Crossmark Global Holdings Inc. bought a new position in shares of PVH Corp. (NYSE:PVH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,186 shares of the textile maker’s stock, valued at approximately $1,158,000.
Several other hedge funds and other institutional investors have also modified their holdings of PVH. Advisors Asset Management Inc. raised its position in shares of PVH Corp. by 28.2% during 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. Fiduciary Trust Co. acquired a new stake in shares of PVH Corp. during the 2nd quarter worth about $138,000. Rational Advisors LLC acquired a new stake in shares of PVH Corp. during the 2nd quarter worth about $183,000. Penserra Capital Management LLC raised its position in shares of PVH Corp. by 24.7% during the 2nd quarter. Penserra Capital Management LLC now owns 1,664 shares of the textile maker’s stock worth $190,000 after acquiring an additional 330 shares in the last quarter. Finally, Cadence Capital Management LLC acquired a new stake in shares of PVH Corp. during the 2nd quarter worth about $200,000. 95.76% of the stock is currently owned by institutional investors and hedge funds.
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Shares of PVH Corp. (PVH) opened at $127.47 on Friday. The company has a current ratio of 1.80, a quick ratio of 0.88 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $9,667.99, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 1.24 and a beta of 0.59. PVH Corp. has a 12-month low of $84.53 and a 12-month high of $133.24.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.04. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the prior year, the business earned $1.47 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. equities analysts predict that PVH Corp. will post 7.72 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 22nd will be given a $0.038 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. PVH Corp.’s dividend payout ratio is currently 2.87%.
PVH has been the topic of several research analyst reports. Deutsche Bank AG initiated coverage on PVH Corp. in a research report on Monday, October 23rd. They set a “hold” rating and a $131.00 price target on the stock. Zacks Investment Research lowered PVH Corp. from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. Citigroup Inc. lifted their price target on PVH Corp. from $125.00 to $148.00 and gave the stock a “neutral” rating in a research report on Friday, August 25th. Credit Suisse Group set a $149.00 price target on PVH Corp. and gave the stock a “buy” rating in a research report on Thursday, August 24th. Finally, Buckingham Research reaffirmed a “buy” rating and set a $127.00 price target on shares of PVH Corp. in a research report on Monday, July 17th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $138.71.
In related news, SVP James Holmes sold 851 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $126.99, for a total value of $108,068.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David F. Kozel sold 8,867 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $125.19, for a total value of $1,110,059.73. The disclosure for this sale can be found here. Insiders sold 39,307 shares of company stock worth $4,980,787 over the last 90 days. Company insiders own 1.30% 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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