PVH Corp. (PVH) Stake Cut by Fifth Third Bancorp

Fifth Third Bancorp decreased its stake in PVH Corp. (NYSE:PVH) by 22.3% during the first quarter, Holdings Channel reports. The fund owned 2,730 shares of the textile maker’s stock after selling 783 shares during the period. Fifth Third Bancorp’s holdings in PVH Corp. were worth $282,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the company. Penserra Capital Management LLC boosted its position in PVH Corp. by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,334 shares of the textile maker’s stock valued at $138,000 after buying an additional 116 shares during the last quarter. NINE MASTS CAPITAL Ltd purchased a new position in PVH Corp. during the first quarter valued at $155,000. Financial Architects Inc boosted its position in PVH Corp. by 261.6% in the first quarter. Financial Architects Inc now owns 1,602 shares of the textile maker’s stock valued at $166,000 after buying an additional 1,159 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in PVH Corp. during the first quarter valued at $198,000. Finally, Mn Services Vermogensbeheer B.V. boosted its position in PVH Corp. by 6.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,174 shares of the textile maker’s stock valued at $210,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 96.69% of the company’s stock.

Institutional Ownership by Quarter for PVH Corp. (NYSE:PVH)

PVH Corp. (NYSE PVH) traded up 0.37% on Friday, reaching $109.47. 187,467 shares of the company’s stock were exchanged. PVH Corp. has a 12 month low of $83.80 and a 12 month high of $115.40. The firm has a market cap of $8.52 billion, a PE ratio of 22.63 and a beta of 0.47. The firm’s 50-day moving average is $103.30 and its 200-day moving average is $97.25.

PVH Corp. (NYSE:PVH) last announced its quarterly earnings results on Wednesday, May 24th. The textile maker reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.05. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. PVH Corp. had a net margin of 4.69% and a return on equity of 11.57%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.50 earnings per share. On average, equities analysts forecast that PVH Corp. will post $7.50 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Thursday, May 18th were paid a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date was Tuesday, May 16th. PVH Corp.’s dividend payout ratio is currently 3.11%.

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Several research firms have weighed in on PVH. B. Riley reiterated a “buy” rating and set a $125.00 price objective on shares of PVH Corp. in a research report on Sunday, April 9th. Zacks Investment Research cut shares of PVH Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday. Piper Jaffray Companies set a $120.00 price objective on shares of PVH Corp. and gave the stock a “buy” rating in a research report on Thursday, May 25th. ValuEngine cut shares of PVH Corp. from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a $130.00 price objective (up from $125.00) on shares of PVH Corp. in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $122.06.

In other news, EVP Mark D. Fischer sold 1,500 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $109.75, for a total transaction of $164,625.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Steven B. Shiffman sold 2,200 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $105.82, for a total transaction of $232,804.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,534 shares of company stock valued at $3,188,110. 1.30% of the stock is currently owned by corporate insiders.

About PVH Corp.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PVH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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