Systematic Financial Management LP Reduces Position in PVH Corp (PVH)

Systematic Financial Management LP decreased its holdings in PVH Corp (NYSE:PVH) by 61.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 215,399 shares of the textile maker’s stock after selling 344,267 shares during the period. Systematic Financial Management LP’s holdings in PVH were worth $29,555,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of PVH. Ameriprise Financial Inc. grew its stake in shares of PVH by 31.0% in the third quarter. Ameriprise Financial Inc. now owns 4,026,587 shares of the textile maker’s stock worth $507,666,000 after acquiring an additional 952,394 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in shares of PVH by 3,135.9% in the third quarter. Wedge Capital Management L L P NC now owns 251,754 shares of the textile maker’s stock worth $31,736,000 after acquiring an additional 243,974 shares in the last quarter. Columbus Circle Investors acquired a new position in shares of PVH in the third quarter worth $30,247,000. Dana Investment Advisors Inc. grew its stake in shares of PVH by 549.5% in the third quarter. Dana Investment Advisors Inc. now owns 280,931 shares of the textile maker’s stock worth $35,414,000 after acquiring an additional 237,679 shares in the last quarter. Finally, Capital Growth Management LP acquired a new position in shares of PVH in the fourth quarter worth $21,268,000. Institutional investors and hedge funds own 98.12% of the company’s stock.

In related news, CEO Emanuel Chirico sold 370,327 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $132.56, for a total value of $49,090,547.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James Holmes sold 2,552 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $135.85, for a total transaction of $346,689.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 392,290 shares of company stock valued at $52,131,795. 1.50% of the stock is owned by corporate insiders.

PVH has been the subject of several research reports. Deutsche Bank initiated coverage on shares of PVH in a research note on Monday, October 23rd. They issued a “hold” rating and a $131.00 price target for the company. Piper Jaffray Companies restated a “buy” rating and issued a $148.00 price target on shares of PVH in a research note on Wednesday, November 1st. Cowen set a $145.00 price target on shares of PVH and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Zacks Investment Research downgraded shares of PVH from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, B. Riley restated a “buy” rating on shares of PVH in a research note on Wednesday, November 1st. Five equities research 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 $149.79.

Shares of PVH Corp (PVH) opened at $148.55 on Monday. PVH Corp has a 1 year low of $88.19 and a 1 year high of $157.96. The firm has a market cap of $11,427.85, a price-to-earnings ratio of 22.11, a P/E/G ratio of 1.29 and a beta of 0.67. The company has a quick ratio of 0.97, a current ratio of 1.82 and a debt-to-equity ratio of 0.61.

PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, November 29th. The textile maker reported $3.02 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company earned $2.60 earnings per share. PVH’s quarterly revenue was up 5.0% compared to the same quarter last year. equities analysts predict that PVH Corp will post 7.82 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, February 28th will be given a $0.038 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $0.15 dividend on an annualized basis and a yield of 0.10%. PVH’s dividend payout ratio (DPR) is presently 2.23%.

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PVH 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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