Cramer Rosenthal Mcglynn LLC reduced its position in shares of PVH Corp (NYSE:PVH) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,019,790 shares of the textile maker’s stock after selling 64,792 shares during the period. PVH accounts for about 2.2% of Cramer Rosenthal Mcglynn LLC’s portfolio, making the stock its 5th largest holding. Cramer Rosenthal Mcglynn LLC owned 1.33% of PVH worth $139,925,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Cerebellum GP LLC purchased a new stake in PVH during the 4th quarter worth approximately $131,000. Squar Milner Financial Services LLC purchased a new stake in PVH during the 4th quarter worth approximately $212,000. Conning Inc. purchased a new stake in PVH during the 4th quarter worth approximately $220,000. Everence Capital Management Inc. purchased a new stake in PVH during the 4th quarter worth approximately $248,000. Finally, CAPROCK Group Inc. purchased a new stake in PVH during the 4th quarter worth approximately $267,000. Institutional investors own 94.54% of the company’s stock.
In related news, SVP James Holmes sold 2,552 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $135.85, for a total value of $346,689.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark D. Fischer sold 891 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $147.34, for a total value of $131,279.94. The disclosure for this sale can be found here. Insiders sold 392,290 shares of company stock worth $52,131,795 over the last quarter. 1.30% of the stock is currently owned by insiders.
Several research firms have commented on PVH. Cowen set a $165.00 price objective on PVH and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research lowered PVH from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Piper Jaffray Companies set a $148.00 price target on PVH and gave the company a “buy” rating in a research report on Thursday, November 16th. Instinet initiated coverage on PVH in a research report on Thursday, February 15th. They issued a “neutral” rating and a $150.00 price target for the company. Finally, Nomura initiated coverage on PVH in a research report on Thursday, February 15th. They issued a “neutral” rating and a $150.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $150.58.
PVH Corp (PVH) opened at $143.07 on Monday. PVH Corp has a twelve month low of $89.52 and a twelve month high of $157.96. The company has a market capitalization of $11,006.23, a P/E ratio of 21.29, a P/E/G ratio of 1.23 and a beta of 0.71. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.82 and a quick ratio of 0.97.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, February 28th will be issued a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date is Tuesday, February 27th. PVH’s dividend payout ratio is presently 2.23%.
ILLEGAL ACTIVITY WARNING: “Cramer Rosenthal Mcglynn LLC Cuts Holdings in PVH Corp (PVH)” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/03/12/cramer-rosenthal-mcglynn-llc-cuts-holdings-in-pvh-corp-pvh.html.
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.
Want to see what other hedge funds are holding PVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PVH Corp (NYSE:PVH).
Receive News & Ratings for PVH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH and related companies with MarketBeat.com's FREE daily email newsletter.