NumerixS Investment Technologies Inc purchased a new stake in PVH Corp (NYSE:PVH) during the 2nd quarter, HoldingsChannel reports. The firm purchased 5,300 shares of the textile maker’s stock, valued at approximately $502,000.
A number of other large investors also recently added to or reduced their stakes in PVH. Edgestream Partners L.P. bought a new stake in shares of PVH during the 2nd quarter valued at $4,760,000. Stone Ridge Asset Management LLC boosted its holdings in shares of PVH by 88.8% during the 2nd quarter. Stone Ridge Asset Management LLC now owns 5,315 shares of the textile maker’s stock valued at $503,000 after buying an additional 2,500 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in shares of PVH by 6.5% during the 2nd quarter. New York State Teachers Retirement System now owns 114,966 shares of the textile maker’s stock valued at $10,880,000 after buying an additional 7,049 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of PVH by 29.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 68,736 shares of the textile maker’s stock valued at $8,364,000 after buying an additional 15,441 shares in the last quarter. Finally, Oxbow Advisors LLC boosted its holdings in shares of PVH by 3.9% during the 2nd quarter. Oxbow Advisors LLC now owns 10,061 shares of the textile maker’s stock valued at $952,000 after buying an additional 380 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.
In other PVH news, Director Henry Nasella bought 6,250 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was acquired at an average price of $80.37 per share, with a total value of $502,312.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Emanuel Chirico bought 133,155 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average cost of $74.99 per share, with a total value of $9,985,293.45. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.
NYSE:PVH traded down $1.82 during mid-day trading on Tuesday, reaching $88.80. The company’s stock had a trading volume of 665,576 shares, compared to its average volume of 1,673,811. PVH Corp has a 12-month low of $67.41 and a 12-month high of $145.25. The firm’s fifty day moving average price is $78.57 and its two-hundred day moving average price is $100.14. The company has a current ratio of 1.40, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a market cap of $6.56 billion, a P/E ratio of 9.25, a PEG ratio of 0.92 and a beta of 1.43.
PVH (NYSE:PVH) last issued its earnings results on Wednesday, August 28th. The textile maker reported $2.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.21. PVH had a return on equity of 12.64% and a net margin of 6.96%. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the previous year, the firm earned $2.18 EPS. PVH’s revenue was up 1.3% on a year-over-year basis. Analysts predict that PVH Corp will post 9.4 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Friday, August 30th will be given a $0.038 dividend. This is a positive change from PVH’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. PVH’s payout ratio is 1.56%.
A number of analysts have recently commented on PVH shares. JPMorgan Chase & Co. dropped their target price on shares of PVH from $139.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, May 30th. Guggenheim set a $100.00 target price on shares of PVH and gave the company a “buy” rating in a report on Friday, August 23rd. TheStreet lowered PVH from a “b” rating to a “c+” rating in a research report on Wednesday, May 29th. Bank of America lowered their price target on PVH from $115.00 to $93.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, DA Davidson lowered their price target on PVH to $105.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. PVH currently has an average rating of “Buy” and a consensus price target of $107.50.
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, 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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