PVH Corp. (NYSE:PVH) Sees Significant Growth in Short Interest

PVH Corp. (NYSE:PVHGet Free Report) saw a large increase in short interest in April. As of April 30th, there was short interest totalling 1,780,000 shares, an increase of 19.5% from the April 15th total of 1,490,000 shares. Currently, 3.1% of the company’s stock are sold short. Based on an average trading volume of 988,600 shares, the short-interest ratio is currently 1.8 days.

PVH Stock Up 0.2 %

Shares of PVH stock traded up $0.27 during mid-day trading on Wednesday, reaching $116.58. 628,718 shares of the company were exchanged, compared to its average volume of 929,844. The company has a market capitalization of $6.60 billion, a P/E ratio of 10.72, a P/E/G ratio of 1.08 and a beta of 2.24. The business’s 50 day simple moving average is $119.68 and its 200 day simple moving average is $114.47. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.66 and a current ratio of 1.18. PVH has a fifty-two week low of $69.27 and a fifty-two week high of $141.15.

PVH (NYSE:PVHGet Free Report) last posted its quarterly earnings results on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.21. PVH had a return on equity of 12.96% and a net margin of 7.20%. The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the prior year, the company earned $2.38 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. Research analysts predict that PVH will post 10.92 earnings per share for the current year.

PVH declared that its board has approved a stock repurchase plan on Monday, April 1st that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the textile maker to purchase up to 24% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. The ex-dividend date is Wednesday, June 5th. PVH’s dividend payout ratio is currently 1.38%.

Analyst Ratings Changes

A number of equities analysts have issued reports on PVH shares. Telsey Advisory Group reduced their price target on shares of PVH from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Tuesday, April 2nd. Morgan Stanley cut their target price on shares of PVH from $134.00 to $110.00 and set an “equal weight” rating for the company in a report on Wednesday, April 3rd. Barclays cut their target price on shares of PVH from $157.00 to $149.00 and set an “overweight” rating for the company in a report on Thursday, April 4th. Guggenheim lifted their target price on shares of PVH from $120.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Finally, UBS Group lifted their target price on shares of PVH from $158.00 to $159.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $128.50.

Read Our Latest Stock Analysis on PVH

Insiders Place Their Bets

In other PVH news, EVP James Holmes sold 3,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 13,904 shares of the company’s stock, valued at approximately $1,507,054.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.78% of the stock is owned by company insiders.

Hedge Funds Weigh In On PVH

Several institutional investors and hedge funds have recently modified their holdings of PVH. Price T Rowe Associates Inc. MD lifted its stake in shares of PVH by 4.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,971 shares of the textile maker’s stock valued at $6,184,000 after purchasing an additional 1,885 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of PVH in the 1st quarter valued at $1,025,000. Quadrature Capital Ltd lifted its stake in shares of PVH by 215.3% in the 1st quarter. Quadrature Capital Ltd now owns 23,397 shares of the textile maker’s stock valued at $3,290,000 after purchasing an additional 15,976 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of PVH by 22.8% in the 1st quarter. Advisors Asset Management Inc. now owns 12,030 shares of the textile maker’s stock valued at $1,692,000 after purchasing an additional 2,230 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in shares of PVH in the 1st quarter valued at $132,000. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Company Profile

(Get Free Report)

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.

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