Teachers Advisors LLC lifted its holdings in shares of PVH Corp. (NYSE:PVH) by 47.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 556,763 shares of the textile maker’s stock after buying an additional 179,547 shares during the period. Teachers Advisors LLC owned 0.72% of PVH Corp. worth $63,749,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in PVH. DekaBank Deutsche Girozentrale grew its position in shares of PVH Corp. by 179.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 10,893 shares of the textile maker’s stock valued at $1,151,000 after buying an additional 7,000 shares during the last quarter. US Bancorp DE grew its position in shares of PVH Corp. by 3.5% during the 1st quarter. US Bancorp DE now owns 6,158 shares of the textile maker’s stock valued at $637,000 after buying an additional 211 shares during the last quarter. World Asset Management Inc grew its position in shares of PVH Corp. by 9.3% during the 1st quarter. World Asset Management Inc now owns 8,224 shares of the textile maker’s stock valued at $851,000 after buying an additional 699 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in shares of PVH Corp. by 12.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 348,342 shares of the textile maker’s stock valued at $36,043,000 after buying an additional 37,666 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in shares of PVH Corp. during the 1st quarter valued at about $3,628,000. 95.24% of the stock is owned by institutional investors and hedge funds.
In other PVH Corp. news, CEO Francis K. Duane sold 24,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $126.86, for a total value of $3,044,640.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 87,750 shares of company stock valued at $10,368,221 in the last 90 days. Corporate insiders own 1.30% of the company’s stock.
A number of brokerages recently weighed in on PVH. B. Riley reaffirmed a “buy” rating and set a $128.00 price objective on shares of PVH Corp. in a research report on Tuesday, May 30th. UBS AG reaffirmed a “buy” rating and set a $120.00 price objective (up previously from $116.00) on shares of PVH Corp. in a research report on Thursday, May 25th. Zacks Investment Research downgraded shares of PVH Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Credit Suisse Group set a $136.00 price objective on shares of PVH Corp. and gave the company a “buy” rating in a research report on Friday, August 18th. Finally, Sanford C. Bernstein began coverage on shares of PVH Corp. in a research report on Tuesday. They set a “market perform” rating and a $142.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $137.81.
Shares of PVH Corp. (PVH) opened at 128.10 on Friday. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of 24.43 and a beta of 0.46. The stock has a 50 day moving average of $124.40 and a 200-day moving average of $108.71. PVH Corp. has a 52 week low of $84.53 and a 52 week high of $130.75.
PVH Corp. (NYSE:PVH) last posted its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.04. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.02 billion. PVH Corp. had a net margin of 4.96% and a return on equity of 11.67%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.47 EPS. Analysts expect that PVH Corp. will post $7.71 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 24th will be given a $0.038 dividend. This represents a $0.15 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend is Tuesday, August 22nd. PVH Corp.’s payout ratio is presently 2.87%.
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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