Virtu Financial LLC Increases Position in PVH Corp (PVH)

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Virtu Financial LLC lifted its position in shares of PVH Corp (NYSE:PVH) by 177.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,378 shares of the textile maker’s stock after buying an additional 7,282 shares during the period. Virtu Financial LLC’s holdings in PVH were worth $1,388,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in PVH during the 4th quarter worth approximately $28,000. Quantamental Technologies LLC bought a new position in PVH during the 4th quarter worth approximately $28,000. CSat Investment Advisory L.P. grew its position in PVH by 146.7% during the 4th quarter. CSat Investment Advisory L.P. now owns 375 shares of the textile maker’s stock worth $35,000 after acquiring an additional 223 shares during the last quarter. Csenge Advisory Group bought a new position in PVH during the 3rd quarter worth approximately $75,000. Finally, ETF Managers Group LLC grew its position in PVH by 18.7% during the 4th quarter. ETF Managers Group LLC now owns 882 shares of the textile maker’s stock worth $82,000 after acquiring an additional 139 shares during the last quarter. 96.15% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on the company. Zacks Investment Research lowered PVH from a “hold” rating to a “sell” rating in a research report on Thursday, March 28th. Piper Jaffray Companies raised their price target on PVH from $140.00 to $146.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Wells Fargo & Co set a $140.00 price target on PVH and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Morgan Stanley assumed coverage on PVH in a research report on Tuesday, April 9th. They set an “overweight” rating and a $164.00 price target on the stock. Finally, Telsey Advisory Group restated an “outperform” rating and set a $155.00 price target (up from $145.00) on shares of PVH in a research report on Friday, March 29th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $146.40.

Shares of PVH stock opened at $129.15 on Monday. The company has a market capitalization of $9.54 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 1.01 and a beta of 1.08. PVH Corp has a fifty-two week low of $86.46 and a fifty-two week high of $169.22. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.80 and a current ratio of 1.71.

PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, March 27th. The textile maker reported $1.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.08. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.41 billion. PVH had a return on equity of 13.12% and a net margin of 7.73%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company earned $1.58 EPS. Research analysts forecast that PVH Corp will post 10.44 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 28th were given a $0.0375 dividend. The ex-dividend date of this dividend was Wednesday, February 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. PVH’s dividend payout ratio is currently 1.56%.

PVH declared that its board has approved a share buyback plan on Wednesday, March 27th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the textile maker to buy up to 8.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

In other news, CEO Francis K. Duane sold 6,171 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $127.27, for a total value of $785,383.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

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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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