Louisiana State Employees Retirement System cut its stake in PVH Corp (NYSE:PVH) by 2.0% during the first quarter, according to its most recent filing with the SEC. The fund owned 4,900 shares of the textile maker’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in PVH Corp were worth $507,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Great West Life Assurance Co. Can boosted its position in shares of PVH Corp by 2.8% in the third quarter. Great West Life Assurance Co. Can now owns 60,293 shares of the textile maker’s stock valued at $6,659,000 after buying an additional 1,645 shares during the period. World Asset Management Inc boosted its position in shares of PVH Corp by 1.4% in the third quarter. World Asset Management Inc now owns 8,166 shares of the textile maker’s stock valued at $902,000 after buying an additional 116 shares during the period. Huntington National Bank boosted its position in shares of PVH Corp by 1,231.4% in the third quarter. Huntington National Bank now owns 3,981 shares of the textile maker’s stock valued at $440,000 after buying an additional 3,682 shares during the period. Quantbot Technologies LP acquired a new position in shares of PVH Corp during the third quarter valued at $1,348,000. Finally, LMR Partners LLP acquired a new position in shares of PVH Corp during the third quarter valued at $787,000. Hedge funds and other institutional investors own 97.96% of the company’s stock.
Shares of PVH Corp (NYSE:PVH) opened at 99.09 on Friday. The firm’s 50-day moving average is $101.29 and its 200-day moving average is $97.82. The company has a market cap of $7.75 billion, a PE ratio of 14.59 and a beta of 0.67. PVH Corp has a 1-year low of $83.80 and a 1-year high of $115.40.
PVH Corp (NYSE:PVH) last announced its earnings results on Wednesday, March 22nd. The textile maker reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.04. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. PVH Corp had a return on equity of 12.15% and a net margin of 7.10%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $1.52 EPS. On average, equities analysts forecast that PVH Corp will post $7.39 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Investors of record on Thursday, May 18th will be paid a $0.038 dividend. This represents a $0.15 annualized dividend and a yield of 0.15%. The ex-dividend date of this dividend is Tuesday, May 16th. PVH Corp’s dividend payout ratio is currently 2.10%.
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Several equities analysts have recently weighed in on PVH shares. Zacks Investment Research upgraded shares of PVH Corp from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Tuesday, January 31st. Evercore ISI cut shares of PVH Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, February 1st. Piper Jaffray Companies set a $112.00 price objective on shares of PVH Corp and gave the stock a “buy” rating in a research note on Thursday, March 16th. Credit Suisse Group AG set a $121.00 price objective on shares of PVH Corp and gave the stock a “hold” rating in a research note on Monday, March 20th. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $126.00 price objective on shares of PVH Corp in a research note on Thursday, March 23rd. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $118.27.
In related news, CEO Daniel Grieder sold 18,701 shares of the stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $103.43, for a total value of $1,934,244.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark D. Fischer sold 1,000 shares of the stock in a transaction on Friday, March 24th. The shares were sold at an average price of $101.72, for a total value of $101,720.00. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.
PVH Corp 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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