Raymond James & Associates Acquires 265 Shares of PVH Corp. (NYSE:PVH)

Raymond James & Associates boosted its position in shares of PVH Corp. (NYSE:PVH) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,261 shares of the textile maker’s stock after acquiring an additional 265 shares during the period. Raymond James & Associates’ holdings in PVH were worth $642,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. 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 acquiring an additional 488 shares during the last quarter. NBC Securities Inc. purchased a new stake in PVH during the third quarter valued at approximately $223,000. Fox Run Management L.L.C. purchased a new stake in PVH during the third quarter valued at approximately $310,000. Pathstone Family Office LLC raised its holdings in shares of PVH by 42.6% in the third quarter. Pathstone Family Office LLC now owns 4,270 shares of the textile maker’s stock worth $327,000 after buying an additional 1,275 shares during the last quarter. Finally, Seven Eight Capital LP purchased a new position in shares of PVH in the third quarter worth $331,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Stock Performance

NYSE:PVH opened at $112.87 on Thursday. The company’s 50-day moving average price is $125.77 and its 200-day moving average price is $110.38. 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 company has a market cap of $6.51 billion, a P/E ratio of 10.40, a P/E/G ratio of 1.04 and a beta of 2.20. PVH Corp. has a twelve month low of $69.27 and a twelve month high of $141.15.

PVH (NYSE:PVH) last posted its quarterly earnings results on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share for the quarter, topping 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 net margin of 7.20% and a return on equity of 12.96%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the firm posted $2.38 earnings per share. On average, sell-side analysts forecast that PVH Corp. will post 10.93 earnings per share for the current fiscal year.

PVH declared that its Board of Directors has approved a share repurchase program on Monday, April 1st that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the textile maker to purchase up to 24% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders 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 yield of 0.13%. The ex-dividend date of this dividend was Tuesday, March 5th. PVH’s dividend payout ratio (DPR) is presently 1.38%.

Insiders Place Their Bets

In other PVH news, EVP James Holmes sold 3,000 shares of PVH stock in a transaction dated 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 of the company’s stock, valued at $1,507,054.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.78% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PVH. Morgan Stanley decreased their price target on shares of PVH from $134.00 to $110.00 and set an “equal weight” rating for the company in a report on Wednesday, April 3rd. Wedbush raised shares of PVH from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $113.00 to $128.00 in a report on Monday, April 15th. UBS Group raised their price target on shares of PVH from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. 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 report on Wednesday, March 20th. Finally, Telsey Advisory Group decreased their price target on shares of PVH from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Tuesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $129.40.

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.