Great Lakes Advisors LLC Makes New $266,000 Investment in PVH Corp. (NYSE:PVH)

Great Lakes Advisors LLC acquired a new position in shares of PVH Corp. (NYSE:PVH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,181 shares of the textile maker’s stock, valued at approximately $266,000.

Several other large investors also recently added to or reduced their stakes in PVH. Lindbrook Capital LLC increased its position in 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 during the last quarter. Quadrant Capital Group LLC lifted its holdings in PVH by 12.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,036 shares of the textile maker’s stock valued at $127,000 after acquiring an additional 115 shares during the last quarter. Treasurer of the State of North Carolina grew its position in PVH by 0.5% in 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 period. Natixis Advisors L.P. increased its stake in PVH by 1.3% during the third quarter. Natixis Advisors L.P. now owns 13,229 shares of the textile maker’s stock worth $1,012,000 after acquiring an additional 165 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in PVH by 3.5% in the third quarter. HighTower Advisors LLC now owns 5,472 shares of the textile maker’s stock valued at $419,000 after purchasing an additional 185 shares during the period. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Stock Down 2.5 %

PVH stock opened at $111.27 on Thursday. The stock has a market cap of $6.30 billion, a PE ratio of 10.26, a P/E/G ratio of 1.09 and a beta of 2.24. 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 stock’s fifty day moving average is $117.41 and its two-hundred day moving average is $115.86. PVH Corp. has a 1-year low of $69.27 and a 1-year high of $141.15.

PVH (NYSE:PVH) last posted its earnings results on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.21. The firm 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 was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.38 earnings per share. On average, sell-side analysts expect that PVH Corp. will post 10.92 EPS for the current fiscal year.

PVH Announces Dividend

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

PVH announced that its Board of Directors has authorized a share buyback program on Monday, April 1st that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the textile maker to reacquire up to 24% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

PVH has been the topic of several research analyst reports. Wedbush upgraded shares of PVH from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $113.00 to $128.00 in a report on Monday, April 15th. 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. Morgan Stanley lowered their price target on PVH from $134.00 to $110.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 3rd. Jefferies Financial Group started coverage on PVH in a report on Tuesday, April 30th. They issued a “hold” rating and a $115.00 price objective on the stock. Finally, Bank of America dropped their target price on PVH from $156.00 to $122.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.50.

Insider Activity at PVH

In other news, EVP James Holmes sold 3,000 shares of PVH stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $108.39, for a total transaction of $325,170.00. Following the sale, the executive vice president now owns 13,904 shares in the company, valued at $1,507,054.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate 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.