US Bancorp DE Sells 387 Shares of PVH Corp. (NYSE:PVH)

US Bancorp DE cut its stake in shares of PVH Corp. (NYSE:PVH) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,075 shares of the textile maker’s stock after selling 387 shares during the period. US Bancorp DE’s holdings in PVH were worth $781,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PVH. Wells Fargo & Company MN lifted its stake in PVH by 62.2% during the 4th quarter. Wells Fargo & Company MN now owns 27,180 shares of the textile maker’s stock valued at $2,874,000 after acquiring an additional 10,424 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of PVH by 0.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker’s stock valued at $3,248,000 after purchasing an additional 152 shares during the last quarter. Cerity Partners LLC increased its position in shares of PVH by 122.5% during the 4th quarter. Cerity Partners LLC now owns 8,342 shares of the textile maker’s stock valued at $868,000 after purchasing an additional 4,592 shares during the last quarter. Invesco Ltd. increased its position in shares of PVH by 14.1% during the 4th quarter. Invesco Ltd. now owns 294,189 shares of the textile maker’s stock valued at $31,111,000 after purchasing an additional 36,395 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of PVH during the 4th quarter valued at $4,923,000. 97.25% of the stock is currently owned by institutional investors.

PVH Stock Performance

NYSE:PVH opened at $72.94 on Monday. The business has a 50 day moving average of $71.04 and a 200 day moving average of $73.52. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 1.50 and a beta of 1.84. PVH Corp. has a 1-year low of $59.28 and a 1-year high of $113.47. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.11 and a quick ratio of 0.53.

PVH (NYSE:PVH) last released 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 company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.93 billion. PVH had a return on equity of 12.66% and a net margin of 4.63%. PVH’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.45 EPS. On average, sell-side analysts predict that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

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

Insider Buying and Selling

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

Analysts Set New Price Targets

PVH has been the subject of several research analyst reports. Wells Fargo & Company decreased their price objective on PVH from $100.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, June 5th. Barclays decreased their price objective on PVH from $87.00 to $83.00 and set an “overweight” rating for the company in a report on Monday, June 9th. Needham & Company LLC reissued a “buy” rating and issued a $115.00 price objective on shares of PVH in a report on Thursday, June 5th. BMO Capital Markets decreased their price objective on PVH from $93.00 to $84.00 and set a “market perform” rating for the company in a report on Thursday, June 5th. Finally, Cowen restated a “buy” rating on shares of PVH in a research note on Friday, June 6th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $93.40.

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.