Nomura Asset Management Co. Ltd. lowered its holdings in shares of PVH Corp. (NYSE:PVH) by 3.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,721 shares of the textile maker’s stock after selling 1,481 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in PVH were worth $4,755,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of PVH. Ameriprise Financial Inc. raised its holdings in shares of PVH by 31.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,026,587 shares of the textile maker’s stock worth $507,666,000 after buying an additional 952,394 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of PVH by 154.7% during the 2nd quarter. Prudential Financial Inc. now owns 1,118,095 shares of the textile maker’s stock worth $128,022,000 after buying an additional 679,144 shares in the last quarter. Balyasny Asset Management LLC raised its holdings in shares of PVH by 136.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,173,862 shares of the textile maker’s stock worth $134,407,000 after buying an additional 677,096 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of PVH by 153.8% during the 2nd quarter. Renaissance Technologies LLC now owns 761,670 shares of the textile maker’s stock worth $87,211,000 after buying an additional 461,600 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of PVH by 548.0% during the 2nd quarter. Royal Bank of Canada now owns 297,303 shares of the textile maker’s stock worth $34,043,000 after buying an additional 251,424 shares in the last quarter. 93.75% of the stock is owned by institutional investors.

In other PVH news, SVP James Holmes sold 851 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $126.99, for a total value of $108,068.49. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

A number of research firms have recently commented on PVH. Barclays set a $156.00 price target on PVH and gave the stock a “buy” rating in a report on Saturday, December 2nd. Zacks Investment Research raised PVH from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a report on Friday, December 1st. Wells Fargo & Company set a $158.00 price target on PVH and gave the stock an “outperform” rating in a report on Thursday, November 30th. J P Morgan Chase & Co set a $160.00 price target on PVH and gave the stock a “buy” rating in a report on Thursday, November 30th. Finally, Telsey Advisory Group boosted their price objective on PVH from $145.00 to $158.00 and gave the stock an “outperform” rating in a research report on Thursday, November 30th. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. PVH has an average rating of “Buy” and an average target price of $143.94.

Shares of PVH Corp. (NYSE PVH) traded up $1.67 during mid-day trading on Friday, reaching $135.40. The company had a trading volume of 552,522 shares, compared to its average volume of 977,813. The company has a market cap of $10,287.76, a price-to-earnings ratio of 17.62, a P/E/G ratio of 1.31 and a beta of 0.61. PVH Corp. has a twelve month low of $84.53 and a twelve month high of $139.51. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.82 and a quick ratio of 0.97.

PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, November 29th. The textile maker reported $3.02 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.11. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.34 billion. PVH had a return on equity of 11.95% and a net margin of 6.22%. PVH’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.60 EPS. sell-side analysts anticipate that PVH Corp. will post 7.8 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 22nd will be given a $0.038 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. PVH’s dividend payout ratio (DPR) is presently 2.23%.

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PVH 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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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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