Atlas Capital Advisors LLC Sells 344 Shares of PVH Corp. (NYSE:PVH)

Atlas Capital Advisors LLC decreased its position in shares of PVH Corp. (NYSE:PVH) by 10.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 2,895 shares of the textile maker’s stock after selling 344 shares during the period. Atlas Capital Advisors LLC’s holdings in PVH were worth $407,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PVH. Lindbrook Capital LLC lifted its position in PVH by 26.8% in the 4th quarter. Lindbrook Capital LLC now owns 521 shares of the textile maker’s stock valued at $64,000 after acquiring an additional 110 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of PVH by 15.7% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 810 shares of the textile maker’s stock valued at $99,000 after purchasing an additional 110 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of PVH by 12.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,036 shares of the textile maker’s stock valued at $127,000 after buying an additional 115 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in PVH by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 27,389 shares of the textile maker’s stock worth $2,096,000 after buying an additional 140 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in PVH by 1.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,840 shares of the textile maker’s stock valued at $1,202,000 after acquiring an additional 141 shares during the period. Institutional investors own 97.25% of the company’s stock.

PVH Trading Down 2.2 %

Shares of PVH stock opened at $106.98 on Friday. The stock has a fifty day simple moving average of $114.24 and a two-hundred day simple moving average of $120.53. PVH Corp. has a 52-week low of $69.27 and a 52-week high of $141.15. The firm has a market capitalization of $5.98 billion, a PE ratio of 9.47, a PEG ratio of 0.85 and a beta of 2.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 1.55.

PVH (NYSE:PVH) last issued its earnings results on Tuesday, June 4th. The textile maker reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.31. PVH had a return on equity of 13.14% and a net margin of 7.53%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter last year, the company earned $2.14 EPS. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. On average, analysts predict that PVH Corp. will post 11.26 EPS for the current fiscal year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date was Wednesday, June 5th. PVH’s payout ratio is currently 1.33%.

PVH announced that its Board of Directors has initiated a share repurchase program on Monday, April 1st that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the textile maker to repurchase up to 24% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PVH shares. Bank of America lifted their price target on shares of PVH from $122.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Wedbush reissued an “outperform” rating and set a $128.00 price target on shares of PVH in a report on Wednesday, June 5th. Citigroup cut their price objective on PVH from $139.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, April 3rd. Barclays increased their target price on PVH from $149.00 to $154.00 and gave the company an “overweight” rating in a report on Thursday, June 6th. Finally, Evercore ISI boosted their price target on PVH from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, PVH has a consensus rating of “Moderate Buy” and an average target price of $133.81.

Insider Buying and Selling

In other PVH news, EVP James Holmes sold 3,000 shares of the stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $108.39, for a total transaction of $325,170.00. Following the completion of the transaction, the executive vice president now owns 13,904 shares in the company, valued at $1,507,054.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by company insiders.

About PVH

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.