Lindbrook Capital LLC Boosts Stock Holdings in PVH Corp. (NYSE:PVH)

Lindbrook Capital LLC raised its holdings in shares of PVH Corp. (NYSE:PVH) by 26.8% during the fourth quarter, HoldingsChannel reports. The firm owned 521 shares of the textile maker’s stock after purchasing an additional 110 shares during the period. Lindbrook Capital LLC’s holdings in PVH were worth $64,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in PVH by 7.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,009 shares of the textile maker’s stock valued at $1,589,000 after purchasing an additional 930 shares during the period. Mackenzie Financial Corp increased its position in PVH by 223.0% during the 4th quarter. Mackenzie Financial Corp now owns 102,929 shares of the textile maker’s stock valued at $12,570,000 after purchasing an additional 71,060 shares during the period. Lecap Asset Management Ltd. purchased a new position in PVH during the 4th quarter valued at about $1,895,000. Louisiana State Employees Retirement System purchased a new position in PVH during the 4th quarter valued at about $2,076,000. Finally, Allspring Global Investments Holdings LLC increased 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 purchasing an additional 260 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Insider Buying and Selling at PVH

In related news, EVP James Holmes sold 3,000 shares of the stock in a transaction 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.78% of the company’s stock.

Wall Street Analysts Forecast Growth

PVH has been the topic of a number of analyst reports. Telsey Advisory Group cut their price objective on shares of PVH from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 2nd. TD Cowen lifted 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. Barclays cut their price objective on shares of PVH from $157.00 to $149.00 and set an “overweight” rating on the stock in a research report on Thursday, April 4th. Guggenheim lifted their price objective 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. Finally, UBS Group lifted their price objective on shares of PVH from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Three 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $129.40.

PVH Stock Performance

Shares of NYSE PVH opened at $110.78 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 0.31. PVH Corp. has a 12 month low of $69.27 and a 12 month high of $141.15. The company has a 50 day simple moving average of $125.43 and a two-hundred day simple moving average of $110.38. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 1.08 and a beta of 2.20.

PVH (NYSE:PVH) last announced its quarterly earnings data on Tuesday, April 2nd. The textile maker reported $3.72 EPS for the quarter, beating the consensus estimate of $3.51 by $0.21. PVH had a net margin of 7.20% and a return on equity of 12.96%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the previous year, the business posted $2.38 EPS. The business’s quarterly revenue was up .0% compared to the same quarter last year. As a group, analysts predict that PVH Corp. will post 10.93 earnings per share for the current year.

PVH announced that its Board of Directors has initiated a share buyback 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 repurchase up to 24% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

PVH Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 0.14%. The ex-dividend date 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.