Investment House LLC lowered its stake in PVH Corp. (NYSE:PVH) by 25.3% during the second quarter, Holdings Channel reports. The fund owned 2,445 shares of the company’s stock after selling 830 shares during the period. Investment House LLC’s holdings in PVH Corp. were worth $230,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in PVH Corp. during the fourth quarter valued at $59,106,000. Chevy Chase Trust Holdings Inc. boosted its position in PVH Corp. by 3.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 69,144 shares of the company’s stock valued at $6,850,000 after buying an additional 2,459 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in PVH Corp. by 12.8% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 19,177 shares of the company’s stock valued at $1,900,000 after buying an additional 2,174 shares during the last quarter. Exxonmobil Investment Management Inc. TX boosted its position in PVH Corp. by 7.8% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 19,952 shares of the company’s stock valued at $1,976,000 after buying an additional 1,451 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in PVH Corp. by 214.6% in the first quarter. Acadian Asset Management LLC now owns 3,055 shares of the company’s stock valued at $303,000 after buying an additional 2,084 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.
Shares of PVH Corp. (NYSE:PVH) traded down 0.19% during trading on Friday, hitting $108.60. The stock had a trading volume of 500,457 shares. PVH Corp. has a 52 week low of $64.16 and a 52 week high of $111.75. The company has a market capitalization of $8.71 billion, a PE ratio of 13.15 and a beta of 1.13. The firm has a 50-day moving average price of $106.41 and a 200 day moving average price of $97.37.
PVH Corp. (NYSE:PVH) last released its quarterly earnings data on Wednesday, August 24th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.18. PVH Corp. had a return on equity of 12.55% and a net margin of 8.34%. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the company posted $1.37 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities analysts anticipate that PVH Corp. will post $6.66 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 24th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. PVH Corp.’s payout ratio is 1.82%.
PVH has been the topic of several recent research reports. Piper Jaffray Cos. increased their price objective on PVH Corp. to $109.00 in a research report on Thursday, May 26th. Buckingham Research increased their price objective on PVH Corp. from $116.00 to $118.00 and gave the stock a “buy” rating in a research report on Friday, May 27th. Citigroup Inc. increased their price objective on PVH Corp. from $95.00 to $96.00 and gave the stock a “neutral” rating in a research report on Friday, May 27th. Brean Capital increased their price objective on PVH Corp. from $111.00 to $115.00 and gave the stock a “buy” rating in a research report on Sunday, May 29th. Finally, TheStreet upgraded PVH Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, June 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. PVH Corp. has an average rating of “Buy” and a consensus price target of $113.17.
PVH Corp. Company Profile
PVH Corp. is an apparel company. The Company’s segments include Calvin Klein North America; Calvin Klein International; Tommy Hilfiger North America; Tommy Hilfiger International; Heritage Brands Wholesale, and Heritage Brands Retail. The Company’s brand portfolio consists of various brand names, including Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner’s, Olga and Eagle, which are owned, and Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, MICHAEL Michael Kors, Michael Kors Collection and Chaps, which are licensed, as well as various other licensed and private label brands.
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