HL Financial Services LLC Boosts Stake in PVH Corp (PVH)

HL Financial Services LLC grew its holdings in shares of PVH Corp (NYSE:PVH) by 10.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,164 shares of the textile maker’s stock after purchasing an additional 781 shares during the period. HL Financial Services LLC’s holdings in PVH were worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of PVH. Ameriprise Financial Inc. boosted its position in shares of PVH by 31.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,026,587 shares of the textile maker’s stock valued at $507,666,000 after purchasing an additional 952,394 shares in the last quarter. Royal Bank of Canada boosted its position in shares of PVH by 548.0% during the 2nd quarter. Royal Bank of Canada now owns 297,303 shares of the textile maker’s stock valued at $34,043,000 after purchasing an additional 251,424 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in shares of PVH by 3,135.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 251,754 shares of the textile maker’s stock valued at $31,736,000 after purchasing an additional 243,974 shares in the last quarter. Columbus Circle Investors bought a new position in shares of PVH during the 3rd quarter valued at about $30,247,000. Finally, Dana Investment Advisors Inc. boosted its position in shares of PVH by 549.5% during the 3rd 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 in the last quarter. Institutional investors own 93.88% of the company’s stock.

PVH Corp (PVH) opened at $151.07 on Monday. PVH Corp has a fifty-two week low of $84.53 and a fifty-two week high of $157.96. The company has a market cap of $11,621.72, a PE ratio of 22.48, a price-to-earnings-growth ratio of 1.32 and a beta of 0.67. The company has a quick ratio of 0.97, a current ratio of 1.82 and a debt-to-equity ratio of 0.61.

PVH (NYSE:PVH) last announced its 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. PVH had a net margin of 6.22% and a return on equity of 11.95%. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the company posted $2.60 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. sell-side analysts predict that PVH Corp will post 7.82 EPS for the current year.

Several equities analysts have recently weighed in on PVH shares. Deutsche Bank started coverage on shares of PVH in a research report on Monday, October 23rd. They set a “hold” rating and a $131.00 price objective for the company. Cowen set a $145.00 price objective on shares of PVH and gave the company a “buy” rating in a research report on Wednesday, November 1st. Wells Fargo & Co raised their price objective on shares of PVH from $158.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday, January 3rd. Barclays set a $156.00 price objective on shares of PVH and gave the company a “buy” rating in a research report on Saturday, December 2nd. Finally, Piper Jaffray Companies set a $148.00 target price on shares of PVH and gave the stock a “buy” rating in a report on Monday, November 27th. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $149.76.

In other news, CEO Steven B. Shiffman sold 3,100 shares of the stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $136.38, for a total value of $422,778.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Melanie Steiner sold 320 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $136.99, for a total transaction of $43,836.80. The disclosure for this sale can be found here. Insiders sold 392,290 shares of company stock valued at $52,131,795 over the last three months. 1.50% of the stock is owned by insiders.

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About PVH

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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