New Age Alpha Advisors LLC Buys Shares of 1,262 PVH Corp. (NYSE:PVH)

New Age Alpha Advisors LLC bought a new stake in shares of PVH Corp. (NYSE:PVH) during the 1st quarter, HoldingsChannel.com reports. The firm bought 1,262 shares of the textile maker’s stock, valued at approximately $82,000.

Several other large investors also recently added to or reduced their stakes in PVH. State of Alaska Department of Revenue lifted its position in PVH by 2.3% during the 1st quarter. State of Alaska Department of Revenue now owns 6,517 shares of the textile maker’s stock worth $421,000 after acquiring an additional 149 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in PVH by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker’s stock worth $2,579,000 after acquiring an additional 150 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in PVH by 0.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker’s stock worth $3,248,000 after acquiring an additional 152 shares during the last quarter. Parallel Advisors LLC lifted its position in PVH by 8.9% during the 1st quarter. Parallel Advisors LLC now owns 1,973 shares of the textile maker’s stock worth $128,000 after acquiring an additional 162 shares during the last quarter. Finally, Central Pacific Bank Trust Division lifted its position in PVH by 9.7% during the 1st quarter. Central Pacific Bank Trust Division now owns 1,920 shares of the textile maker’s stock worth $124,000 after acquiring an additional 170 shares during the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Stock Performance

NYSE PVH opened at $71.88 on Tuesday. PVH Corp. has a 52-week low of $59.28 and a 52-week high of $113.47. The company has a 50-day simple moving average of $70.83 and a 200 day simple moving average of $73.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.53 and a current ratio of 1.11. The company has a market capitalization of $3.46 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 1.50 and a beta of 1.84.

PVH (NYSE:PVH) last issued its earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.06. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. PVH had a net margin of 4.63% and a return on equity of 12.66%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $2.45 earnings per share. On average, research analysts predict that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $0.15 annualized dividend and a yield of 0.2%. PVH’s payout ratio is presently 2.12%.

Analyst Ratings Changes

A number of research analysts have weighed in on PVH shares. Morgan Stanley cut their target price on shares of PVH from $86.00 to $64.00 and set an “equal weight” rating for the company in a research report on Friday, June 6th. Wall Street Zen upgraded shares of PVH from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. Bank of America reduced their target price on shares of PVH from $86.00 to $76.00 and set a “neutral” rating for the company in a research note on Friday, June 6th. BMO Capital Markets reduced their target price on shares of PVH from $93.00 to $84.00 and set a “market perform” rating for the company in a research note on Thursday, June 5th. Finally, JPMorgan Chase & Co. increased their target price on shares of PVH from $76.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $93.40.

Insider Activity at PVH

In related news, CEO Stefan Larsson bought 15,645 shares of the company’s stock in a transaction on Thursday, June 26th. The stock was acquired at an average cost of $63.92 per share, for a total transaction of $1,000,028.40. Following the completion of the transaction, the chief executive officer directly owned 269,438 shares in the company, valued at $17,222,476.96. This trade represents a 6.16% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jesper Andersen acquired 600 shares of the stock in a transaction dated Wednesday, June 11th. The stock was acquired at an average price of $66.10 per share, with a total value of $39,660.00. Following the completion of the acquisition, the director owned 736 shares in the company, valued at approximately $48,649.60. The trade was a 441.18% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

About PVH

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.