Hennessy Advisors Inc. Trims Stake in PVH Corp. (PVH)
Hennessy Advisors Inc. trimmed its stake in shares of PVH Corp. (NYSE:PVH) by 8.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 257,100 shares of the textile maker’s stock after selling 24,400 shares during the period. Hennessy Advisors Inc. owned approximately 0.33% of PVH Corp. worth $32,410,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in PVH. YorkBridge Wealth Partners LLC acquired a new position in PVH Corp. in the third quarter valued at approximately $108,000. Advisors Asset Management Inc. lifted its holdings in PVH Corp. by 28.2% in the second quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock valued at $106,000 after buying an additional 204 shares during the period. Fiduciary Trust Co. acquired a new position in PVH Corp. in the second quarter valued at approximately $138,000. Rational Advisors LLC acquired a new position in PVH Corp. in the second quarter valued at approximately $183,000. Finally, Advisor Partners LLC acquired a new position in PVH Corp. in the third quarter valued at approximately $206,000. Institutional investors own 95.76% of the company’s stock.
Several equities analysts recently weighed in on the stock. B. Riley restated a “buy” rating on shares of PVH Corp. in a report on Wednesday, November 1st. Zacks Investment Research lowered shares of PVH Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Cowen and Company set a $145.00 price objective on shares of PVH Corp. and gave the company a “buy” rating in a report on Wednesday, November 1st. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $148.00 target price on shares of PVH Corp. in a research note on Wednesday, November 1st. Finally, Deutsche Bank AG initiated coverage on shares of PVH Corp. in a research note on Monday, October 23rd. They issued a “hold” rating and a $131.00 target price for the company. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $138.71.
Shares of PVH Corp. (NYSE PVH) traded up $0.42 during mid-day trading on Friday, hitting $125.30. 292,095 shares of the stock traded hands, compared to its average volume of 702,205. 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. has a 52 week low of $84.53 and a 52 week high of $133.24. The company has a market capitalization of $9,700.00, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.04. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.02 billion. PVH Corp. had a net margin of 4.96% and a return on equity of 11.67%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.47 earnings per share. sell-side analysts predict that PVH Corp. will post 7.72 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, November 22nd will be given a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Tuesday, November 21st. PVH Corp.’s dividend payout ratio (DPR) is currently 2.87%.
In related news, SVP James Holmes sold 851 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $126.99, for a total value of $108,068.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Fischer sold 5,589 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $128.47, for a total transaction of $718,018.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,307 shares of company stock valued at $4,980,787. 1.30% of the stock is owned by insiders.
PVH Corp. 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.
Want to see what other hedge funds are holding PVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PVH Corp. (NYSE:PVH).
Receive News & Ratings for PVH Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.