76,208 Shares in PVH Corp. (PVH) Acquired by Stevens Capital Management LP
Stevens Capital Management LP purchased a new position in PVH Corp. (NYSE:PVH) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 76,208 shares of the textile maker’s stock, valued at approximately $9,607,000. Stevens Capital Management LP owned approximately 0.10% of PVH Corp. as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the business. Prudential Financial Inc. grew its stake in shares of PVH Corp. by 154.7% during the second quarter. Prudential Financial Inc. now owns 1,118,095 shares of the textile maker’s stock worth $128,022,000 after purchasing an additional 679,144 shares in the last quarter. Balyasny Asset Management LLC grew its stake in shares of PVH Corp. by 136.3% during the second quarter. Balyasny Asset Management LLC now owns 1,173,862 shares of the textile maker’s stock worth $134,407,000 after purchasing an additional 677,096 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of PVH Corp. by 153.8% during the second quarter. Renaissance Technologies LLC now owns 761,670 shares of the textile maker’s stock worth $87,211,000 after purchasing an additional 461,600 shares in the last quarter. Congress Asset Management Co. MA acquired a new position in shares of PVH Corp. during the second quarter worth $47,698,000. Finally, Ameriprise Financial Inc. grew its stake in shares of PVH Corp. by 14.2% during the second quarter. Ameriprise Financial Inc. now owns 3,074,193 shares of the textile maker’s stock worth $352,005,000 after purchasing an additional 381,336 shares in the last quarter. Institutional investors and hedge funds own 95.76% of the company’s stock.
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In related news, EVP David F. Kozel sold 8,867 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $125.19, for a total transaction of $1,110,059.73. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Francis K. Duane sold 24,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $126.86, for a total value of $3,044,640.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,307 shares of company stock worth $4,980,787. 1.50% of the stock is currently owned by insiders.
A number of equities analysts recently commented on the stock. Credit Suisse Group set a $136.00 target price on shares of PVH Corp. and gave the stock a “buy” rating in a research note on Friday, August 18th. Sanford C. Bernstein assumed coverage on shares of PVH Corp. in a research note on Tuesday, September 12th. They set a “market perform” rating and a $142.00 target price for the company. BidaskClub downgraded shares of PVH Corp. from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 23rd. Cowen and Company set a $140.00 target price on shares of PVH Corp. and gave the stock a “buy” rating in a research note on Friday, August 11th. Finally, Piper Jaffray Companies set a $148.00 target price on shares of PVH Corp. and gave the stock an “overweight” rating in a research note on Wednesday, August 23rd. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $138.71.
Shares of PVH Corp. (PVH) remained flat at $$127.39 during trading hours on Tuesday. PVH Corp. has a one year low of $84.53 and a one year high of $133.24. The stock has a market capitalization of $9,860.00, a PE ratio of 17.70, a price-to-earnings-growth ratio of 1.26 and a beta of 0.59. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.80 and a quick ratio of 0.88.
PVH Corp. (NYSE:PVH) last released its quarterly earnings results on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.04. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.02 billion. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.47 EPS. sell-side analysts predict that PVH Corp. will post 7.72 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, November 22nd will be issued a dividend of $0.038 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. PVH Corp.’s dividend payout ratio is 2.87%.
PVH Corp. Company Profile
PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.
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