Russell Investments Group Ltd. Boosts Stake in PVH Corp. (NYSE:PVH)

Russell Investments Group Ltd. raised its position in PVH Corp. (NYSE:PVH) by 59.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 291,586 shares of the textile maker’s stock after buying an additional 108,988 shares during the period. Russell Investments Group Ltd. owned 0.37% of PVH Corp. worth $33,398,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Regentatlantic Capital LLC increased its position in PVH Corp. by 2.4% in the second quarter. Regentatlantic Capital LLC now owns 33,351 shares of the textile maker’s stock worth $3,819,000 after buying an additional 786 shares during the period. Quantitative Systematic Strategies LLC increased its position in PVH Corp. by 47.2% in the second quarter. Quantitative Systematic Strategies LLC now owns 24,810 shares of the textile maker’s stock worth $2,823,000 after buying an additional 7,961 shares during the period. BB&T Corp increased its position in PVH Corp. by 5.0% in the second quarter. BB&T Corp now owns 3,824 shares of the textile maker’s stock valued at $438,000 after buying an additional 182 shares during the period. Aperio Group LLC increased its position in PVH Corp. by 7.4% in the second quarter. Aperio Group LLC now owns 37,651 shares of the textile maker’s stock valued at $4,311,000 after buying an additional 2,587 shares during the period. Finally, Alpha Windward LLC increased its position in PVH Corp. by 1,402.5% in the second quarter. Alpha Windward LLC now owns 4,868 shares of the textile maker’s stock valued at $557,000 after buying an additional 4,544 shares during the period. 97.42% of the stock is owned by institutional investors and hedge funds.

Shares of PVH Corp. (PVH) traded up 1.85% during trading on Friday, hitting $123.88. The stock had a trading volume of 686,327 shares. The stock has a market cap of $9.64 billion, a P/E ratio of 25.61 and a beta of 0.51. PVH Corp. has a one year low of $84.53 and a one year high of $126.11. The stock’s 50 day moving average price is $116.46 and its 200-day moving average price is $102.67.

PVH Corp. (NYSE:PVH) last released its earnings results on Wednesday, May 24th. The textile maker reported $1.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.05. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. PVH Corp. had a net margin of 4.69% and a return on equity of 11.57%. PVH Corp.’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $1.50 EPS. Analysts expect that PVH Corp. will post $7.52 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th will be paid a $0.038 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. PVH Corp.’s dividend payout ratio is currently 3.11%.

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PVH has been the topic of several analyst reports. Bank of America Corporation initiated coverage on PVH Corp. in a research report on Thursday, August 3rd. They set a “buy” rating and a $146.00 target price on the stock. Zacks Investment Research downgraded PVH Corp. from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Credit Suisse Group upgraded PVH Corp. from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $114.00 to $136.00 in a research report on Tuesday, May 30th. Citigroup Inc. boosted their price objective on PVH Corp. from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, May 30th. Finally, BidaskClub raised PVH Corp. from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Three equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $126.53.

In other PVH Corp. news, CEO Francis K. Duane sold 2,497 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $105.99, for a total value of $264,657.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Dana Perlman sold 769 shares of the firm’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $114.77, for a total transaction of $88,258.13. The disclosure for this sale can be found here. Insiders sold a total of 59,627 shares of company stock worth $6,584,743 in the last ninety days. Corporate insiders own 1.30% 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.

Institutional Ownership by Quarter for PVH Corp. (NYSE:PVH)

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