PVH Corp. (PVH) Holdings Increased by Piedmont Investment Advisors LLC
Piedmont Investment Advisors LLC grew its holdings in shares of PVH Corp. (NYSE:PVH) by 0.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,876 shares of the textile maker’s stock after buying an additional 1 shares during the period. Piedmont Investment Advisors LLC’s holdings in PVH Corp. were worth $673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Scotia Capital Inc. lifted its holdings in PVH Corp. by 45.5% during the 2nd quarter. Scotia Capital Inc. now owns 2,816 shares of the textile maker’s stock worth $322,000 after buying an additional 881 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in PVH Corp. during the 2nd quarter worth about $669,000. Raymond James Financial Services Advisors Inc. purchased a new stake in PVH Corp. during the 2nd quarter worth about $370,000. C M Bidwell & Associates Ltd. purchased a new stake in PVH Corp. during the 2nd quarter worth about $368,000. Finally, Caxton Associates LP purchased a new stake in PVH Corp. during the 2nd quarter worth about $7,443,000. 95.20% of the stock is owned by institutional investors.
In other PVH Corp. news, EVP David F. Kozel sold 8,867 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $125.19, for a total value of $1,110,059.73. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP James Holmes sold 851 shares of the firm’s stock in a transaction dated 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. Insiders sold 39,307 shares of company stock worth $4,980,787 in the last three months. 1.50% of the stock is currently owned by corporate insiders.
Shares of PVH Corp. (NYSE:PVH) traded up 0.479% during trading on Wednesday, reaching $124.755. The company had a trading volume of 20,489 shares. The stock has a 50 day moving average of $126.80 and a 200 day moving average of $113.61. PVH Corp. has a 52-week low of $84.53 and a 52-week high of $130.75. The stock has a market capitalization of $9.66 billion, a price-to-earnings ratio of 23.790 and a beta of 0.46.
PVH Corp. (NYSE:PVH) last issued its earnings results on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.04. PVH Corp. had a net margin of 4.96% and a return on equity of 11.67%. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the company posted $1.47 earnings per share. PVH Corp.’s revenue was up 7.1% on a year-over-year basis. Equities research analysts forecast that PVH Corp. will post $7.71 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Thursday, August 24th were issued a $0.038 dividend. The ex-dividend date was 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 2.87%.
A number of analysts have issued reports on the company. UBS AG reaffirmed a “buy” rating and set a $128.00 price target (up from $120.00) on shares of PVH Corp. in a report on Monday, June 26th. Cowen and Company set a $140.00 price target on PVH Corp. and gave the stock a “buy” rating in a report on Friday, August 11th. BidaskClub raised PVH Corp. from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 10th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $148.00 price target on shares of PVH Corp. in a report on Sunday, October 1st. Finally, Bank of America Corporation started coverage on PVH Corp. in a report on Thursday, August 3rd. They set a “buy” rating and a $146.00 price target for the company. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. PVH Corp. has a consensus rating of “Buy” and an average target price of $139.19.
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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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