American Trust Acquires Shares of 1,512 PVH Corp. (NYSE:PVH)

American Trust purchased a new stake in PVH Corp. (NYSE:PVH) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,512 shares of the textile maker’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Principal Financial Group Inc. lifted its holdings in PVH by 234.1% during the 1st quarter. Principal Financial Group Inc. now owns 741,151 shares of the textile maker’s stock worth $104,213,000 after buying an additional 519,316 shares during the period. Channing Capital Management LLC raised its stake in PVH by 648.1% during the 4th quarter. Channing Capital Management LLC now owns 581,289 shares of the textile maker’s stock worth $70,987,000 after buying an additional 503,586 shares during the period. Wedge Capital Management L L P NC acquired a new position in PVH during the 4th quarter worth approximately $45,911,000. Franklin Resources Inc. increased its holdings in PVH by 1,954.3% during the 4th quarter. Franklin Resources Inc. now owns 352,448 shares of the textile maker’s stock worth $43,041,000 after purchasing an additional 335,291 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in PVH by 711.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 341,506 shares of the textile maker’s stock worth $41,705,000 after purchasing an additional 299,418 shares in the last quarter. Institutional investors own 97.25% of the company’s stock.

PVH Trading Down 4.3 %

Shares of NYSE PVH traded down $4.28 during midday trading on Friday, reaching $94.80. 841,268 shares of the stock were exchanged, compared to its average volume of 829,937. The stock has a 50 day moving average price of $109.07 and a 200-day moving average price of $117.52. The company has a current ratio of 1.55, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. PVH Corp. has a 52-week low of $69.27 and a 52-week high of $141.15. The company has a market capitalization of $5.30 billion, a P/E ratio of 8.39, a P/E/G ratio of 0.77 and a beta of 2.14.

PVH (NYSE:PVH) last announced its quarterly earnings results on Tuesday, June 4th. The textile maker reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.31. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.93 billion. PVH had a net margin of 7.53% and a return on equity of 13.14%. PVH’s revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.14 earnings per share. Equities research analysts expect that PVH Corp. will post 11.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on PVH. Wedbush reissued an “outperform” rating and set a $128.00 price objective on shares of PVH in a report on Wednesday, June 5th. Jefferies Financial Group began coverage on PVH in a research note on Tuesday, April 30th. They issued a “hold” rating and a $115.00 target price on the stock. StockNews.com upgraded shares of PVH from a “buy” rating to a “strong-buy” rating in a report on Friday, July 12th. JPMorgan Chase & Co. raised their price objective on shares of PVH from $146.00 to $157.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Finally, BMO Capital Markets lifted their target price on shares of PVH from $110.00 to $119.00 and gave the company a “market perform” rating in a report on Wednesday, June 5th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, PVH has an average rating of “Moderate Buy” and a consensus target price of $133.50.

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.