PVH Corp. (NYSE:PVH) Stake Lowered by Stratos Wealth Partners LTD.
Stratos Wealth Partners LTD. decreased its position in PVH Corp. (NYSE:PVH) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 2,274 shares of the textile maker’s stock after selling 5 shares during the period. Stratos Wealth Partners LTD.’s holdings in PVH Corp. were worth $260,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of PVH. FNY Partners Fund LP boosted its position in PVH Corp. by 53.3% in the first quarter. FNY Partners Fund LP now owns 1,150 shares of the textile maker’s stock worth $118,000 after buying an additional 400 shares during the period. Penserra Capital Management LLC boosted its position in PVH Corp. by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,334 shares of the textile maker’s stock worth $138,000 after buying an additional 116 shares during the period. NINE MASTS CAPITAL Ltd bought a new position in PVH Corp. during the first quarter worth $155,000. Financial Architects Inc boosted its position in PVH Corp. by 261.6% in the first quarter. Financial Architects Inc now owns 1,602 shares of the textile maker’s stock worth $166,000 after buying an additional 1,159 shares during the period. Finally, Ameritas Investment Partners Inc. bought a new position in PVH Corp. during the first quarter worth $198,000. 97.42% of the stock is currently owned by institutional investors and hedge funds.
PVH Corp. (NYSE:PVH) opened at 121.63 on Friday. The firm has a 50-day moving average of $116.04 and a 200-day moving average of $102.44. The stock has a market capitalization of $9.47 billion, a price-to-earnings ratio of 25.15 and a beta of 0.51. PVH Corp. has a 12-month low of $84.53 and a 12-month high of $126.11.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings results on Wednesday, May 24th. The textile maker reported $1.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.60 by $0.05. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. PVH Corp. had a return on equity of 11.57% and a net margin of 4.69%. PVH Corp.’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $1.50 EPS. Equities research analysts forecast that PVH Corp. will post $7.52 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 24th will be paid a $0.038 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. PVH Corp.’s dividend payout ratio is currently 3.11%.
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A number of equities analysts have recently weighed in on the stock. UBS AG reaffirmed a “buy” rating and set a $120.00 price target (up from $116.00) on shares of PVH Corp. in a research note on Thursday, May 25th. BidaskClub raised shares of PVH Corp. from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Bank of America Corporation assumed coverage on shares of PVH Corp. in a research note on Thursday, August 3rd. They set a “buy” rating and a $146.00 price target on the stock. Piper Jaffray Companies set a $143.00 price target on shares of PVH Corp. and gave the stock a “buy” rating in a research note on Monday. Finally, B. Riley reaffirmed a “buy” rating and set a $128.00 price target on shares of PVH Corp. in a research note on Tuesday, May 30th. Three investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $125.47.
In related news, SVP Dana Perlman sold 769 shares of PVH Corp. stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $114.77, for a total value of $88,258.13. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Francis K. Duane sold 2,497 shares of PVH Corp. stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $105.99, for a total value of $264,657.03. The disclosure for this sale can be found here. Insiders sold a total of 59,627 shares of company stock worth $6,584,743 in the last three months. 1.30% of the stock is currently owned by company insiders.
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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