PVH Corp. (NYSE:PVH) Shares Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC grew its holdings in shares of PVH Corp. (NYSE:PVH) by 93.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,116 shares of the textile maker’s stock after buying an additional 28,000 shares during the quarter. Susquehanna Fundamental Investments LLC owned 0.10% of PVH worth $8,172,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Principal Financial Group Inc. raised its position in PVH by 234.1% in the first quarter. Principal Financial Group Inc. now owns 741,151 shares of the textile maker’s stock valued at $104,213,000 after purchasing an additional 519,316 shares during the period. Channing Capital Management LLC grew its holdings in PVH by 648.1% during the 4th quarter. Channing Capital Management LLC now owns 581,289 shares of the textile maker’s stock valued at $70,987,000 after purchasing an additional 503,586 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in PVH during the 4th quarter worth $45,911,000. Franklin Resources Inc. lifted its holdings in PVH by 1,954.3% in the 4th quarter. Franklin Resources Inc. now owns 352,448 shares of the textile maker’s stock worth $43,041,000 after buying an additional 335,291 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in PVH by 711.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 341,506 shares of the textile maker’s stock valued at $41,705,000 after buying an additional 299,418 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Stock Performance

Shares of NYSE:PVH traded down $1.46 during trading hours on Friday, hitting $107.42. The stock had a trading volume of 673,161 shares, compared to its average volume of 803,108. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 1.55. The stock’s fifty day simple moving average is $113.12 and its 200 day simple moving average is $119.58. The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 0.84 and a beta of 2.14. PVH Corp. has a 1-year low of $69.27 and a 1-year high of $141.15.

PVH (NYSE:PVH) last announced its quarterly earnings results on Tuesday, June 4th. The textile maker reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.31. PVH had a return on equity of 13.14% and a net margin of 7.53%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the previous year, the firm posted $2.14 EPS. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. Sell-side analysts anticipate that PVH Corp. will post 11.24 earnings per share for the current fiscal year.

PVH announced that its Board of Directors has approved a stock repurchase program on Monday, April 1st that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the textile maker to repurchase up to 24% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th were issued a dividend of $0.0375 per share. The ex-dividend date was Wednesday, June 5th. This represents a $0.15 annualized dividend and a yield of 0.14%. PVH’s payout ratio is 1.33%.

Analyst Ratings Changes

PVH has been the subject of a number of analyst reports. Wells Fargo & Company increased their price target on PVH from $138.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, June 6th. Evercore ISI lifted their price target on shares of PVH from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Guggenheim increased their price objective on shares of PVH from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Bank of America increased their price target on shares of PVH from $122.00 to $144.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $140.00 price target on shares of PVH in a report on Thursday, June 6th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $133.81.

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.