Shell Asset Management Co. raised its position in shares of PVH Corp. (NYSE:PVH) by 144.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,055 shares of the textile maker’s stock after buying an additional 7,117 shares during the quarter. Shell Asset Management Co.’s holdings in PVH Corp. were worth $1,460,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its position in shares of PVH Corp. by 75.1% during the second quarter. Janus Henderson Group PLC now owns 22,416 shares of the textile maker’s stock valued at $2,567,000 after buying an additional 9,611 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of PVH Corp. by 8.7% during the second quarter. TIAA CREF Investment Management LLC now owns 491,022 shares of the textile maker’s stock valued at $56,222,000 after buying an additional 39,164 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of PVH Corp. by 8.7% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 180,903 shares of the textile maker’s stock valued at $20,713,000 after buying an additional 14,434 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of PVH Corp. by 153.8% during the second quarter. Renaissance Technologies LLC now owns 761,670 shares of the textile maker’s stock valued at $87,211,000 after buying an additional 461,600 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC lifted its position in shares of PVH Corp. by 47.2% during the second quarter. Quantitative Systematic Strategies LLC now owns 24,810 shares of the textile maker’s stock valued at $2,823,000 after buying an additional 7,961 shares during the last quarter. 95.69% of the stock is owned by institutional investors and hedge funds.
In other PVH Corp. news, EVP David F. Kozel sold 8,867 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $125.19, for a total value of $1,110,059.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP James Holmes sold 851 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $126.99, for a total value of $108,068.49. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,307 shares of company stock valued at $4,980,787. 1.50% of the stock is owned by company insiders.
Several analysts have commented on PVH shares. FBR & Co started coverage on shares of PVH Corp. in a research report on Tuesday, July 11th. They set an “outperform” rating and a $135.00 price target for the company. BidaskClub lowered shares of PVH Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Buckingham Research reissued a “buy” rating and set a $127.00 price target on shares of PVH Corp. in a research report on Monday, July 17th. Cowen and Company set a $120.00 price target on shares of PVH Corp. and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Bank of America Corporation started coverage on shares of PVH Corp. in a research report on Thursday, August 3rd. They set a “buy” rating and a $146.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $138.71.
PVH Corp. (NYSE PVH) opened at 127.05 on Monday. The firm has a market cap of $9.84 billion, a P/E ratio of 24.23 and a beta of 0.46. The company has a 50-day moving average of $126.84 and a 200 day moving average of $115.23. PVH Corp. has a one year low of $84.53 and a one year high of $133.24.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.04. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the previous year, the business earned $1.47 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities research analysts expect that PVH Corp. will post $7.72 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 22nd will be paid a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Tuesday, November 21st. PVH Corp.’s dividend payout ratio is currently 2.87%.
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PVH Corp. Company 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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