Fox Run Management L.L.C. Takes $710,000 Position in PVH Corp. (NYSE:PVH)

Fox Run Management L.L.C. purchased a new stake in shares of PVH Corp. (NYSE:PVH) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,983 shares of the textile maker’s stock, valued at approximately $710,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Pzena Investment Management LLC grew its holdings in shares of PVH by 15.1% during the 1st quarter. Pzena Investment Management LLC now owns 6,161,567 shares of the textile maker’s stock valued at $398,284,000 after acquiring an additional 807,301 shares in the last quarter. LSV Asset Management boosted its holdings in PVH by 10.7% in the first quarter. LSV Asset Management now owns 1,327,797 shares of the textile maker’s stock worth $85,829,000 after purchasing an additional 128,559 shares in the last quarter. Voya Investment Management LLC boosted its holdings in PVH by 29.4% in the fourth quarter. Voya Investment Management LLC now owns 679,762 shares of the textile maker’s stock worth $71,885,000 after purchasing an additional 154,295 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in PVH by 3.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 646,995 shares of the textile maker’s stock worth $41,822,000 after purchasing an additional 19,340 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in PVH by 128.6% in the fourth quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker’s stock worth $59,909,000 after purchasing an additional 318,731 shares in the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PVH has been the subject of a number of recent research reports. Bank of America decreased their price objective on shares of PVH from $86.00 to $76.00 and set a “neutral” rating for the company in a report on Friday, June 6th. Wall Street Zen upgraded shares of PVH from a “hold” rating to a “buy” rating in a report on Friday, May 30th. TD Cowen reiterated a “hold” rating and issued a $74.00 price objective (down from $98.00) on shares of PVH in a report on Wednesday, July 9th. Wells Fargo & Company decreased their price objective on shares of PVH from $100.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, June 5th. Finally, Barclays decreased their price objective on shares of PVH from $87.00 to $83.00 and set an “overweight” rating for the company in a report on Monday, June 9th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, PVH presently has a consensus rating of “Moderate Buy” and an average price target of $93.40.

PVH Stock Up 0.9%

NYSE PVH opened at $76.77 on Friday. 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 firm has a 50-day simple moving average of $71.01 and a 200 day simple moving average of $73.09. PVH Corp. has a twelve month low of $59.28 and a twelve month high of $113.47. The stock has a market cap of $3.69 billion, a PE ratio of 10.83, a PEG ratio of 1.58 and a beta of 1.84.

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

PVH Announces Dividend

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

Insider Activity

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

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.