IFM Investors Pty Ltd bought a new position in shares of PVH Corp (NYSE:PVH) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,464 shares of the textile maker’s stock, valued at approximately $311,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC bought a new stake in PVH during the third quarter worth $108,000. Advisors Asset Management Inc. lifted its stake in shares of PVH by 28.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock valued at $106,000 after acquiring an additional 204 shares during the last quarter. Fiduciary Trust Co. bought a new position in shares of PVH in the 2nd quarter valued at $138,000. Advisor Partners LLC bought a new position in shares of PVH in the 3rd quarter valued at $206,000. Finally, Penserra Capital Management LLC lifted its stake in shares of PVH by 24.7% in the 2nd quarter. Penserra Capital Management LLC now owns 1,664 shares of the textile maker’s stock valued at $190,000 after acquiring an additional 330 shares during the last quarter. Hedge funds and other institutional investors own 94.36% of the company’s stock.

In other PVH news, CEO Emanuel Chirico sold 370,327 shares of PVH stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $132.56, for a total transaction of $49,090,547.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP James Holmes sold 851 shares of PVH stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $126.99, for a total transaction of $108,068.49. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

PVH Corp (NYSE:PVH) opened at $134.04 on Monday. PVH Corp has a 1 year low of $84.53 and a 1 year high of $139.51. The firm has a market cap of $10,311.56, a PE ratio of 17.66, a P/E/G ratio of 1.32 and a beta of 0.61. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.82 and a quick ratio of 0.97.

PVH (NYSE:PVH) last announced its quarterly 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 net margin of 6.22% and a return on equity of 11.95%. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the firm earned $2.60 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. equities analysts expect that PVH Corp will post 7.81 earnings per share for the current year.

The firm also recently declared 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. The ex-dividend date is Tuesday, November 21st. This represents a $0.15 annualized dividend and a yield of 0.11%. PVH’s payout ratio is 2.23%.

A number of research analysts have recently commented on the company. Barclays set a $156.00 price target on PVH and gave the company a “buy” rating in a research note on Saturday, December 2nd. Zacks Investment Research upgraded PVH from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a research note on Friday, December 1st. Wells Fargo & Company set a $158.00 price target on PVH and gave the company an “outperform” rating in a research note on Thursday, November 30th. J P Morgan Chase & Co set a $160.00 price target on PVH and gave the company a “buy” rating in a research note on Thursday, November 30th. Finally, Telsey Advisory Group increased their price objective on PVH from $145.00 to $158.00 and gave the company an “outperform” rating in a report on Thursday, November 30th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $143.94.

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About PVH

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.

Institutional Ownership by Quarter for PVH (NYSE:PVH)

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