Allianz Asset Management GmbH trimmed its position in shares of PVH Corp (NYSE:PVH) by 47.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 100,105 shares of the textile maker’s stock after selling 90,579 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.13% of PVH worth $12,619,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of PVH. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of PVH by 2.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 25,613 shares of the textile maker’s stock valued at $3,242,000 after acquiring an additional 600 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of PVH by 156.3% in the third quarter. Envestnet Asset Management Inc. now owns 15,560 shares of the textile maker’s stock valued at $1,960,000 after acquiring an additional 9,490 shares in the last quarter. Nicholas Investment Partners LP purchased a new stake in shares of PVH in the third quarter valued at $5,128,000. Invictus RG lifted its position in shares of PVH by 66.5% in the third quarter. Invictus RG now owns 5,114 shares of the textile maker’s stock valued at $645,000 after acquiring an additional 2,043 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of PVH by 20.2% in the third quarter. Stifel Financial Corp now owns 47,343 shares of the textile maker’s stock valued at $5,979,000 after acquiring an additional 7,966 shares in the last quarter. Institutional investors own 94.36% of the company’s stock.
Several analysts have recently issued reports on PVH shares. Credit Suisse Group set a $136.00 price objective on PVH and gave the company a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded 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. ValuEngine downgraded PVH from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Buckingham Research upped their price objective on PVH from $142.00 to $143.00 and gave the company a “buy” rating in a research report on Friday, August 25th. Finally, Deutsche Bank started coverage on PVH in a research report on Monday, October 23rd. They issued a “hold” rating and a $131.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. PVH has a consensus rating of “Buy” and a consensus price target of $143.94.
PVH Corp (PVH) traded down $0.92 during trading on Friday, reaching $131.69. The company had a trading volume of 981,500 shares, compared to its average volume of 1,010,701. The firm has a market capitalization of $10,201.60, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.30 and a beta of 0.61. PVH Corp has a 52-week low of $84.53 and a 52-week 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 announced its quarterly earnings results on Wednesday, November 29th. The textile maker reported $3.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.91 by $0.11. The company had revenue of $2.36 billion during 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%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.60 earnings per share. equities research analysts forecast that PVH Corp will post 7.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 22nd will be paid 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 yield of 0.12%. PVH’s dividend payout ratio is presently 2.23%.
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 transaction of $108,068.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.30% of the company’s stock.
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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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