PVH Corp. (NYSE:PVH) Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. trimmed its holdings in shares of PVH Corp. (NYSE:PVH) by 1.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,151 shares of the textile maker’s stock after selling 191 shares during the period. Ameritas Investment Partners Inc.’s holdings in PVH were worth $1,849,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Edgestream Partners L.P. acquired a new stake in PVH in the first quarter valued at $2,807,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of PVH by 8.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 43,582 shares of the textile maker’s stock valued at $6,090,000 after purchasing an additional 3,527 shares during the period. Twin Tree Management LP purchased a new stake in PVH during the first quarter worth about $1,576,000. Blair William & Co. IL grew its position in PVH by 2.9% during the first quarter. Blair William & Co. IL now owns 3,311 shares of the textile maker’s stock worth $466,000 after buying an additional 92 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its holdings in PVH by 20.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 75,192 shares of the textile maker’s stock valued at $10,573,000 after buying an additional 12,840 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Trading Down 2.1 %

Shares of NYSE:PVH traded down $2.13 during midday trading on Wednesday, reaching $98.87. The company’s stock had a trading volume of 397,144 shares, compared to its average volume of 901,430. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 0.79 and a beta of 2.14. The business has a 50 day moving average price of $111.51 and a 200 day moving average price of $118.73. PVH Corp. has a 1 year low of $69.27 and a 1 year high of $141.15. The company has a quick ratio of 0.83, a current ratio of 1.55 and a debt-to-equity ratio of 0.42.

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

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th were paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date of this dividend was Wednesday, June 5th. PVH’s dividend payout ratio is currently 1.33%.

PVH announced that its board has approved a share repurchase program on Monday, April 1st that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the textile maker to purchase up to 24% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

PVH has been the topic of several research analyst reports. StockNews.com raised PVH from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 12th. Citigroup lowered their target price on PVH from $139.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, April 3rd. Guggenheim lifted their price target on PVH from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Telsey Advisory Group reissued an “outperform” rating and issued a $140.00 price objective on shares of PVH in a research note on Thursday, June 6th. Finally, BMO Capital Markets lifted their target price on shares of PVH from $110.00 to $119.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 5th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, PVH presently has an average rating of “Moderate Buy” and an average price target of $133.81.

About PVH

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.