PVH Corp. (NYSE:PVH) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its position in PVH Corp. (NYSE:PVH - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 221,835 shares of the textile maker's stock after selling 10,380 shares during the period. Principal Financial Group Inc. owned about 0.37% of PVH worth $27,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC raised its position in shares of PVH by 15.9% during the third quarter. FMR LLC now owns 7,198,557 shares of the textile maker's stock valued at $550,762,000 after buying an additional 987,957 shares during the last quarter. Channing Capital Management LLC lifted its stake in PVH by 648.1% in the 4th quarter. Channing Capital Management LLC now owns 581,289 shares of the textile maker's stock worth $70,987,000 after purchasing an additional 503,586 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in shares of PVH during the 4th quarter valued at about $45,911,000. Invesco Ltd. grew its position in shares of PVH by 51.6% during the third quarter. Invesco Ltd. now owns 422,584 shares of the textile maker's stock valued at $32,332,000 after purchasing an additional 143,832 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of PVH by 28.6% in the fourth quarter. Victory Capital Management Inc. now owns 624,132 shares of the textile maker's stock worth $76,219,000 after purchasing an additional 138,952 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on PVH shares. UBS Group raised their price target on PVH from $158.00 to $159.00 and gave the company a "buy" rating in a report on Wednesday, April 3rd. Guggenheim boosted their price target on shares of PVH from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. increased their price objective 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. Bank of America lowered 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. Finally, Citigroup decreased their target price on shares of PVH from $139.00 to $120.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, PVH has a consensus rating of "Moderate Buy" and a consensus target price of $128.50.

Insider Activity

In other news, EVP James Holmes sold 3,000 shares of the 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 transaction, the executive vice president now directly owns 13,904 shares in the company, valued at $1,507,054.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.78% of the company's stock.

PVH Trading Down 2.0 %

PVH stock traded down $2.30 during midday trading on Friday, reaching $114.08. The stock had a trading volume of 588,986 shares, compared to its average volume of 717,229. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.31. PVH Corp. has a 52-week low of $69.27 and a 52-week high of $141.15. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 1.09 and a beta of 2.24. The company has a fifty day moving average of $118.52 and a 200 day moving average of $115.36.

PVH (NYSE:PVH - Get Free Report) last issued 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 business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.42 billion. PVH had a net margin of 7.20% and a return on equity of 12.96%. The company's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.38 EPS. On average, analysts anticipate that PVH Corp. will post 10.92 earnings per share for the current fiscal year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th will be paid a dividend of $0.0375 per share. The ex-dividend date is Wednesday, June 5th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. PVH's dividend payout ratio is presently 1.38%.

PVH declared that its board has initiated a share buyback plan on Monday, April 1st that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the textile maker to purchase up to 24% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are 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.