Fiduciary Trust Co. acquired a new position in PVH Corp. (NYSE:PVH) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,207 shares of the textile maker’s stock, valued at approximately $138,000.
Other hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. raised its position in shares of PVH Corp. by 28.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock worth $106,000 after acquiring an additional 204 shares in the last quarter. FNY Partners Fund LP raised its position in shares of PVH Corp. by 53.3% in the 1st quarter. FNY Partners Fund LP now owns 1,150 shares of the textile maker’s stock worth $118,000 after acquiring an additional 400 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of PVH Corp. by 9.5% in the 1st quarter. Penserra Capital Management LLC now owns 1,334 shares of the textile maker’s stock worth $138,000 after acquiring an additional 116 shares in the last quarter. NINE MASTS CAPITAL Ltd bought a new position in shares of PVH Corp. in the 1st quarter worth about $155,000. Finally, Rational Advisors LLC bought a new position in shares of PVH Corp. in the 2nd quarter worth about $183,000. 95.24% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on PVH shares. Credit Suisse Group set a $136.00 price objective on PVH Corp. and gave the stock a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research raised PVH Corp. from a “hold” rating to a “buy” rating and set a $112.00 price objective for the company in a research report on Monday, May 22nd. ValuEngine lowered PVH Corp. from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Buckingham Research lifted their price objective on PVH Corp. from $142.00 to $143.00 and gave the stock a “buy” rating in a research report on Friday, August 25th. Finally, Citigroup Inc. lifted their price objective on PVH Corp. from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, May 30th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $137.31.
PVH Corp. (NYSE:PVH) opened at 128.09 on Wednesday. PVH Corp. has a 1-year low of $84.53 and a 1-year high of $130.75. The firm has a market cap of $9.97 billion, a P/E ratio of 24.43 and a beta of 0.46. The firm’s 50-day moving average price is $123.33 and its 200-day moving average price is $107.93.
PVH Corp. (NYSE:PVH) last announced its earnings results on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.04. PVH Corp. had a net margin of 4.96% and a return on equity of 11.67%. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the firm earned $1.47 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities research analysts anticipate that PVH Corp. will post $7.71 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 24th will be paid a dividend of $0.038 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend is Tuesday, August 22nd. PVH Corp.’s dividend payout ratio is 2.87%.
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In other PVH Corp. news, COO Michael A. Shaffer sold 45,525 shares of the firm’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $111.37, for a total transaction of $5,070,119.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark D. Fischer sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $109.75, for a total transaction of $164,625.00. The disclosure for this sale can be found here. Insiders have sold 87,750 shares of company stock valued at $10,368,221 in the last ninety days. Insiders own 1.50% of the company’s stock.
About PVH Corp.
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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