Northwestern Mutual Wealth Management Co. Boosts Stake in PVH Corp (NYSE:PVH)

Northwestern Mutual Wealth Management Co. lifted its position in shares of PVH Corp (NYSE:PVH) by 17.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 817 shares of the textile maker’s stock after acquiring an additional 123 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in PVH were worth $100,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc increased its holdings in PVH by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 7,930,508 shares of the textile maker’s stock valued at $1,145,165,000 after buying an additional 88,970 shares during the period. Quantamental Technologies LLC bought a new stake in PVH in the 4th quarter valued at $28,000. SG Americas Securities LLC increased its holdings in PVH by 330.1% in the 4th quarter. SG Americas Securities LLC now owns 7,566 shares of the textile maker’s stock valued at $703,000 after buying an additional 5,807 shares during the period. Dupont Capital Management Corp increased its holdings in PVH by 54.4% in the 4th quarter. Dupont Capital Management Corp now owns 1,303 shares of the textile maker’s stock valued at $121,000 after buying an additional 459 shares during the period. Finally, ETF Managers Group LLC increased its holdings in PVH by 18.7% in the 4th quarter. ETF Managers Group LLC now owns 882 shares of the textile maker’s stock valued at $82,000 after buying an additional 139 shares during the period. 94.96% of the stock is owned by institutional investors.

PVH opened at $89.77 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.75 and a current ratio of 1.47. PVH Corp has a twelve month low of $82.51 and a twelve month high of $164.01. The stock has a market capitalization of $6.54 billion, a PE ratio of 9.35, a PEG ratio of 0.71 and a beta of 1.37.

PVH (NYSE:PVH) last posted its earnings results on Wednesday, May 29th. The textile maker reported $2.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.02. PVH had a net margin of 6.69% and a return on equity of 13.03%. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the prior year, the firm earned $2.36 EPS. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Analysts expect that PVH Corp will post 10.27 earnings per share for the current year.

PVH announced that its board has authorized a stock buyback program on Wednesday, March 27th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the textile maker to buy up to 8.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend is Tuesday, May 21st. PVH’s payout ratio is 1.56%.

In other news, SVP Dana Perlman sold 1,054 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $128.92, for a total value of $135,881.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Henry Nasella bought 1,200 shares of the stock in a transaction dated Friday, May 31st. The stock was purchased at an average cost of $82.84 per share, for a total transaction of $99,408.00. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by corporate insiders.

Several equities research analysts have issued reports on PVH shares. UBS Group boosted their price target on shares of PVH from $145.00 to $159.00 and gave the company a “buy” rating in a report on Monday, April 1st. Citigroup boosted their price target on shares of PVH from $120.00 to $128.00 and gave the company a “neutral” rating in a report on Friday, March 29th. Morgan Stanley started coverage on shares of PVH in a report on Tuesday, April 9th. They issued an “overweight” rating and a $164.00 price target on the stock. ValuEngine lowered shares of PVH from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 29th. Finally, Zacks Investment Research lowered shares of PVH from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $129.42.

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PVH Profile

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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