Central Pacific Bank Trust Division Has $124,000 Stock Holdings in PVH Corp. (NYSE:PVH)

Central Pacific Bank Trust Division boosted its holdings in shares of PVH Corp. (NYSE:PVH) by 9.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,920 shares of the textile maker’s stock after buying an additional 170 shares during the quarter. Central Pacific Bank Trust Division’s holdings in PVH were worth $124,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PVH. Kapitalo Investimentos Ltda acquired a new position in shares of PVH during the 4th quarter valued at about $47,000. Allworth Financial LP acquired a new position in PVH during the fourth quarter valued at approximately $50,000. Hoey Investments Inc. acquired a new position in PVH during the fourth quarter valued at approximately $55,000. Smartleaf Asset Management LLC raised its position in shares of PVH by 96.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker’s stock valued at $65,000 after purchasing an additional 303 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of PVH by 11.8% in the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock worth $153,000 after buying an additional 153 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors.

PVH Stock Down 1.2%

PVH opened at $83.80 on Monday. PVH Corp. has a twelve month low of $59.28 and a twelve month high of $124.68. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 6.82, a PEG ratio of 0.77 and a beta of 1.81. The firm’s 50-day simple moving average is $73.90 and its 200-day simple moving average is $85.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

PVH (NYSE:PVH) last issued its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.08. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.72 EPS. Equities research analysts anticipate that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend is Wednesday, June 4th. PVH’s dividend payout ratio is currently 1.42%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PVH shares. Wells Fargo & Company raised their price target on PVH from $85.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 14th. BMO Capital Markets lowered their price objective on shares of PVH from $106.00 to $93.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 1st. Citigroup reaffirmed a “neutral” rating and set a $68.00 target price (down previously from $83.00) on shares of PVH in a research report on Monday, April 7th. Barclays reduced their target price on shares of PVH from $103.00 to $87.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Finally, Jefferies Financial Group raised PVH from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $70.00 to $105.00 in a report on Wednesday, May 14th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, PVH currently has an average rating of “Moderate Buy” and a consensus price target of $106.38.

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.