Alexander Randolph Advisory Inc. Takes $4.55 Million Position in PVH Corp. (NYSE:PVH)

Alexander Randolph Advisory Inc. acquired a new stake in PVH Corp. (NYSE:PVH - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 37,257 shares of the textile maker's stock, valued at approximately $4,550,000. PVH comprises approximately 4.1% of Alexander Randolph Advisory Inc.'s investment portfolio, making the stock its 6th largest position. Alexander Randolph Advisory Inc. owned 0.06% of PVH at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its position in PVH by 2,600.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker's stock worth $33,000 after purchasing an additional 260 shares during the period. GAMMA Investing LLC acquired a new stake in PVH during the 4th quarter valued at approximately $38,000. Lindbrook Capital LLC increased its position in PVH by 26.8% during the 4th quarter. Lindbrook Capital LLC now owns 521 shares of the textile maker's stock valued at $64,000 after purchasing an additional 110 shares during the period. Planned Solutions Inc. acquired a new stake in shares of PVH during the 4th quarter worth approximately $130,000. Finally, SG Americas Securities LLC grew its position in shares of PVH by 26.9% during the 3rd quarter. SG Americas Securities LLC now owns 2,304 shares of the textile maker's stock worth $176,000 after buying an additional 488 shares during the period. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PVH

In other news, EVP James Holmes sold 3,000 shares of PVH 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 sale, the executive vice president now directly owns 13,904 shares in the company, valued at approximately $1,507,054.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.78% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Bank of America reduced their price objective on shares of PVH from $156.00 to $122.00 and set a "buy" rating for the company in a research report on Wednesday, April 3rd. Wells Fargo & Company reduced their price objective on shares of PVH from $150.00 to $138.00 and set an "overweight" rating for the company in a research report on Tuesday, April 2nd. Telsey Advisory Group reduced their price objective on shares of PVH from $155.00 to $140.00 and set an "outperform" rating for the company in a research report on Tuesday, April 2nd. TD Cowen raised their price objective 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. Finally, UBS Group increased their target price on PVH from $158.00 to $159.00 and gave the stock a "buy" rating in a report on Wednesday, April 3rd. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $129.40.

PVH Stock Up 0.2 %

NYSE:PVH traded up $0.24 during trading hours on Friday, hitting $111.03. 811,773 shares of the company traded hands, compared to its average volume of 1,551,479. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.31. The firm's 50-day simple moving average is $125.01 and its 200-day simple moving average is $111.15. PVH Corp. has a one year low of $69.27 and a one year high of $141.15. The company has a market cap of $6.41 billion, a PE ratio of 10.23, a PEG ratio of 1.06 and a beta of 2.20.

PVH (NYSE:PVH - Get Free Report) last released its earnings results on Tuesday, April 2nd. The textile maker reported $3.72 EPS for the quarter, topping analysts' consensus estimates of $3.51 by $0.21. The company had revenue of $2.49 billion for the quarter, compared to analysts' expectations of $2.42 billion. PVH had a return on equity of 12.96% and a net margin of 7.20%. The business's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.38 EPS. Equities analysts predict that PVH Corp. will post 10.93 earnings per share for the current year.

PVH announced that its Board of Directors has authorized a stock repurchase program on Monday, April 1st that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the textile maker to reacquire up to 24% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

PVH Announces Dividend

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

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.