361 Capital LLC acquired a new stake in shares of PVH Corp. (NYSE:PVH) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,182 shares of the textile maker’s stock, valued at approximately $1,788,000.
Several other large investors have also made changes to their positions in PVH. Advisors Asset Management Inc. grew its position in PVH Corp. by 28.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock worth $106,000 after purchasing an additional 204 shares during the last quarter. YorkBridge Wealth Partners LLC bought a new position in PVH Corp. in the 3rd quarter worth about $108,000. Fiduciary Trust Co. bought a new position in PVH Corp. in the 2nd quarter worth about $138,000. Rational Advisors LLC bought a new position in PVH Corp. in the 2nd quarter worth about $183,000. Finally, Penserra Capital Management LLC grew its position in PVH Corp. by 24.7% in the 2nd quarter. Penserra Capital Management LLC now owns 1,664 shares of the textile maker’s stock worth $190,000 after purchasing an additional 330 shares during the last quarter. 96.45% of the stock is owned by institutional investors and hedge funds.
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In related news, EVP David F. Kozel sold 8,867 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $125.19, for a total value of $1,110,059.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Francis K. Duane sold 24,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $126.86, for a total transaction of $3,044,640.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,307 shares of company stock valued at $4,980,787. 1.30% of the stock is owned by insiders.
PVH Corp. (PVH) traded up $3.18 during mid-day trading on Friday, reaching $133.12. 1,297,259 shares of the company traded hands, compared to its average volume of 707,823. PVH Corp. has a fifty-two week low of $84.53 and a fifty-two week high of $133.47. The firm has a market capitalization of $10,306.68, a price-to-earnings ratio of 18.57, a PEG ratio of 1.32 and a beta of 0.59. The company has a current ratio of 1.80, a quick ratio of 0.88 and a debt-to-equity ratio of 0.63.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings results on Wednesday, August 23rd. The textile maker reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.04. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.02 billion. PVH Corp. had a net margin of 4.96% and a return on equity of 11.67%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.47 EPS. equities analysts forecast that PVH Corp. will post 7.71 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, November 22nd will be given a $0.038 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. PVH Corp.’s dividend payout ratio (DPR) is presently 2.87%.
Several research analysts have commented on the stock. Piper Jaffray Companies set a $148.00 target price on shares of PVH Corp. and gave the stock a “buy” rating in a research report on Thursday. Deutsche Bank AG began coverage on shares of PVH Corp. in a research note on Monday, October 23rd. They issued a “hold” rating and a $131.00 price target for the company. Sanford C. Bernstein began coverage on shares of PVH Corp. in a research note on Tuesday, September 12th. They issued a “market perform” rating and a $142.00 price target for the company. Zacks Investment Research lowered shares of PVH Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, Barclays PLC began coverage on shares of PVH Corp. in a research note on Tuesday, September 19th. They issued an “overweight” rating and a $147.00 price target for the company. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $138.71.
PVH Corp. 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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