Barings LLC held its stake in shares of PVH Corp. (NYSE:PVH) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,970 shares of the textile maker’s stock at the end of the first quarter. Barings LLC’s holdings in PVH Corp. were worth $2,998,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the company. Tudor Investment Corp Et Al boosted its stake in shares of PVH Corp. by 50.5% in the fourth quarter. Tudor Investment Corp Et Al now owns 17,974 shares of the textile maker’s stock valued at $1,622,000 after buying an additional 6,034 shares during the last quarter. Two Sigma Investments LP raised its position in PVH Corp. by 4,269.9% in the fourth quarter. Two Sigma Investments LP now owns 41,699 shares of the textile maker’s stock worth $3,763,000 after buying an additional 42,699 shares in the last quarter. Janus Capital Management LLC raised its position in PVH Corp. by 981.4% in the fourth quarter. Janus Capital Management LLC now owns 519,093 shares of the textile maker’s stock worth $46,843,000 after buying an additional 471,093 shares in the last quarter. Franklin Resources Inc. raised its position in PVH Corp. by 15.7% in the fourth quarter. Franklin Resources Inc. now owns 8,675 shares of the textile maker’s stock worth $783,000 after buying an additional 1,175 shares in the last quarter. Finally, GSA Capital Partners LLP increased its stake in shares of PVH Corp. by 205.8% in the fourth quarter. GSA Capital Partners LLP now owns 10,078 shares of the textile maker’s stock worth $909,000 after buying an additional 6,782 shares during the last quarter. Institutional investors and hedge funds own 96.43% of the company’s stock.
PVH Corp. (NYSE PVH) traded up 0.39% during trading on Wednesday, reaching $112.20. 302,337 shares of the company’s stock traded hands. The company has a 50 day moving average price of $105.06 and a 200-day moving average price of $97.56. PVH Corp. has a 12-month low of $84.53 and a 12-month high of $115.86. The company has a market cap of $8.73 billion, a PE ratio of 23.20 and a beta of 0.51.
PVH Corp. (NYSE:PVH) last announced its quarterly earnings data on Wednesday, May 24th. The textile maker reported $1.65 EPS for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.05. PVH Corp. had a net margin of 4.69% and a return on equity of 11.57%. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the firm posted $1.50 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts forecast that PVH Corp. will post $7.50 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 20th. Investors of record on Thursday, May 18th were given a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date was Tuesday, May 16th. PVH Corp.’s dividend payout ratio (DPR) is 3.11%.
Several equities analysts have recently weighed in on PVH shares. BidaskClub upgraded PVH Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. ValuEngine raised PVH Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. FBR & Co assumed coverage on PVH Corp. in a report on Tuesday. They issued an “outperform” rating and a $135.00 price objective on the stock. Cowen and Company boosted their price target on PVH Corp. from $118.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, May 25th. Finally, Piper Jaffray Companies set a $120.00 target price on PVH Corp. and gave the stock a “buy” rating in a report on Wednesday, June 14th. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. PVH Corp. has an average rating of “Buy” and a consensus target price of $122.82.
In other news, EVP Mark D. Fischer sold 1,500 shares of the firm’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $115.00, for a total value of $172,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Michael A. Shaffer sold 45,525 shares of the firm’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $111.37, for a total transaction of $5,070,119.25. The disclosure for this sale can be found here. Insiders sold a total of 59,627 shares of company stock worth $6,584,743 over the last ninety days. Insiders own 1.50% of the company’s stock.
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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