Aperio Group LLC Has $6.07 Million Position in PVH Corp (PVH)
Aperio Group LLC increased its stake in shares of PVH Corp (NYSE:PVH) by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,267 shares of the textile maker’s stock after purchasing an additional 4,043 shares during the quarter. Aperio Group LLC’s holdings in PVH were worth $6,074,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PVH. YorkBridge Wealth Partners LLC acquired a new position in PVH during the 3rd quarter worth $108,000. Cerebellum GP LLC acquired a new position in PVH during the 4th quarter worth $131,000. Advisor Partners LLC acquired a new position in PVH during the 3rd quarter worth $206,000. Conning Inc. acquired a new position in PVH during the 4th quarter worth $220,000. Finally, Raymond James Trust N.A. acquired a new position in PVH during the 3rd quarter worth $224,000. 93.70% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Melanie Steiner sold 320 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $136.99, for a total value of $43,836.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark D. Fischer sold 891 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $147.34, for a total value of $131,279.94. The disclosure for this sale can be found here. Insiders sold a total of 392,290 shares of company stock valued at $52,131,795 over the last three months. Company insiders own 1.50% of the company’s stock.
PVH (NYSE:PVH) last posted its earnings results on Wednesday, November 29th. The textile maker reported $3.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.91 by $0.11. PVH had a return on equity of 11.95% and a net margin of 6.22%. The business had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the business earned $2.60 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. sell-side analysts predict that PVH Corp will post 7.82 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, February 28th will be issued a $0.038 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.10%. The ex-dividend date of this dividend is Tuesday, February 27th. PVH’s payout ratio is currently 2.23%.
Several research analysts recently commented on the company. B. Riley reissued a “buy” rating on shares of PVH in a research note on Wednesday, November 1st. Deutsche Bank raised PVH from a “hold” rating to a “buy” rating and set a $131.00 target price for the company in a research note on Wednesday, February 7th. Piper Jaffray Companies boosted their target price on PVH to $173.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. ValuEngine raised PVH from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research cut PVH from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $149.76.
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PVH 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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