Alpine Woods Capital Investors LLC Grows Stake in PVH Corp. (PVH)

Alpine Woods Capital Investors LLC raised its position in PVH Corp. (NYSE:PVH) by 49.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,010 shares of the textile maker’s stock after purchasing an additional 1,000 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in PVH were worth $379,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Ameriprise Financial Inc. raised its position in PVH by 31.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,026,587 shares of the textile maker’s stock worth $507,666,000 after purchasing an additional 952,394 shares during the period. FMR LLC increased its position in shares of PVH by 5.5% during the second quarter. FMR LLC now owns 3,587,739 shares of the textile maker’s stock worth $410,796,000 after acquiring an additional 187,588 shares during the period. JPMorgan Chase & Co. increased its position in shares of PVH by 0.4% during the second quarter. JPMorgan Chase & Co. now owns 3,219,010 shares of the textile maker’s stock worth $368,576,000 after acquiring an additional 13,101 shares during the period. Cramer Rosenthal Mcglynn LLC increased its position in shares of PVH by 8.6% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,239,768 shares of the textile maker’s stock worth $141,953,000 after acquiring an additional 98,443 shares during the period. Finally, Balyasny Asset Management LLC increased its position in shares of PVH by 136.3% during the second quarter. Balyasny Asset Management LLC now owns 1,173,862 shares of the textile maker’s stock worth $134,407,000 after acquiring an additional 677,096 shares during the period. 93.75% of the stock is currently owned by institutional investors.

PVH Corp. (PVH) traded up $0.45 during trading hours on Thursday, hitting $133.73. 668,516 shares of the stock traded hands, compared to its average volume of 1,016,669. PVH Corp. has a 1-year low of $84.53 and a 1-year high of $139.51. The company has a quick ratio of 0.97, a current ratio of 1.82 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $10,277.76, a P/E ratio of 17.60, a P/E/G ratio of 1.31 and a beta of 0.61.

PVH (NYSE:PVH) last issued its earnings results on Wednesday, November 29th. The textile maker reported $3.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the company posted $2.60 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. research analysts forecast that PVH Corp. will post 7.8 earnings per share for the current fiscal year.

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

In related news, SVP James Holmes sold 851 shares of the firm’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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.

PVH has been the topic of a number of research reports. BidaskClub raised shares of PVH from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th. Cowen set a $140.00 price objective on shares of PVH and gave the company a “buy” rating in a research note on Friday, August 11th. Credit Suisse Group set a $136.00 price objective on shares of PVH and gave the company a “buy” rating in a research note on Friday, August 18th. FBR & Co set a $135.00 price objective on shares of PVH and gave the company a “buy” rating in a research note on Monday, August 21st. Finally, Zacks Investment Research downgraded shares of PVH from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. PVH currently has a consensus rating of “Buy” and a consensus price target of $143.94.

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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.

Institutional Ownership by Quarter for PVH (NYSE:PVH)

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