Legal & General Group Plc Has $50.96 Million Stake in PVH Corp. (PVH)
Legal & General Group Plc grew its stake in PVH Corp. (NYSE:PVH) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 404,264 shares of the textile maker’s stock after buying an additional 10,292 shares during the quarter. Legal & General Group Plc owned 0.52% of PVH worth $50,961,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. First Allied Advisory Services Inc. lifted its holdings in shares of PVH by 2.7% in the 2nd quarter. First Allied Advisory Services Inc. now owns 2,202 shares of the textile maker’s stock valued at $249,000 after buying an additional 57 shares during the period. Sentry Investment Management LLC raised its holdings in PVH by 1.0% in the 2nd quarter. Sentry Investment Management LLC now owns 6,309 shares of the textile maker’s stock worth $722,000 after purchasing an additional 65 shares during the period. Bronfman E.L. Rothschild L.P. raised its holdings in PVH by 4.0% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,677 shares of the textile maker’s stock worth $307,000 after purchasing an additional 104 shares during the period. PNC Financial Services Group Inc. raised its holdings in PVH by 0.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 14,310 shares of the textile maker’s stock worth $1,638,000 after purchasing an additional 107 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in PVH by 28.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock worth $106,000 after purchasing an additional 204 shares during the period. 93.75% of the stock is owned by institutional investors and hedge funds.
Shares of PVH Corp. (NYSE:PVH) traded down $0.68 during trading on Wednesday, hitting $133.60. The company’s stock had a trading volume of 1,512,900 shares, compared to its average volume of 1,019,022. PVH Corp. has a fifty-two week low of $84.53 and a fifty-two week high of $139.51. The firm has a market capitalization of $10,396.55, a PE ratio of 17.69, a P/E/G ratio of 1.32 and a beta of 0.61. The company has a quick ratio of 0.97, a current ratio of 1.82 and a debt-to-equity ratio of 0.61.
PVH (NYSE:PVH) last announced its earnings results on Wednesday, November 29th. The textile maker reported $3.02 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.34 billion. During the same quarter in the prior year, the firm earned $2.60 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. equities analysts forecast that PVH Corp. will post 7.8 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 22nd will be issued a dividend of $0.038 per share. The ex-dividend date is Tuesday, November 21st. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. PVH’s payout ratio is currently 2.23%.
PVH has been the subject of a number of analyst reports. BidaskClub cut PVH from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 23rd. FBR & Co set a $135.00 price target on PVH and gave the stock a “buy” rating in a report on Monday, August 21st. Credit Suisse Group set a $136.00 price target on PVH and gave the stock a “buy” rating in a report on Friday, August 18th. Cowen set a $140.00 price target on PVH and gave the stock a “buy” rating in a report on Friday, August 11th. Finally, Zacks Investment Research raised PVH from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a report on Thursday, August 24th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $143.94.
In other PVH news, SVP James Holmes sold 851 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is owned by corporate insiders.
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.
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.