PVH Corp. (PVH) Shares Bought by IFP Advisors Inc
IFP Advisors Inc raised its position in PVH Corp. (NYSE:PVH) by 23.3% during the second quarter, Holdings Channel reports. The institutional investor owned 3,616 shares of the textile maker’s stock after buying an additional 684 shares during the period. IFP Advisors Inc’s holdings in PVH Corp. were worth $414,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in PVH Corp. by 1.4% in the first quarter. Vanguard Group Inc. now owns 7,942,535 shares of the textile maker’s stock worth $821,815,000 after buying an additional 112,758 shares in the last quarter. BlackRock Inc. raised its stake in shares of PVH Corp. by 3,001.8% in the first quarter. BlackRock Inc. now owns 5,090,455 shares of the textile maker’s stock worth $526,711,000 after buying an additional 4,926,341 shares in the last quarter. State Street Corp raised its stake in shares of PVH Corp. by 1.7% in the first quarter. State Street Corp now owns 3,672,807 shares of the textile maker’s stock worth $380,025,000 after buying an additional 61,303 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of PVH Corp. by 17.1% in the first quarter. Ameriprise Financial Inc. now owns 2,692,857 shares of the textile maker’s stock worth $278,637,000 after buying an additional 393,500 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of PVH Corp. by 14.8% in the first quarter. Bank of New York Mellon Corp now owns 1,590,433 shares of the textile maker’s stock worth $164,563,000 after buying an additional 204,936 shares in the last quarter. 98.12% of the stock is currently owned by institutional investors.
Shares of PVH Corp. (NYSE PVH) opened at 124.37 on Tuesday. PVH Corp. has a 52-week low of $84.53 and a 52-week high of $126.11. The company has a market capitalization of $9.68 billion, a P/E ratio of 25.71 and a beta of 0.51. The stock’s 50 day moving average price is $116.86 and its 200-day moving average price is $103.02.
PVH Corp. (NYSE:PVH) last posted its quarterly earnings results on Wednesday, May 24th. The textile maker reported $1.65 EPS for the quarter, topping the Zacks’ consensus estimate of $1.60 by $0.05. PVH Corp. had a return on equity of 11.57% and a net margin of 4.69%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the company earned $1.50 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities analysts expect that PVH Corp. will post $7.53 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th will be issued 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 is Tuesday, August 22nd. PVH Corp.’s payout ratio is currently 3.11%.
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A number of equities research analysts recently issued reports on PVH shares. J P Morgan Chase & Co raised PVH Corp. from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $116.00 to $125.00 in a research report on Thursday, May 25th. Credit Suisse Group raised PVH Corp. from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $114.00 to $136.00 in a research report on Tuesday, May 30th. BidaskClub raised PVH Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Zacks Investment Research lowered PVH Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, Piper Jaffray Companies set a $120.00 price target on PVH Corp. and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Three research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $126.53.
In other news, SVP Dana Perlman sold 769 shares of the firm’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $114.77, for a total value of $88,258.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Michael A. Shaffer sold 45,525 shares of the firm’s stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $111.37, for a total value of $5,070,119.25. The disclosure for this sale can be found here. Insiders sold 59,627 shares of company stock valued at $6,584,743 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.
About PVH Corp.
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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