Nisa Investment Advisors LLC Sells 2,150 Shares of PVH Corp (PVH)

Nisa Investment Advisors LLC reduced its position in PVH Corp (NYSE:PVH) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,740 shares of the textile maker’s stock after selling 2,150 shares during the quarter. Nisa Investment Advisors LLC’s holdings in PVH were worth $3,532,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. First Allied Advisory Services Inc. raised its holdings in shares of PVH by 2.7% in the second quarter. First Allied Advisory Services Inc. now owns 2,202 shares of the textile maker’s stock valued at $249,000 after acquiring an additional 57 shares in the last quarter. Sentry Investment Management LLC raised its holdings in shares of PVH by 1.0% in the second quarter. Sentry Investment Management LLC now owns 6,309 shares of the textile maker’s stock valued at $722,000 after acquiring an additional 65 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of PVH by 0.8% in the second quarter. PNC Financial Services Group Inc. now owns 14,310 shares of the textile maker’s stock valued at $1,638,000 after acquiring an additional 107 shares in the last quarter. ETRADE Capital Management LLC raised its holdings in shares of PVH by 7.4% in the second quarter. ETRADE Capital Management LLC now owns 3,112 shares of the textile maker’s stock valued at $356,000 after acquiring an additional 214 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC raised its holdings in shares of PVH by 6.3% in the third quarter. Global X MANAGEMENT CO LLC now owns 6,805 shares of the textile maker’s stock valued at $858,000 after acquiring an additional 406 shares in the last quarter. Hedge funds and other institutional investors own 93.82% of the company’s stock.

In other news, CEO Steven B. Shiffman sold 3,100 shares of the business’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $136.38, for a total transaction of $422,778.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Emanuel Chirico sold 370,327 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $132.56, for a total value of $49,090,547.12. The disclosure for this sale can be found here. Insiders have sold 388,299 shares of company stock worth $51,554,859 in the last 90 days. Insiders own 1.30% of the company’s stock.

Several analysts recently weighed in on PVH shares. JPMorgan Chase & Co. set a $160.00 price objective on PVH and gave the company a “buy” rating in a report on Thursday, November 30th. Piper Jaffray Companies restated a “buy” rating and issued a $148.00 price objective on shares of PVH in a report on Sunday, October 1st. Zacks Investment Research upgraded PVH from a “hold” rating to a “buy” rating and set a $143.00 price objective for the company in a report on Wednesday, September 20th. Cowen set a $145.00 price objective on PVH and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, B. Riley restated a “buy” rating on shares of PVH in a report on Wednesday, November 1st. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $147.59.

PVH Corp (NYSE PVH) opened at $142.49 on Thursday. PVH Corp has a 52 week low of $84.53 and a 52 week high of $144.83. 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 stock has a market capitalization of $10,877.81, a PE ratio of 21.20, a price-to-earnings-growth ratio of 1.39 and a beta of 0.61.

PVH (NYSE:PVH) last posted its earnings results on Wednesday, November 29th. The textile maker reported $3.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.11. PVH had a return on equity of 11.95% and a net margin of 6.22%. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the firm earned $2.60 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. equities research analysts expect that PVH Corp will post 7.81 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 22nd were paid a dividend of $0.038 per share. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. PVH’s payout ratio is 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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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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