Channing Capital Management LLC Has $70.99 Million Stake in PVH Corp. (NYSE:PVH)

Channing Capital Management LLC grew its position in PVH Corp. (NYSE:PVH) by 648.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 581,289 shares of the textile maker’s stock after purchasing an additional 503,586 shares during the quarter. PVH comprises approximately 2.1% of Channing Capital Management LLC’s investment portfolio, making the stock its 18th biggest position. Channing Capital Management LLC owned about 0.97% of PVH worth $70,987,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PVH. LSV Asset Management grew its position in PVH by 1.3% during the fourth quarter. LSV Asset Management now owns 809,930 shares of the textile maker’s stock worth $98,909,000 after buying an additional 10,194 shares in the last quarter. Natixis Advisors L.P. grew its position in PVH by 5.3% during the fourth quarter. Natixis Advisors L.P. now owns 13,927 shares of the textile maker’s stock worth $1,700,000 after buying an additional 698 shares in the last quarter. Victory Capital Management Inc. grew its position in PVH by 28.6% during the fourth quarter. Victory Capital Management Inc. now owns 624,132 shares of the textile maker’s stock worth $76,219,000 after buying an additional 138,952 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in PVH during the fourth quarter worth approximately $963,000. Finally, Intrust Bank NA acquired a new stake in PVH during the fourth quarter worth approximately $202,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

Insider Buying and Selling

In other PVH news, EVP James Holmes sold 3,000 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $108.39, for a total transaction of $325,170.00. Following the completion of the sale, the executive vice president now directly owns 13,904 shares in the company, valued at approximately $1,507,054.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.78% of the stock is owned by insiders.

PVH Trading Up 2.4 %

Shares of PVH stock traded up $2.66 during trading on Friday, hitting $113.22. The company’s stock had a trading volume of 531,348 shares, compared to its average volume of 1,027,934. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 1.08 and a beta of 2.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 0.66. PVH Corp. has a 52 week low of $69.27 and a 52 week high of $141.15. The stock has a 50-day moving average price of $122.87 and a two-hundred day moving average price of $112.22.

PVH (NYSE:PVH) last issued its quarterly earnings results on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share 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 during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the prior year, the firm posted $2.38 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. Equities research analysts anticipate that PVH Corp. will post 10.92 EPS for the current fiscal year.

PVH announced that its board has approved 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 purchase up to 24% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th will be given 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 (DPR) is presently 1.38%.

Analyst Upgrades and Downgrades

PVH has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on PVH from $146.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. UBS Group upped their target price on PVH from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Wedbush upgraded PVH from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $113.00 to $128.00 in a research note on Monday, April 15th. Telsey Advisory Group cut their target price on PVH from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Tuesday, April 2nd. Finally, Jefferies Financial Group assumed coverage on PVH in a research note on Tuesday, April 30th. They set a “hold” rating and a $115.00 target price for the company. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $128.50.

PVH Company Profile

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.