PVH Corp. (NYSE:PVH) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in PVH Corp. (NYSE:PVH) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,009 shares of the textile maker’s stock after acquiring an additional 930 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in PVH were worth $1,589,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. FMR LLC grew its stake 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 worth $550,762,000 after purchasing an additional 987,957 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of PVH by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,080,588 shares of the textile maker’s stock worth $159,186,000 after purchasing an additional 10,164 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of PVH by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 658,620 shares of the textile maker’s stock worth $50,391,000 after purchasing an additional 37,300 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of PVH by 9.1% during the third quarter. Victory Capital Management Inc. now owns 485,180 shares of the textile maker’s stock worth $37,121,000 after purchasing an additional 40,514 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of PVH by 51.6% during the third quarter. Invesco Ltd. now owns 422,584 shares of the textile maker’s stock worth $32,332,000 after purchasing an additional 143,832 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Price Performance

Shares of NYSE:PVH opened at $110.78 on Friday. The company has a 50-day simple moving average of $125.43 and a 200-day simple moving average of $110.38. PVH Corp. has a one year low of $69.27 and a one year high of $141.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.66 and a current ratio of 1.18. The stock has a market capitalization 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 earnings results on Tuesday, April 2nd. The textile maker reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.21. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.42 billion. PVH had a net margin of 7.20% and a return on equity of 12.96%. The business’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.38 earnings per share. On average, analysts predict that PVH Corp. will post 10.93 EPS for the current year.

PVH declared that its Board of Directors has authorized a stock repurchase program on Monday, April 1st that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the textile maker to repurchase up to 24% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were issued a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.15 annualized dividend and a yield of 0.14%. PVH’s dividend payout ratio is currently 1.38%.

Insider Buying and Selling

In related news, EVP James Holmes sold 3,000 shares of the 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 completion of the transaction, the executive vice president now directly owns 13,904 shares of the company’s stock, valued at $1,507,054.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.78% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PVH has been the subject of a number of analyst reports. UBS Group boosted their target price on shares of PVH from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Wells Fargo & Company reduced their price target 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. Barclays reduced their price target on shares of PVH from $157.00 to $149.00 and set an “overweight” rating for the company in a research report on Thursday, April 4th. Telsey Advisory Group reduced their price target 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. Finally, JPMorgan Chase & Co. boosted their price target 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. Three 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $129.40.

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.