Vident Investment Advisory LLC boosted its position in PVH (NYSE:PVH) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,744 shares of the textile maker’s stock after buying an additional 1,796 shares during the period. Vident Investment Advisory LLC’s holdings in PVH were worth $3,670,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of PVH. Columbus Circle Investors acquired a new position in PVH in the 3rd quarter valued at $30,247,000. Lombard Odier Asset Management Switzerland SA raised its stake in PVH by 3.2% in the 4th quarter. Lombard Odier Asset Management Switzerland SA now owns 13,820 shares of the textile maker’s stock valued at $1,896,000 after purchasing an additional 431 shares during the last quarter. IFM Investors Pty Ltd purchased a new stake in PVH in the 3rd quarter valued at $311,000. Quantbot Technologies LP purchased a new stake in PVH in the 3rd quarter valued at $2,986,000. Finally, Davidson Kempner Capital Management LP purchased a new stake in PVH in the 3rd quarter valued at $18,909,000. Hedge funds and other institutional investors own 96.16% of the company’s stock.
In other PVH news, CEO Francis K. Duane sold 22,100 shares of the business’s stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $154.77, for a total transaction of $3,420,417.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Fischer sold 2,000 shares of the business’s stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $159.00, for a total value of $318,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,091 shares of company stock valued at $7,415,353. Insiders own 1.30% of the company’s stock.
Shares of PVH stock traded down $2.78 during trading on Friday, reaching $156.73. The company’s stock had a trading volume of 1,240,723 shares, compared to its average volume of 1,018,786. The company has a market cap of $12,057.08, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.31 and a beta of 0.74. PVH has a 12-month low of $96.85 and a 12-month high of $160.22. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.62 and a quick ratio of 0.77.
PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, March 28th. The textile maker reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.11. PVH had a return on equity of 12.03% and a net margin of 6.03%. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the previous year, the firm posted $1.23 earnings per share. PVH’s revenue was up 18.5% on a year-over-year basis. equities research analysts anticipate that PVH will post 9.15 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Wednesday, February 28th were issued a $0.038 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.10%. PVH’s dividend payout ratio (DPR) is 1.89%.
PVH has been the subject of several analyst reports. B. Riley started coverage on PVH in a research note on Friday, December 22nd. They set a “buy” rating and a $155.00 target price on the stock. 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 note on Wednesday, February 7th. ValuEngine raised PVH from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised PVH from a “hold” rating to a “buy” rating and set a $158.00 price target on the stock in a research report on Thursday, January 11th. Finally, Cowen set a $165.00 price target on PVH and gave the company a “buy” rating in a research report on Thursday, March 8th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target 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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