PVH Corp (PVH) Stake Raised by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. raised its holdings in PVH Corp (NYSE:PVH) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 288,904 shares of the textile maker’s stock after buying an additional 13,668 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in PVH were worth $39,641,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Profund Advisors LLC purchased a new position in shares of PVH in the 2nd quarter valued at approximately $243,000. Janus Henderson Group PLC lifted its stake in shares of PVH by 75.1% in the 2nd quarter. Janus Henderson Group PLC now owns 22,416 shares of the textile maker’s stock valued at $2,567,000 after purchasing an additional 9,611 shares during the period. Cornerstone Capital Management Holdings LLC. lifted its stake in shares of PVH by 51.3% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 23,227 shares of the textile maker’s stock valued at $2,658,000 after purchasing an additional 7,875 shares during the period. BlueCrest Capital Management Ltd purchased a new position in shares of PVH in the 2nd quarter valued at approximately $1,152,000. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of PVH by 47.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 9,432 shares of the textile maker’s stock valued at $1,080,000 after purchasing an additional 3,045 shares during the period. Hedge funds and other institutional investors own 93.88% of the company’s stock.

A number of research analysts have recently commented on PVH shares. Deutsche Bank started coverage on PVH in a research note on Monday, October 23rd. They issued a “hold” rating and a $131.00 target price for the company. Piper Jaffray Companies restated a “buy” rating and issued a $148.00 target price on shares of PVH in a research note on Wednesday, November 1st. Cowen set a $145.00 target price on PVH and gave the company a “buy” rating in a research note on Wednesday, November 1st. Zacks Investment Research cut PVH from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, B. Riley restated a “buy” rating on shares of PVH in a research note on Wednesday, November 1st. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. PVH presently has a consensus rating of “Buy” and an average price target of $149.76.

In other PVH news, EVP Mark D. Fischer sold 891 shares of PVH stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $147.34, for a total transaction of $131,279.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Emanuel Chirico sold 370,327 shares of PVH stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $132.56, for a total value of $49,090,547.12. The disclosure for this sale can be found here. Insiders have sold 392,290 shares of company stock valued at $52,131,795 in the last quarter. 1.30% of the stock is owned by company insiders.

PVH Corp (NYSE:PVH) opened at $144.09 on Friday. The stock has a market capitalization of $11,080.00, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 1.30 and a beta of 0.67. PVH Corp has a one year low of $87.16 and a one year high of $157.96. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 1.82.

PVH (NYSE:PVH) last announced its quarterly earnings data on Wednesday, November 29th. The textile maker reported $3.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.91 by $0.11. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. PVH had a return on equity of 11.95% and a net margin of 6.22%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.60 earnings per share. equities research analysts forecast that PVH Corp will post 7.82 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, February 28th will be paid a dividend of $0.038 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend is Tuesday, February 27th. PVH’s payout ratio is 2.23%.

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

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