PVH Corp. (NYSE:PVH) Holdings Increased by AIA Group Ltd

AIA Group Ltd grew its stake in shares of PVH Corp. (NYSE:PVH) by 261.8% during the first quarter, Holdings Channel reports. The institutional investor owned 13,454 shares of the textile maker’s stock after acquiring an additional 9,735 shares during the period. AIA Group Ltd’s holdings in PVH were worth $870,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kapitalo Investimentos Ltda bought a new stake in shares of PVH during the 4th quarter worth about $47,000. Allworth Financial LP raised its position in shares of PVH by 78.2% during the 1st quarter. Allworth Financial LP now owns 930 shares of the textile maker’s stock worth $60,000 after buying an additional 408 shares in the last quarter. GAMMA Investing LLC raised its position in shares of PVH by 135.7% during the 1st quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker’s stock worth $74,000 after buying an additional 661 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in PVH in the 1st quarter valued at about $82,000. Finally, Central Pacific Bank Trust Division lifted its holdings in PVH by 9.7% in the 1st quarter. Central Pacific Bank Trust Division now owns 1,920 shares of the textile maker’s stock valued at $124,000 after acquiring an additional 170 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors.

PVH Stock Performance

PVH stock opened at $71.88 on Tuesday. 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 stock has a market cap of $3.46 billion, a P/E ratio of 10.14, a P/E/G ratio of 1.50 and a beta of 1.84. The firm has a 50 day simple moving average of $70.83 and a 200 day simple moving average of $73.39. PVH Corp. has a 52 week low of $59.28 and a 52 week high of $113.47.

PVH (NYSE:PVH) last posted its quarterly earnings results on Wednesday, June 4th. The textile maker reported $2.30 EPS for the quarter, topping the consensus estimate of $2.24 by $0.06. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.93 billion. PVH had a net margin of 4.63% and a return on equity of 12.66%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $2.45 earnings per share. Research analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be paid 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 2.12%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PVH shares. Morgan Stanley lowered their price objective on shares of PVH from $86.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Friday, June 6th. Wall Street Zen raised shares of PVH from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $115.00 price objective on shares of PVH in a research note on Thursday, June 5th. Bank of America lowered their price objective on shares of PVH from $86.00 to $76.00 and set a “neutral” rating on the stock in a research note on Friday, June 6th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of PVH from $76.00 to $87.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.40.

Insider Buying and Selling

In other PVH news, Director Jesper Andersen bought 600 shares of PVH stock in a transaction on Wednesday, June 11th. The stock was purchased at an average cost of $66.10 per share, for a total transaction of $39,660.00. Following the completion of the purchase, the director directly owned 736 shares of the company’s stock, valued at $48,649.60. The trade was a 441.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stefan Larsson bought 15,645 shares of PVH stock in a transaction on Thursday, June 26th. The stock was acquired at an average price of $63.92 per share, with a total value of $1,000,028.40. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is 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.