BlackRock Advisors LLC decreased its stake in PVH Corp. (NYSE:PVH) by 56.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 112,835 shares of the company’s stock after selling 145,207 shares during the period. BlackRock Advisors LLC owned about 0.14% of PVH Corp. worth $10,633,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Cowen Group Inc. bought a new stake in shares of PVH Corp. during the second quarter worth $1,501,000. Tower Research Capital LLC TRC bought a new stake in shares of PVH Corp. during the second quarter worth $328,000. Convergence Investment Partners LLC bought a new stake in shares of PVH Corp. during the second quarter worth $554,000. Monetta Financial Services Inc. bought a new stake in shares of PVH Corp. during the second quarter worth $471,000. Finally, Vanguard Group Inc. boosted its stake in shares of PVH Corp. by 2.3% in the second quarter. Vanguard Group Inc. now owns 7,549,368 shares of the company’s stock worth $711,375,000 after buying an additional 172,427 shares during the period. 95.45% of the stock is owned by institutional investors and hedge funds.
PVH Corp. (NYSE:PVH) opened at 114.00 on Friday. The firm’s 50-day moving average is $108.59 and its 200 day moving average is $98.96. The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of 13.80 and a beta of 1.07. PVH Corp. has a 12 month low of $64.16 and a 12 month high of $114.42.
PVH Corp. (NYSE:PVH) last posted its quarterly earnings data on Wednesday, August 24th. The company reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.18. PVH Corp. had a net margin of 8.34% and a return on equity of 12.55%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the firm posted $1.37 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. Equities analysts predict 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. Shareholders 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 yield of 0.13%. PVH Corp.’s dividend payout ratio (DPR) is 1.82%.
A number of brokerages recently weighed in on PVH. Piper Jaffray Cos. set a $124.00 price target on shares of PVH Corp. and gave the company a “buy” rating in a research report on Friday. Guggenheim began coverage on shares of PVH Corp. in a research report on Friday, September 30th. They issued a “buy” rating and a $125.00 price target for the company. Brean Capital reissued a “buy” rating on shares of PVH Corp. in a research report on Thursday, September 22nd. Wells Fargo & Co. began coverage on shares of PVH Corp. in a research report on Monday, September 12th. They issued an “outperform” rating and a $126.00 price target for the company. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of PVH Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $113.79.
In other PVH Corp. news, CEO Francis K. Duane sold 25,405 shares of the stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $112.00, for a total transaction of $2,845,360.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark D. Fischer sold 1,000 shares of the stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $112.50, for a total transaction of $112,500.00. Following the transaction, the executive vice president now owns 16,732 shares in the company, valued at $1,882,350. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
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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