Atlas Capital Advisors LLC Sells 344 Shares of PVH Corp. (NYSE:PVH)

Atlas Capital Advisors LLC decreased its holdings in PVH Corp. (NYSE:PVH) by 10.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,895 shares of the textile maker’s stock after selling 344 shares during the quarter. Atlas Capital Advisors LLC’s holdings in PVH were worth $407,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lindbrook Capital LLC increased its stake in shares of PVH by 26.8% in the fourth quarter. Lindbrook Capital LLC now owns 521 shares of the textile maker’s stock valued at $64,000 after buying an additional 110 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in PVH by 15.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 810 shares of the textile maker’s stock worth $99,000 after purchasing an additional 110 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in PVH by 12.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,036 shares of the textile maker’s stock worth $127,000 after purchasing an additional 115 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in shares of PVH by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 27,389 shares of the textile maker’s stock worth $2,096,000 after purchasing an additional 140 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of PVH by 1.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,840 shares of the textile maker’s stock valued at $1,202,000 after purchasing an additional 141 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP James Holmes sold 3,000 shares of the firm’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $108.39, for a total transaction of $325,170.00. Following the completion of the sale, the executive vice president now directly owns 13,904 shares of the company’s stock, valued at approximately $1,507,054.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PVH shares. Morgan Stanley boosted their target price on shares of PVH from $110.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, June 6th. Wedbush reaffirmed an “outperform” rating and set a $128.00 target price on shares of PVH in a research note on Wednesday, June 5th. Telsey Advisory Group restated an “outperform” rating and set a $140.00 price target on shares of PVH in a report on Thursday, June 6th. StockNews.com upgraded shares of PVH from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 21st. Finally, Evercore ISI increased their target price on shares of PVH from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $133.81.

PVH Stock Down 2.2 %

Shares of NYSE:PVH opened at $106.98 on Friday. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 0.85 and a beta of 2.15. The business’s 50 day moving average is $114.24 and its 200 day moving average is $120.53. PVH Corp. has a 12-month low of $69.27 and a 12-month 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 data on Tuesday, June 4th. The textile maker reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.31. PVH had a net margin of 7.53% and a return on equity of 13.14%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the firm earned $2.14 EPS. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. On average, sell-side analysts forecast that PVH Corp. will post 11.26 earnings per share for the current fiscal year.

PVH declared that its board has approved a stock repurchase plan on Monday, April 1st that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the textile maker to buy up to 24% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date was Wednesday, June 5th. PVH’s payout ratio is 1.33%.

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.