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%.
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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.
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