Jackson Creek Investment Advisors LLC Takes $963,000 Position in PVH Corp. (NYSE:PVH)

Jackson Creek Investment Advisors LLC bought a new stake in shares of PVH Corp. (NYSE:PVH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,885 shares of the textile maker's stock, valued at approximately $963,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in PVH by 2,600.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker's stock valued at $33,000 after acquiring an additional 260 shares in the last quarter. GAMMA Investing LLC purchased a new stake in PVH in the fourth quarter worth $38,000. Lindbrook Capital LLC raised its holdings in PVH by 26.8% in the fourth quarter. Lindbrook Capital LLC now owns 521 shares of the textile maker's stock worth $64,000 after purchasing an additional 110 shares in the last quarter. Planned Solutions Inc. purchased a new position in PVH during the fourth quarter valued at $130,000. Finally, SG Americas Securities LLC lifted its position in PVH by 26.9% during the third quarter. SG Americas Securities LLC now owns 2,304 shares of the textile maker's stock valued at $176,000 after buying an additional 488 shares during the period. Hedge funds and other institutional investors own 97.25% of the company's stock.

Analyst Upgrades and Downgrades

PVH has been the subject of several research reports. Wells Fargo & Company decreased their price target on shares of PVH from $150.00 to $138.00 and set an "overweight" rating for the company in a research note on Tuesday, April 2nd. Bank of America lowered their target price on shares of PVH from $156.00 to $122.00 and set a "buy" rating for the company in a report on Wednesday, April 3rd. Barclays cut their price target on PVH from $157.00 to $149.00 and set an "overweight" rating on the stock in a research note on Thursday, April 4th. JPMorgan Chase & Co. lifted their price objective on PVH from $146.00 to $157.00 and gave the company an "overweight" rating in a research note on Monday, April 8th. Finally, Jefferies Financial Group began coverage on PVH in a report on Tuesday. They issued a "hold" rating and a $115.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, PVH has an average rating of "Moderate Buy" and an average target price of $128.50.

Insider Buying and Selling

In other PVH news, EVP James Holmes sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $108.39, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.78% of the stock is currently owned by insiders.

PVH Stock Performance

PVH stock traded down $4.10 during midday trading on Tuesday, reaching $108.80. 847,632 shares of the company traded hands, compared to its average volume of 973,135. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 0.66. PVH Corp. has a 12 month low of $69.27 and a 12 month high of $141.15. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 1.06 and a beta of 2.20. The business has a 50 day moving average of $124.64 and a two-hundred day moving average of $111.45.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings results on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the business posted $2.38 EPS. As a group, research analysts predict that PVH Corp. will post 10.93 earnings per share for the current year.

PVH Dividend Announcement

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

PVH announced that its board has initiated a stock buyback program on Monday, April 1st that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the textile maker to purchase up to 24% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management 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.