GAMMA Investing LLC Takes Position in PVH Corp. (NYSE:PVH)

GAMMA Investing LLC bought a new position in PVH Corp. (NYSE:PVH) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 315 shares of the textile maker’s stock, valued at approximately $38,000.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its stake in PVH by 15.9% in the 3rd quarter. FMR LLC now owns 7,198,557 shares of the textile maker’s stock valued at $550,762,000 after buying an additional 987,957 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of PVH in the 4th quarter worth approximately $45,911,000. Invesco Ltd. grew its position in PVH by 51.6% during the 3rd quarter. Invesco Ltd. now owns 422,584 shares of the textile maker’s stock worth $32,332,000 after acquiring an additional 143,832 shares during the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new stake in PVH during the 4th quarter valued at $13,569,000. Finally, New York State Common Retirement Fund increased its stake in shares of PVH by 165.7% in the fourth quarter. New York State Common Retirement Fund now owns 173,154 shares of the textile maker’s stock valued at $21,146,000 after buying an additional 107,983 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Stock Performance

PVH opened at $113.22 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 0.66. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 1.08 and a beta of 2.24. The business’s 50-day moving average price is $122.87 and its two-hundred day moving average price is $111.98. PVH Corp. has a 1 year low of $69.27 and a 1 year high of $141.15.

PVH (NYSE:PVH) last posted its quarterly earnings data on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.21. PVH had a net margin of 7.20% and a return on equity of 12.96%. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period last year, the company earned $2.38 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. Equities analysts expect that PVH Corp. will post 10.92 EPS for the current fiscal year.

PVH Announces Dividend

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

PVH declared that its board has authorized a stock repurchase program on Monday, April 1st that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the textile maker to purchase up to 24% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PVH shares. Barclays dropped their target price on shares of PVH from $157.00 to $149.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Citigroup reduced their target price on shares of PVH from $139.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. increased their price objective on shares of PVH from $146.00 to $157.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Wells Fargo & Company reduced their price target on PVH from $150.00 to $138.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 2nd. Finally, UBS Group boosted their target price on PVH from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, PVH has a consensus rating of “Moderate Buy” and a consensus price target of $128.50.

Insider Buying and Selling

In related news, EVP James Holmes sold 3,000 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $108.39, for a total value of $325,170.00. Following the completion of the transaction, the executive vice president now directly owns 13,904 shares of the company’s stock, valued at $1,507,054.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.78% of the stock is currently owned by corporate 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.