Old Mutual Global Investors UK Ltd. bought a new position in PVH Corp (NYSE:PVH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,200 shares of the textile maker’s stock, valued at approximately $987,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Janus Henderson Group PLC increased its holdings in PVH by 75.1% in 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 in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in PVH in the 2nd quarter valued at $370,000. Toronto Dominion Bank increased its holdings in PVH by 23.6% in the 2nd quarter. Toronto Dominion Bank now owns 26,440 shares of the textile maker’s stock valued at $3,028,000 after purchasing an additional 5,040 shares in the last quarter. Sentry Investment Management LLC increased its holdings in PVH by 1.0% in the 2nd quarter. Sentry Investment Management LLC now owns 6,309 shares of the textile maker’s stock valued at $722,000 after purchasing an additional 65 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in PVH in the 2nd quarter valued at $3,916,000. 93.70% of the stock is currently owned by institutional investors and hedge funds.
Shares of PVH Corp (PVH) opened at $148.55 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 1.82. The firm has a market capitalization of $11,427.80, a PE ratio of 19.57, a PEG ratio of 1.29 and a beta of 0.67. PVH Corp has a 52 week low of $88.06 and a 52 week high of $157.96.
PVH (NYSE:PVH) last announced its earnings results on Wednesday, November 29th. The textile maker reported $3.02 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.11. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. PVH had a return on equity of 11.95% and a net margin of 6.22%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $2.60 earnings per share. sell-side analysts predict that PVH Corp will post 7.82 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.038 per share. The ex-dividend date is Tuesday, February 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.10%. PVH’s payout ratio is 2.23%.
In other news, CEO Emanuel Chirico sold 370,327 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $132.56, for a total transaction of $49,090,547.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mary Baglivo sold 2,000 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $133.99, for a total transaction of $267,980.00. The disclosure for this sale can be found here. Insiders have sold 392,290 shares of company stock worth $52,131,795 in the last ninety days. Corporate insiders own 1.30% of the company’s stock.
Several brokerages recently issued reports on PVH. Cowen set a $145.00 price target on PVH and gave the company a “buy” rating in a report on Wednesday, November 1st. Zacks Investment Research downgraded PVH from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Instinet began coverage on PVH in a report on Thursday. They issued a “neutral” rating and a $150.00 price target for the company. Wells Fargo & Co set a $158.00 price target on PVH and gave the company an “outperform” rating in a report on Thursday, November 30th. Finally, JPMorgan Chase & Co. set a $160.00 price target on PVH and gave the company a “buy” rating in a report on Thursday, November 30th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $149.79.
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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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