Systematic Financial Management LP decreased its position in shares of PVH Corp. (NYSE:PVH) by 8.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 559,666 shares of the textile maker’s stock after selling 51,607 shares during the quarter. PVH Corp. comprises approximately 1.4% of Systematic Financial Management LP’s investment portfolio, making the stock its 4th biggest holding. Systematic Financial Management LP owned about 0.72% of PVH Corp. worth $70,551,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in PVH. Advisors Asset Management Inc. boosted its stake in PVH Corp. by 28.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock worth $106,000 after acquiring an additional 204 shares during the last quarter. YorkBridge Wealth Partners LLC bought a new position in PVH Corp. during the 3rd quarter worth approximately $108,000. Fiduciary Trust Co. bought a new position in PVH Corp. during the 2nd quarter worth approximately $138,000. Rational Advisors LLC bought a new position in PVH Corp. during the 2nd quarter worth approximately $183,000. Finally, Penserra Capital Management LLC lifted its stake in PVH Corp. by 24.7% in the second quarter. Penserra Capital Management LLC now owns 1,664 shares of the textile maker’s stock valued at $190,000 after buying an additional 330 shares in the last quarter. 96.46% of the stock is currently owned by institutional investors and hedge funds.
PVH Corp. (NYSE PVH) traded up $3.18 during trading hours on Monday, hitting $133.12. 1,301,500 shares of the company’s stock traded hands, compared to its average volume of 1,009,737. PVH Corp. has a 12-month low of $84.53 and a 12-month high of $133.47. The firm has a market capitalization of $10,306.74, a P/E ratio of 18.57, a P/E/G ratio of 1.32 and a beta of 0.59. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.88 and a current ratio of 1.80.
PVH Corp. (NYSE:PVH) last released its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 EPS for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $2.02 billion. During the same period in the previous year, the company earned $1.47 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. equities research analysts expect that PVH Corp. will post 7.71 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 22nd will be issued a $0.038 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. PVH Corp.’s dividend payout ratio is currently 2.87%.
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A number of brokerages have weighed in on PVH. Credit Suisse Group set a $136.00 price target on shares of PVH Corp. and gave the company a “buy” rating in a research note on Friday, August 18th. Sanford C. Bernstein began coverage on shares of PVH Corp. in a research note on Tuesday, September 12th. They issued a “market perform” rating and a $142.00 price target on the stock. B. Riley reaffirmed a “buy” rating on shares of PVH Corp. in a research note on Wednesday, November 1st. Piper Jaffray Companies set a $148.00 price target on shares of PVH Corp. and gave the company an “overweight” rating in a research note on Wednesday, August 23rd. Finally, BidaskClub lowered shares of PVH Corp. from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 23rd. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. PVH Corp. has a consensus rating of “Buy” and an average price target of $138.71.
In other news, EVP David F. Kozel sold 8,867 shares of the business’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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 39,307 shares of company stock worth $4,980,787. Corporate insiders own 1.50% of the company’s stock.
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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