Inceptionr LLC Makes New $217,000 Investment in PVH Corp. (NYSE:PVH)

Inceptionr LLC acquired a new stake in shares of PVH Corp. (NYSE:PVH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,778 shares of the textile maker’s stock, valued at approximately $217,000.

Other hedge funds also recently added to or reduced their stakes in the company. Lindbrook Capital LLC grew its position in shares of PVH by 26.8% during the fourth quarter. Lindbrook Capital LLC now owns 521 shares of the textile maker’s stock worth $64,000 after purchasing an additional 110 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in shares of PVH by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 27,389 shares of the textile maker’s stock worth $2,096,000 after acquiring an additional 140 shares during the last quarter. Natixis Advisors L.P. lifted its stake in PVH by 1.3% in the 3rd quarter. Natixis Advisors L.P. now owns 13,229 shares of the textile maker’s stock worth $1,012,000 after purchasing an additional 165 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of PVH by 3.5% in the third quarter. HighTower Advisors LLC now owns 5,472 shares of the textile maker’s stock worth $419,000 after purchasing an additional 185 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in PVH by 1.4% during the third quarter. Arizona State Retirement System now owns 17,857 shares of the textile maker’s stock valued at $1,366,000 after buying an additional 242 shares during the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Stock Down 1.3 %

NYSE:PVH traded down $1.55 during midday trading on Friday, hitting $114.83. 186,160 shares of the company were exchanged, compared to its average volume of 918,023. 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 fifty-two week low of $69.27 and a fifty-two week high of $141.15. The company has a market capitalization of $6.50 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.11 and a beta of 2.24. The company has a fifty day simple moving average of $118.93 and a 200 day simple moving average of $114.50.

PVH (NYSE:PVH) last issued its quarterly earnings data on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.21. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.42 billion. PVH had a return on equity of 12.96% and a net margin of 7.20%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.38 earnings per share. As a group, equities analysts anticipate that PVH Corp. will post 10.92 earnings per share for the current fiscal year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, June 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. PVH’s payout ratio is 1.38%.

PVH declared that its Board of Directors has initiated a stock repurchase program on Monday, April 1st that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the textile maker to purchase up to 24% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms have commented on PVH. Telsey Advisory Group lowered their price objective 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. Citigroup dropped their price target on PVH from $139.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, April 3rd. UBS Group upped their price objective on PVH from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Guggenheim boosted their target price on PVH from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, Wedbush upgraded shares of PVH from a “neutral” rating to an “outperform” rating and upped their price target for the company from $113.00 to $128.00 in a report on Monday, April 15th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $128.50.

Insider Activity at PVH

In other PVH news, EVP James Holmes sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $108.39, for a total transaction of $325,170.00. Following the transaction, the executive vice president now owns 13,904 shares in the company, valued at approximately $1,507,054.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.78% of the stock is currently owned by insiders.

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.