BT Investment Management Ltd purchased a new position in shares of PVH Corp. (NYSE:PVH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 57,804 shares of the textile maker’s stock, valued at approximately $6,619,000. BT Investment Management Ltd owned 0.07% of PVH Corp. at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PVH. Wilbanks Smith & Thomas Asset Management LLC increased its stake in shares of PVH Corp. by 0.4% during the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 3,573 shares of the textile maker’s stock worth $370,000 after buying an additional 14 shares during the period. LS Investment Advisors LLC increased its stake in shares of PVH Corp. by 1.3% during the second quarter. LS Investment Advisors LLC now owns 3,904 shares of the textile maker’s stock worth $447,000 after buying an additional 52 shares during the period. Capstone Asset Management Co. increased its stake in shares of PVH Corp. by 0.7% during the second quarter. Capstone Asset Management Co. now owns 8,949 shares of the textile maker’s stock worth $1,025,000 after buying an additional 64 shares during the period. Allen Investment Management LLC increased its stake in shares of PVH Corp. by 2.8% during the first quarter. Allen Investment Management LLC now owns 3,429 shares of the textile maker’s stock worth $355,000 after buying an additional 92 shares during the period. Finally, Xact Kapitalforvaltning AB increased its stake in shares of PVH Corp. by 0.7% during the second quarter. Xact Kapitalforvaltning AB now owns 13,982 shares of the textile maker’s stock worth $1,601,000 after buying an additional 95 shares during the period. Institutional investors own 95.24% of the company’s stock.

In other PVH Corp. news, EVP Mark D. Fischer sold 1,500 shares of PVH Corp. stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $109.75, for a total transaction of $164,625.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Michael A. Shaffer sold 45,525 shares of PVH Corp. stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $111.37, for a total value of $5,070,119.25. The disclosure for this sale can be found here. Insiders have sold a total of 87,750 shares of company stock worth $10,368,221 over the last 90 days. 1.30% of the stock is owned by company insiders.

A number of analysts recently weighed in on PVH shares. Piper Jaffray Companies set a $120.00 target price on shares of PVH Corp. and gave the stock a “buy” rating in a research note on Thursday, May 25th. UBS AG restated a “buy” rating and set a $120.00 target price (up from $116.00) on shares of PVH Corp. in a research note on Thursday, May 25th. Citigroup Inc. upped their target price on shares of PVH Corp. from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, May 30th. B. Riley restated a “buy” rating and set a $128.00 target price on shares of PVH Corp. in a research note on Tuesday, May 30th. Finally, Zacks Investment Research upgraded shares of PVH Corp. from a “hold” rating to a “buy” rating and set a $112.00 target price on the stock in a research note on Monday, May 22nd. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $137.81.

Shares of PVH Corp. (NYSE PVH) traded up 1.32% during trading on Friday, reaching $128.10. The company had a trading volume of 1,187,402 shares. The company has a market capitalization of $9.92 billion, a P/E ratio of 24.43 and a beta of 0.46. The firm has a 50-day moving average price of $124.40 and a 200-day moving average price of $108.71. PVH Corp. has a 52-week low of $84.53 and a 52-week high of $130.75.

PVH Corp. (NYSE:PVH) last posted its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.04. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the business earned $1.47 EPS. PVH Corp.’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, analysts predict that PVH Corp. will post $7.71 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 24th will be issued a dividend of $0.038 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.15 annualized dividend and a yield of 0.12%. PVH Corp.’s dividend payout ratio is presently 2.87%.

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PVH Corp. Company Profile

PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.

Institutional Ownership by Quarter for PVH Corp. (NYSE:PVH)

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