Acadian Asset Management LLC lessened its holdings in PVH Corp (NYSE:PVH) by 67.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,049 shares of the textile maker’s stock after selling 99,296 shares during the period. Acadian Asset Management LLC owned approximately 0.06% of PVH worth $6,938,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Martingale Asset Management L P raised its position in PVH by 225.2% in the second quarter. Martingale Asset Management L P now owns 8,811 shares of the textile maker’s stock worth $1,320,000 after purchasing an additional 6,102 shares in the last quarter. Millennium Management LLC grew its stake in PVH by 118.4% during the second quarter. Millennium Management LLC now owns 936,344 shares of the textile maker’s stock worth $140,189,000 after buying an additional 507,641 shares during the last quarter. California Public Employees Retirement System grew its stake in PVH by 4.1% during the second quarter. California Public Employees Retirement System now owns 195,194 shares of the textile maker’s stock worth $29,224,000 after buying an additional 7,714 shares during the last quarter. Globeflex Capital L P grew its stake in PVH by 28.7% during the second quarter. Globeflex Capital L P now owns 6,663 shares of the textile maker’s stock worth $998,000 after buying an additional 1,484 shares during the last quarter. Finally, Exane Asset Management bought a new stake in PVH during the second quarter worth about $224,000. 95.23% of the stock is owned by hedge funds and other institutional investors.
PVH opened at $125.24 on Wednesday. PVH Corp has a one year low of $116.52 and a one year high of $169.22. The company has a current ratio of 1.72, a quick ratio of 0.78 and a debt-to-equity ratio of 0.52. The company has a market cap of $9.68 billion, a PE ratio of 15.77, a P/E/G ratio of 1.08 and a beta of 0.92.
PVH (NYSE:PVH) last released its quarterly earnings results on Wednesday, August 29th. The textile maker reported $2.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.09 by $0.09. PVH had a net margin of 7.28% and a return on equity of 13.07%. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the prior year, the firm earned $1.69 earnings per share. PVH’s revenue was up 12.8% compared to the same quarter last year. As a group, equities analysts anticipate that PVH Corp will post 9.27 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Wednesday, November 28th will be paid a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. PVH’s dividend payout ratio (DPR) is currently 1.89%.
Several brokerages have weighed in on PVH. Zacks Investment Research cut shares of PVH from a “buy” rating to a “hold” rating in a research note on Tuesday, August 21st. ValuEngine raised shares of PVH from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. DA Davidson began coverage on shares of PVH in a research note on Tuesday, September 25th. They set a “buy” rating and a $167.00 price objective on the stock. Buckingham Research decreased their price objective on shares of PVH from $188.00 to $176.00 and set a “buy” rating on the stock in a research note on Wednesday, October 17th. Finally, Piper Jaffray Companies set a $177.00 price objective on shares of PVH and gave the stock a “buy” rating in a research note on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $170.30.
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PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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