Snow Capital Management LP boosted its stake in PVH Corp (NYSE:PVH) by 391.7% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 49,170 shares of the textile maker’s stock after buying an additional 39,170 shares during the period. Snow Capital Management LP’s holdings in PVH Corp were worth $5,088,000 at the end of the most recent quarter.
Other hedge funds and 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 period. NINE MASTS CAPITAL Ltd purchased a new position in PVH Corp during the first quarter valued at approximately $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 period. Ameritas Investment Partners Inc. purchased a new position in PVH Corp during the first quarter valued at approximately $198,000. Finally, Cleararc Capital Inc. purchased a new position in PVH Corp during the first quarter valued at approximately $202,000. Hedge funds and other institutional investors own 97.96% of the company’s stock.
PVH Corp (NYSE PVH) traded up 2.36% during mid-day trading on Friday, reaching $105.59. 751,960 shares of the company traded hands. The firm has a market cap of $8.26 billion, a PE ratio of 21.83 and a beta of 0.67. PVH Corp has a one year low of $83.80 and a one year high of $115.40. The stock’s 50-day moving average price is $102.36 and its 200-day moving average price is $97.41.
PVH Corp (NYSE:PVH) last issued its quarterly earnings results on Wednesday, May 24th. The textile maker reported $1.65 EPS for the quarter, topping the consensus estimate of $1.60 by $0.05. PVH Corp had a net margin of 7.10% and a return on equity of 12.15%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the company earned $1.50 EPS. PVH Corp’s revenue was up 3.7% on a year-over-year basis. Analysts forecast that PVH Corp will post $7.50 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Thursday, May 18th will be given a dividend of $0.038 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend is Tuesday, May 16th. PVH Corp’s dividend payout ratio is 2.10%.
Several research analysts have commented on the stock. B. Riley restated a “buy” rating and issued a $125.00 target price on shares of PVH Corp in a research report on Sunday, April 9th. ValuEngine cut shares of PVH Corp from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Piper Jaffray Companies set a $120.00 target price on shares of PVH Corp and gave the stock a “buy” rating in a research report on Thursday, May 25th. Cowen and Company upped their price target on shares of PVH Corp from $118.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 25th. Finally, Zacks Investment Research lowered shares of PVH Corp from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. PVH Corp has an average rating of “Buy” and a consensus price target of $121.44.
In other news, EVP Mark D. Fischer sold 1,000 shares of PVH Corp stock in a transaction that occurred on Friday, March 24th. The shares were sold at an average price of $101.72, for a total transaction of $101,720.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Daniel Grieder sold 18,701 shares of PVH Corp stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $103.43, for a total transaction of $1,934,244.43. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,198 shares of company stock valued at $2,300,621. 1.30% of the stock is owned by corporate insiders.
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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