PVH Corp. (PVH) Position Raised by Advisor Group Inc.
Advisor Group Inc. increased its stake in PVH Corp. (NYSE:PVH) by 28.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,142 shares of the textile maker’s stock after acquiring an additional 2,695 shares during the quarter. Advisor Group Inc.’s holdings in PVH Corp. were worth $1,531,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of PVH. Capstone Asset Management Co. increased its holdings in PVH Corp. by 0.7% in the 2nd quarter. Capstone Asset Management Co. now owns 8,949 shares of the textile maker’s stock worth $1,025,000 after acquiring an additional 64 shares in the last quarter. Bank of Montreal Can increased its holdings in PVH Corp. by 4.8% in the 2nd quarter. Bank of Montreal Can now owns 59,093 shares of the textile maker’s stock worth $6,766,000 after acquiring an additional 2,708 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in PVH Corp. by 492.0% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 12,869 shares of the textile maker’s stock worth $1,474,000 after purchasing an additional 10,695 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in PVH Corp. by 20.1% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 31,702 shares of the textile maker’s stock worth $3,630,000 after purchasing an additional 5,300 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its stake in PVH Corp. by 1.3% during the 2nd quarter. LS Investment Advisors LLC now owns 3,904 shares of the textile maker’s stock worth $447,000 after purchasing an additional 52 shares during the last quarter. 96.45% of the stock is owned by institutional investors.
In other PVH Corp. news, SVP James Holmes sold 851 shares of the business’s 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP David F. Kozel sold 8,867 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $125.19, for a total transaction of $1,110,059.73. The disclosure for this sale can be found here. Insiders have sold 39,307 shares of company stock worth $4,980,787 over the last quarter. Insiders own 1.30% of the company’s stock.
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Shares of PVH Corp. (NYSE PVH) opened at $133.12 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.88 and a current ratio of 1.80. The stock has a market cap of $10,310.00, a PE ratio of 17.69, a price-to-earnings-growth ratio of 1.26 and a beta of 0.59. PVH Corp. has a one year low of $84.53 and a one year high of $133.47.
PVH Corp. (NYSE:PVH) last issued its quarterly 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. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.02 billion. PVH Corp. had a net margin of 4.96% and a return on equity of 11.67%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.47 earnings per share. sell-side analysts anticipate that PVH Corp. will post 7.73 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 22nd will be paid a dividend of $0.038 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. PVH Corp.’s dividend payout ratio (DPR) is presently 2.87%.
Several brokerages have issued reports on PVH. Cowen and Company set a $145.00 target price on shares of PVH Corp. and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of PVH Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Barclays PLC began coverage on shares of PVH Corp. in a research note on Tuesday, September 19th. They set an “overweight” rating and a $147.00 target price on the stock. Piper Jaffray Companies set a $148.00 target price on shares of PVH Corp. and gave the stock a “buy” rating in a research note on Thursday. Finally, BidaskClub raised shares of PVH Corp. from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $138.71.
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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