American Trust Buys New Position in PVH Corp. (NYSE:PVH)

American Trust bought a new stake in shares of PVH Corp. (NYSE:PVH) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,512 shares of the textile maker’s stock, valued at approximately $213,000.

Several other large investors have also bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of PVH by 234.1% in the 1st quarter. Principal Financial Group Inc. now owns 741,151 shares of the textile maker’s stock valued at $104,213,000 after purchasing an additional 519,316 shares during the period. Channing Capital Management LLC boosted its position in shares of PVH by 648.1% in the 4th quarter. Channing Capital Management LLC now owns 581,289 shares of the textile maker’s stock valued at $70,987,000 after purchasing an additional 503,586 shares during the period. Wedge Capital Management L L P NC acquired a new stake in PVH during the 4th quarter worth about $45,911,000. Franklin Resources Inc. boosted its position in PVH by 1,954.3% during the 4th quarter. Franklin Resources Inc. now owns 352,448 shares of the textile maker’s stock worth $43,041,000 after acquiring an additional 335,291 shares during the period. Finally, Balyasny Asset Management L.P. boosted its position in PVH by 711.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 341,506 shares of the textile maker’s stock worth $41,705,000 after acquiring an additional 299,418 shares during the period. Institutional investors own 97.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Telsey Advisory Group restated an “outperform” rating and set a $140.00 price objective on shares of PVH in a research report on Thursday, June 6th. Bank of America raised their price objective on PVH from $122.00 to $144.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Evercore ISI raised their price objective on PVH from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. TD Cowen decreased their price objective on PVH from $154.00 to $149.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Finally, Wells Fargo & Company raised their price objective on PVH from $138.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, PVH presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.50.

PVH Stock Performance

PVH traded down $4.28 on Friday, hitting $94.80. The company had a trading volume of 841,268 shares, compared to its average volume of 829,937. The company’s fifty day moving average price is $109.07 and its 200 day moving average price is $117.52. PVH Corp. has a 1-year low of $69.27 and a 1-year high of $141.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.55 and a quick ratio of 0.83. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 0.77 and a beta of 2.14.

PVH (NYSE:PVH) last issued its quarterly earnings results on Tuesday, June 4th. The textile maker reported $2.45 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the company earned $2.14 earnings per share. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. Equities analysts predict that PVH Corp. will post 11.23 earnings per share for the current fiscal year.

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.