Epoch Investment Partners Inc. Has $50.83 Million Position in PVH Corp. (PVH)

Epoch Investment Partners Inc. trimmed its position in PVH Corp. (NYSE:PVH) by 28.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 403,217 shares of the textile maker’s stock after selling 159,140 shares during the quarter. Epoch Investment Partners Inc. owned 0.52% of PVH worth $50,830,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC increased its position in PVH by 75.1% during the 2nd quarter. Janus Henderson Group PLC now owns 22,416 shares of the textile maker’s stock valued at $2,567,000 after purchasing an additional 9,611 shares during the period. Caxton Associates LP purchased a new position in PVH during the 2nd quarter valued at $7,443,000. Columbus Circle Investors purchased a new position in PVH during the 3rd quarter valued at $30,247,000. TIAA CREF Investment Management LLC increased its position in PVH by 8.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 491,022 shares of the textile maker’s stock valued at $56,222,000 after purchasing an additional 39,164 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in PVH by 8.7% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 180,903 shares of the textile maker’s stock valued at $20,713,000 after purchasing an additional 14,434 shares during the period. 93.75% of the stock is currently owned by institutional investors.

PVH has been the topic of a number of research analyst reports. BidaskClub downgraded shares of PVH from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 23rd. FBR & Co set a $135.00 price objective on shares of PVH and gave the company a “buy” rating in a research report on Monday, August 21st. Credit Suisse Group set a $136.00 price objective on shares of PVH and gave the company a “buy” rating in a research report on Friday, August 18th. Cowen set a $140.00 price objective on shares of PVH and gave the company a “buy” rating in a research report on Friday, August 11th. Finally, Zacks Investment Research raised shares of PVH from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research report on Thursday, August 24th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $143.94.

In other news, SVP James Holmes sold 851 shares of the business’s stock in a transaction on 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 legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Shares of PVH Corp. (NYSE PVH) traded down $3.03 during mid-day trading on Tuesday, hitting $134.28. 1,691,800 shares of the stock were exchanged, compared to its average volume of 1,016,902. PVH Corp. has a 1 year low of $84.53 and a 1 year high of $139.51. The company has a market cap of $10,631.15, a PE ratio of 18.09, a PEG ratio of 1.35 and a beta of 0.61. The company has a current ratio of 1.82, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61.

PVH (NYSE:PVH) last announced its earnings results on Wednesday, November 29th. The textile maker reported $3.02 EPS for the quarter, beating the Zacks’ consensus estimate of $2.91 by $0.11. PVH had a net margin of 6.22% and a return on equity of 11.95%. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the business posted $2.60 EPS. The company’s quarterly revenue was up 5.0% on a year-over-year basis. equities research analysts expect that PVH Corp. will post 7.79 earnings per share for the current year.

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

WARNING: “Epoch Investment Partners Inc. Has $50.83 Million Position in PVH Corp. (PVH)” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2017/12/05/epoch-investment-partners-inc-has-50-83-million-position-in-pvh-corp-pvh.html.

PVH 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.

Want to see what other hedge funds are holding PVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PVH Corp. (NYSE:PVH).

Institutional Ownership by Quarter for PVH (NYSE:PVH)

Receive News & Ratings for PVH Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply