CAPROCK Group Inc. bought a new position in shares of PVH Corp (NYSE:PVH) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,862 shares of the textile maker’s stock, valued at approximately $267,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC acquired a new position in shares of PVH during the third quarter valued at about $108,000. Advisor Partners LLC acquired a new position in shares of PVH during the third quarter valued at about $206,000. Raymond James Trust N.A. acquired a new position in shares of PVH during the third quarter valued at about $224,000. Smithfield Trust Co. raised its position in shares of PVH by 576.8% during the third quarter. Smithfield Trust Co. now owns 1,841 shares of the textile maker’s stock valued at $232,000 after buying an additional 1,569 shares during the last quarter. Finally, Courier Capital LLC acquired a new position in shares of PVH during the third quarter valued at about $235,000. 93.82% of the stock is owned by institutional investors and hedge funds.

In other PVH news, CEO Emanuel Chirico sold 370,327 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $132.56, for a total transaction of $49,090,547.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Melanie Steiner sold 320 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $136.99, for a total transaction of $43,836.80. The disclosure for this sale can be found here. Insiders have sold 391,399 shares of company stock worth $52,000,515 over the last ninety days. Insiders own 1.30% of the company’s stock.

Shares of PVH Corp (NYSE:PVH) opened at $144.70 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 1.82. The firm has a market cap of $11,130.00, a PE ratio of 21.53, a price-to-earnings-growth ratio of 1.39 and a beta of 0.61. PVH Corp has a 52 week low of $84.53 and a 52 week high of $148.29.

PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, November 29th. The textile maker reported $3.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.91 by $0.11. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. PVH had a net margin of 6.22% and a return on equity of 11.95%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.60 earnings per share. sell-side analysts predict that PVH Corp will post 7.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 22nd were paid a dividend of $0.038 per share. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.15 annualized dividend and a yield of 0.11%. PVH’s dividend payout ratio is 2.23%.

A number of research analysts have recently commented on PVH shares. Piper Jaffray Companies reaffirmed a “buy” rating and set a $148.00 price objective on shares of PVH in a research report on Sunday, October 1st. Deutsche Bank assumed coverage on shares of PVH in a research note on Monday, October 23rd. They issued a “hold” rating and a $131.00 target price on the stock. Cowen set a $145.00 target price on shares of PVH and gave the company a “buy” rating in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of PVH from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, B. Riley reissued a “buy” rating on shares of PVH in a research note on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $147.71.

WARNING: This article was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2018/01/19/caprock-group-inc-invests-267000-in-pvh-corp-pvh-stock.html.

PVH 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.

Want to see what other hedge funds are holding PVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PVH Corp (NYSE:PVH).

Institutional Ownership by Quarter for PVH (NYSE:PVH)

Receive News & Ratings for PVH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH and related companies with MarketBeat.com's FREE daily email newsletter.