planning boosted its stake in PVH by 2.6% during the 3rd quarter. Creative Planning now owns 5,074 shares of the textile maker's stock worth $388,000 after purchasing an additional 128 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in PVH by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 27,389 shares of the textile maker's stock worth $2,096,000 after purchasing an additional 140 shares during the last quarter. Belpointe Asset Management LLC boosted its stake in PVH by 39.8% during the 1st quarter. Belpointe Asset Management LLC now owns 492 shares of the textile maker's stock worth $44,000 after purchasing an additional 140 shares during the last quarter. Quarry LP boosted its stake in PVH by 81.8% during the 2nd quarter. Quarry LP now owns 320 shares of the textile maker's stock worth $27,000 after purchasing an additional 144 shares during the last quarter. Finally, Natixis Advisors L.P. boosted its stake in PVH by 1.3% during the 3rd quarter. Natixis Advisors L.P. now owns 13,229 shares of the textile maker's stock worth $1,012,000 after purchasing an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PVH. Citigroup lowered their target price on shares of PVH from $139.00 to $120.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 3rd. Wedbush raised shares of PVH from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $113.00 to $128.00 in a research report on Monday. JPMorgan Chase & Co. boosted their price target on shares of PVH from $146.00 to $157.00 and gave the company an "overweight" rating in a research report on Monday, April 8th. Wells Fargo & Company lowered their price target on shares of PVH from $150.00 to $138.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 2nd. Finally, TD Cowen boosted their price target on shares of PVH from $150.00 to $160.00 and gave the company an "outperform" rating in a research report on Wednesday, March 20th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $129.40.

Insider Buying and Selling

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

PVH Trading Down 1.7 %

Shares of PVH stock traded down $1.85 on Wednesday, hitting $105.75. The stock had a trading volume of 921,844 shares, compared to its average volume of 982,833. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 0.66. The firm has a market capitalization of $6.10 billion, a P/E ratio of 9.92, a P/E/G ratio of 1.02 and a beta of 2.20. PVH Corp. has a 1 year low of $69.27 and a 1 year high of $141.15. The company's 50 day moving average price is $127.89 and its 200-day moving average price is $109.12.

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

PVH Dividend Announcement

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

PVH declared that its board has initiated a stock buyback program on Monday, April 1st that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the textile maker to purchase up to 24% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

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.