IFM Investors Pty Ltd Invests $311,000 in PVH Corp (PVH) Stock
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 (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.
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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