Nordea Investment Management AB Has $4,429,000 Stake in PVH Corp. (PVH)
Nordea Investment Management AB maintained its position in shares of PVH Corp. (NYSE:PVH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,684 shares of the textile maker’s stock at the close of the second quarter. Nordea Investment Management AB’s holdings in PVH Corp. were worth $4,429,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. LS Investment Advisors LLC increased its holdings in shares of PVH Corp. by 1.3% in the second quarter. LS Investment Advisors LLC now owns 3,904 shares of the textile maker’s stock valued at $447,000 after buying an additional 52 shares in the last quarter. Capstone Asset Management Co. increased its holdings in shares of PVH Corp. by 0.7% in the second quarter. Capstone Asset Management Co. now owns 8,949 shares of the textile maker’s stock valued at $1,025,000 after buying an additional 64 shares in the last quarter. Allen Investment Management LLC increased its holdings in shares of PVH Corp. by 2.8% in the first quarter. Allen Investment Management LLC now owns 3,429 shares of the textile maker’s stock valued at $355,000 after buying an additional 92 shares in the last quarter. Xact Kapitalforvaltning AB increased its holdings in shares of PVH Corp. by 0.7% in the second quarter. Xact Kapitalforvaltning AB now owns 13,982 shares of the textile maker’s stock valued at $1,601,000 after buying an additional 95 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its holdings in shares of PVH Corp. by 4.0% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,677 shares of the textile maker’s stock valued at $307,000 after buying an additional 104 shares in the last quarter. 95.32% of the stock is currently owned by institutional investors.
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In other news, CEO Francis K. Duane sold 24,000 shares of PVH Corp. stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $126.86, for a total value of $3,044,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James Holmes sold 851 shares of PVH Corp. stock in a transaction dated Wednesday, September 20th. The shares were 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. In the last three months, insiders sold 84,832 shares of company stock valued at $10,050,906. Insiders own 1.30% of the company’s stock.
PVH Corp. (NYSE:PVH) opened at 126.06 on Friday. The firm has a market cap of $9.76 billion, a price-to-earnings ratio of 24.04 and a beta of 0.46. The stock’s 50 day moving average is $124.86 and its 200-day moving average is $109.49. PVH Corp. has a 12 month low of $84.53 and a 12 month high of $130.75.
PVH Corp. (NYSE:PVH) last announced its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. PVH Corp. had a net margin of 4.96% and a return on equity of 11.67%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the firm posted $1.47 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts anticipate that PVH Corp. will post $7.71 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th were given a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend was Tuesday, August 22nd. PVH Corp.’s dividend payout ratio (DPR) is presently 2.87%.
PVH has been the topic of several research reports. Credit Suisse Group set a $136.00 price target on PVH Corp. and gave the company a “buy” rating in a report on Friday, August 18th. Zacks Investment Research raised PVH Corp. from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Thursday, August 24th. ValuEngine cut PVH Corp. from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Buckingham Research upped their price target on PVH Corp. from $142.00 to $143.00 and gave the company a “buy” rating in a report on Friday, August 25th. Finally, B. Riley reaffirmed a “buy” rating and issued a $128.00 price target on shares of PVH Corp. in a report on Sunday, June 4th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $138.35.
PVH Corp. 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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