Investors Buy Shares of PVH (PVH) on Weakness

Traders purchased shares of PVH (NYSE:PVH) on weakness during trading on Wednesday. $52.07 million flowed into the stock on the tick-up and $21.33 million flowed out of the stock on the tick-down, for a money net flow of $30.74 million into the stock. Of all companies tracked, PVH had the 24th highest net in-flow for the day. PVH traded down ($0.26) for the day and closed at $161.01

Several equities analysts have weighed in on the company. B. Riley set a $160.00 price target on PVH and gave the company a “buy” rating in a report on Wednesday, April 4th. Zacks Investment Research cut PVH from a “buy” rating to a “hold” rating in a report on Friday, April 6th. Guggenheim restated a “buy” rating and set a $170.00 price target on shares of PVH in a report on Wednesday, April 11th. Wells Fargo set a $180.00 target price on PVH and gave the stock a “buy” rating in a report on Thursday, March 29th. Finally, Deutsche Bank lifted their target price on PVH from $175.00 to $179.00 and gave the stock a “buy” rating in a report on Thursday, March 29th. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $159.32.

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The company has a debt-to-equity ratio of 0.55, a current ratio of 1.62 and a quick ratio of 0.77. The firm has a market cap of $12,341.77, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.35 and a beta of 0.74.

PVH (NYSE:PVH) last posted its quarterly earnings data on Wednesday, March 28th. The textile maker reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.11. PVH had a return on equity of 12.03% and a net margin of 6.03%. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the previous year, the business earned $1.23 EPS. PVH’s revenue was up 18.5% compared to the same quarter last year. analysts forecast that PVH will post 9.14 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Wednesday, February 28th were issued a dividend of $0.038 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date was Tuesday, February 27th. PVH’s payout ratio is currently 1.89%.

In related news, SVP James Holmes sold 1,008 shares of the business’s stock in a transaction on Tuesday, April 10th. The stock was sold at an average price of $157.44, for a total transaction of $158,699.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Fischer sold 1,100 shares of the business’s stock in a transaction on Thursday, April 12th. The shares were sold at an average price of $162.00, for a total value of $178,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,307 shares of company stock valued at $16,306,775. 1.50% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Penserra Capital Management LLC raised its position in PVH by 18.6% during the 4th quarter. Penserra Capital Management LLC now owns 2,240 shares of the textile maker’s stock valued at $307,000 after purchasing an additional 352 shares in the last quarter. CLS Investments LLC raised its position in PVH by 3.3% during the 4th quarter. CLS Investments LLC now owns 11,738 shares of the textile maker’s stock valued at $1,611,000 after purchasing an additional 377 shares in the last quarter. Norinchukin Bank The raised its position in PVH by 7.4% during the 4th quarter. Norinchukin Bank The now owns 6,191 shares of the textile maker’s stock valued at $849,000 after purchasing an additional 429 shares in the last quarter. Lombard Odier Asset Management Switzerland SA raised its position in PVH by 3.2% during the 4th quarter. Lombard Odier Asset Management Switzerland SA now owns 13,820 shares of the textile maker’s stock valued at $1,896,000 after purchasing an additional 431 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in PVH by 5.3% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,251 shares of the textile maker’s stock valued at $1,269,000 after purchasing an additional 463 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

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About PVH

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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