Great West Life Assurance Co. Can trimmed its position in shares of PVH Corp. (NYSE:PVH) by 1.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,560 shares of the textile maker’s stock after selling 952 shares during the period. Great West Life Assurance Co. Can owned approximately 0.07% of PVH worth $7,089,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in PVH. Advisors Asset Management Inc. grew its stake in PVH by 28.2% during the second quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock worth $106,000 after buying an additional 204 shares in the last quarter. YorkBridge Wealth Partners LLC acquired a new stake in PVH during the third quarter worth about $108,000. Fiduciary Trust Co. acquired a new stake in PVH during the second quarter worth about $138,000. Rational Advisors LLC acquired a new stake in PVH during the second quarter worth about $183,000. Finally, Penserra Capital Management LLC grew its stake in PVH by 24.7% during the second quarter. Penserra Capital Management LLC now owns 1,664 shares of the textile maker’s stock worth $190,000 after buying an additional 330 shares in the last quarter. Hedge funds and other institutional investors own 93.75% of the company’s stock.
A number of equities research analysts have recently weighed in on PVH shares. Credit Suisse Group set a $136.00 price target on shares of PVH and gave the company a “buy” rating in a research note on Friday, August 18th. Zacks Investment Research upgraded shares of PVH from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Thursday, August 24th. ValuEngine downgraded shares of PVH from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Buckingham Research raised their price target on shares of PVH from $142.00 to $143.00 and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, Deutsche Bank started coverage on shares of PVH in a research note on Monday, October 23rd. They issued a “hold” rating and a $131.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $143.94.
In related news, SVP James Holmes sold 851 shares of the firm’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by company insiders.
Shares of PVH Corp. (NYSE PVH) traded down $0.32 during midday trading on Thursday, reaching $133.28. 814,300 shares of the company were exchanged, compared to its average volume of 1,018,151. The company has a market cap of $10,277.76, a price-to-earnings ratio of 17.60, a PEG ratio of 1.31 and a beta of 0.61. PVH Corp. has a 1-year low of $84.53 and a 1-year high of $139.51. The company has a current ratio of 1.82, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61.
PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, November 29th. The textile maker reported $3.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.11. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.34 billion. PVH had a net margin of 6.22% and a return on equity of 11.95%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business earned $2.60 EPS. analysts predict that PVH Corp. will post 7.8 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, November 22nd will be issued a $0.038 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. PVH’s dividend payout ratio (DPR) is presently 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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