Alps Advisors Inc. trimmed its holdings in PVH Corp (NYSE:PVH) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,532 shares of the textile maker’s stock after selling 93 shares during the period. Alps Advisors Inc.’s holdings in PVH were worth $700,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in PVH. JPMorgan Chase & Co. raised its position in shares of PVH by 54.5% in the third quarter. JPMorgan Chase & Co. now owns 6,677,007 shares of the textile maker’s stock valued at $964,158,000 after buying an additional 2,356,377 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of PVH in the third quarter valued at approximately $110,677,000. FMR LLC raised its position in shares of PVH by 9.1% in the second quarter. FMR LLC now owns 6,874,778 shares of the textile maker’s stock valued at $1,029,292,000 after buying an additional 575,989 shares in the last quarter. AQR Capital Management LLC raised its position in shares of PVH by 84.6% in the third quarter. AQR Capital Management LLC now owns 777,222 shares of the textile maker’s stock valued at $112,231,000 after buying an additional 356,158 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its position in shares of PVH by 26.0% in the third quarter. Neuberger Berman Group LLC now owns 1,164,186 shares of the textile maker’s stock valued at $168,108,000 after buying an additional 240,510 shares in the last quarter. Institutional investors own 96.87% of the company’s stock.
A number of equities research analysts have recently weighed in on PVH shares. Piper Jaffray Companies set a $150.00 price target on shares of PVH and gave the company a “buy” rating in a research report on Friday, November 30th. UBS Group upgraded shares of PVH from a “neutral” rating to a “buy” rating and dropped their price target for the company from $170.00 to $145.00 in a research report on Monday, January 7th. Guggenheim reiterated a “buy” rating and issued a $150.00 price target on shares of PVH in a research report on Sunday, December 2nd. Goldman Sachs Group upgraded shares of PVH from a “sell” rating to a “neutral” rating and dropped their price target for the company from $142.00 to $130.00 in a research report on Friday, November 9th. Finally, Deutsche Bank set a $171.00 price target on shares of PVH and gave the company a “buy” rating in a research report on Tuesday, November 27th. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $147.76.
In related news, Director Craig W. Rydin bought 1,050 shares of the firm’s stock in a transaction on Friday, December 14th. The shares were purchased at an average price of $94.09 per share, with a total value of $98,794.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Emanuel Chirico bought 10,000 shares of the firm’s stock in a transaction on Friday, December 14th. The shares were bought at an average cost of $95.51 per share, for a total transaction of $955,100.00. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.
Shares of NYSE:PVH opened at $112.53 on Thursday. The company has a market capitalization of $8.54 billion, a P/E ratio of 14.17, a PEG ratio of 0.84 and a beta of 1.07. The company has a current ratio of 1.74, a quick ratio of 0.85 and a debt-to-equity ratio of 0.51. PVH Corp has a 1 year low of $86.46 and a 1 year high of $169.22.
PVH (NYSE:PVH) last announced its quarterly earnings data on Thursday, November 29th. The textile maker reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.07. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.53 billion. PVH had a net margin of 7.20% and a return on equity of 13.00%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $3.02 earnings per share. As a group, equities analysts predict that PVH Corp will post 9.5 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 28th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. PVH’s dividend payout ratio (DPR) is 1.89%.
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PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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