PVH Corp. (PVH) Shares Sold by Delphi Management Inc. MA

Delphi Management Inc. MA cut its stake in shares of PVH Corp. (NYSE:PVH) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,367 shares of the textile maker’s stock after selling 467 shares during the quarter. Delphi Management Inc. MA’s holdings in PVH were worth $1,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Hahn Capital Management LLC lifted its position in PVH by 1.0% during the third quarter. Hahn Capital Management LLC now owns 290,773 shares of the textile maker’s stock valued at $36,655,000 after purchasing an additional 2,751 shares during the last quarter. IFM Investors Pty Ltd bought a new stake in PVH during the third quarter valued at approximately $311,000. Dana Investment Advisors Inc. lifted its position in PVH by 549.5% during the third quarter. Dana Investment Advisors Inc. now owns 280,931 shares of the textile maker’s stock valued at $35,414,000 after purchasing an additional 237,679 shares during the last quarter. Sterling Capital Management LLC lifted its position in PVH by 527.9% during the third quarter. Sterling Capital Management LLC now owns 22,183 shares of the textile maker’s stock valued at $2,796,000 after purchasing an additional 18,650 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its position in PVH by 1.3% during the third quarter. Neuberger Berman Group LLC now owns 900,625 shares of the textile maker’s stock valued at $113,533,000 after purchasing an additional 11,213 shares during the last quarter. Institutional investors and hedge funds own 94.36% of the company’s stock.

PVH Corp. (PVH) traded down $0.33 during mid-day trading on Thursday, hitting $132.61. 791,300 shares of the company’s stock traded hands, compared to its average volume of 1,010,823. The stock has a market capitalization of $10,226.99, a P/E ratio of 17.51, a PEG ratio of 1.31 and a beta of 0.61. PVH Corp. has a 52-week low of $84.53 and a 52-week high of $139.51. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.82 and a quick ratio of 0.97.

PVH (NYSE:PVH) last posted its quarterly earnings results on Wednesday, November 29th. The textile maker reported $3.02 EPS for the quarter, topping the consensus estimate of $2.91 by $0.11. The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. PVH had a net margin of 6.22% and a return on equity of 11.95%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $2.60 earnings per share. equities analysts forecast that PVH Corp. will post 7.81 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, November 22nd will be paid a $0.038 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend is Tuesday, November 21st. PVH’s payout ratio is 2.23%.

In related news, SVP James Holmes sold 851 shares of PVH stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $126.99, for a total value of $108,068.49. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by insiders.

Several equities research analysts have issued reports on PVH shares. Zacks Investment Research upgraded shares of PVH from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research report on Thursday, August 24th. UBS reiterated a “buy” rating and set a $140.00 target price (up from $128.00) on shares of PVH in a research report on Thursday, August 24th. Cowen set a $145.00 target price on shares of PVH and gave the company a “buy” rating in a research report on Wednesday, August 23rd. BidaskClub lowered shares of PVH from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 23rd. Finally, FBR & Co set a $135.00 target price on shares of PVH and gave the company a “buy” rating in a research report on Monday, August 21st. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $143.94.

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

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