Deutsche Bank AG reduced its holdings in PVH (NYSE:PVH) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 326,519 shares of the textile maker’s stock after selling 13,319 shares during the quarter. Deutsche Bank AG owned about 0.42% of PVH worth $44,797,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Cerebellum GP LLC acquired a new stake in shares of PVH in the fourth quarter valued at about $131,000. Squar Milner Financial Services LLC acquired a new stake in shares of PVH in the fourth quarter valued at about $212,000. Conning Inc. acquired a new stake in shares of PVH in the fourth quarter valued at about $220,000. Everence Capital Management Inc. acquired a new stake in shares of PVH in the fourth quarter valued at about $248,000. Finally, CAPROCK Group Inc. acquired a new stake in shares of PVH in the fourth quarter valued at about $267,000. 96.16% of the stock is currently owned by institutional investors.
In other news, EVP Mark D. Fischer sold 2,000 shares of PVH stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $159.00, for a total value of $318,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steven B. Shiffman sold 3,100 shares of PVH stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $143.76, for a total transaction of $445,656.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,091 shares of company stock valued at $7,415,353. Corporate insiders own 1.30% of the company’s stock.
PVH traded down $2.78 during midday trading on Friday, reaching $156.73. 1,240,609 shares of the company’s stock were exchanged, compared to its average volume of 1,018,786. The stock has a market cap of $12,271.00, a price-to-earnings ratio of 19.74, a P/E/G ratio of 1.34 and a beta of 0.74. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.55. PVH has a one year low of $96.85 and a one year high of $160.22.
PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, March 28th. The textile maker reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.11. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.35 billion. PVH had a net margin of 6.03% and a return on equity of 12.03%. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 earnings per share. equities research analysts expect that PVH will post 9.15 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Shareholders of record on Wednesday, February 28th were paid a dividend of $0.038 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date was Tuesday, February 27th. PVH’s dividend payout ratio is 1.89%.
Several brokerages have recently issued reports on PVH. Zacks Investment Research downgraded PVH from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. B. Riley set a $160.00 target price on PVH and gave the stock a “buy” rating in a research report on Wednesday. Barclays lifted their target price on PVH from $156.00 to $166.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Wells Fargo set a $180.00 target price on PVH and gave the stock a “buy” rating in a research report on Thursday, March 29th. Finally, Deutsche Bank raised PVH from a “hold” rating to a “buy” rating and set a $131.00 target price on the stock in a research report on Wednesday, February 7th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $158.28.
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PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail segments. It designs, markets, and retails men's and women's apparel and accessories, branded dress shirts, neckwear, sportswear, jeans wear, intimate apparel, swim products, handbags, footwear, golf apparel, fragrances, cosmetics, eyewear, socks, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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