PVH Corp. (PVH) Shares Sold by Dupont Capital Management Corp
Dupont Capital Management Corp cut its stake in shares of PVH Corp. (NYSE:PVH) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,882 shares of the textile maker’s stock after selling 210 shares during the period. Dupont Capital Management Corp’s holdings in PVH Corp. were worth $5,024,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Wilbanks Smith & Thomas Asset Management LLC raised its stake in shares of PVH Corp. by 0.4% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 3,573 shares of the textile maker’s stock valued at $370,000 after buying an additional 14 shares in the last quarter. LS Investment Advisors LLC raised its stake 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. raised its stake 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 raised its stake 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. Finally, Xact Kapitalforvaltning AB raised its stake 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. 98.12% of the stock is owned by hedge funds and other institutional investors.
Shares of PVH Corp. (PVH) opened at 123.38 on Wednesday. PVH Corp. has a 52-week low of $84.53 and a 52-week high of $126.11. The firm has a 50-day moving average price of $117.18 and a 200-day moving average price of $103.26. The firm has a market capitalization of $9.60 billion, a P/E ratio of 25.51 and a beta of 0.51.
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, beating analysts’ consensus estimates of $1.60 by $0.05. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. PVH Corp. had a net margin of 4.69% and a return on equity of 11.57%. PVH Corp.’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.50 earnings per share. On average, equities research analysts anticipate that PVH Corp. will post $7.54 EPS for the current 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 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 is Tuesday, August 22nd. PVH Corp.’s dividend payout ratio is currently 3.11%.
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Several analysts recently weighed in on the company. B. Riley reissued a “buy” rating and issued a $128.00 price objective on shares of PVH Corp. in a report on Sunday, June 4th. UBS AG reissued a “buy” rating and issued a $120.00 price objective (up from $116.00) on shares of PVH Corp. in a report on Thursday, May 25th. Zacks Investment Research lowered PVH Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Cowen and Company boosted their price objective on PVH Corp. from $118.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, May 25th. Finally, Piper Jaffray Companies set a $143.00 price objective on PVH Corp. and gave the company a “buy” rating in a report on Monday, August 7th. Three equities research 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 stock. The company currently has a consensus rating of “Buy” and an average price target of $126.53.
In related news, SVP Dana Perlman sold 769 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $114.77, for a total value of $88,258.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Michael A. Shaffer sold 45,525 shares of the firm’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $111.37, for a total transaction of $5,070,119.25. The disclosure for this sale can be found here. In the last three months, insiders sold 59,627 shares of company stock valued at $6,584,743. 1.50% 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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