Intrust Bank NA raised its position in PVH Corp (NYSE:PVH) by 31.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,125 shares of the textile maker’s stock after purchasing an additional 1,236 shares during the quarter. Intrust Bank NA’s holdings in PVH were worth $703,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PVH. YorkBridge Wealth Partners LLC bought a new position in shares of PVH in the 3rd quarter valued at about $108,000. Cerebellum GP LLC bought a new position in shares of PVH in the 4th quarter valued at about $131,000. Advisor Partners LLC bought a new position in shares of PVH in the 3rd quarter valued at about $206,000. Conning Inc. bought a new position in shares of PVH in the 4th quarter valued at about $220,000. Finally, Raymond James Trust N.A. bought a new position in shares of PVH in the 3rd quarter valued at about $224,000. 93.70% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Steven B. Shiffman sold 3,100 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $143.76, for a total transaction of $445,656.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark D. Fischer sold 891 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $147.34, for a total value of $131,279.94. The disclosure for this sale can be found here. Insiders have sold 392,290 shares of company stock valued at $52,131,795 in the last quarter. 1.30% of the stock is currently owned by corporate insiders.
PVH Corp (NYSE PVH) opened at $150.66 on Thursday. PVH Corp has a 1-year low of $88.06 and a 1-year high of $157.96. The company has a current ratio of 1.82, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $11,307.07, a PE ratio of 22.42, a P/E/G ratio of 1.28 and a beta of 0.67.
PVH (NYSE:PVH) last posted its quarterly earnings results on Wednesday, November 29th. The textile maker reported $3.02 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.11. PVH had a return on equity of 11.95% and a net margin of 6.22%. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the company posted $2.60 earnings per share. PVH’s quarterly revenue was up 5.0% on a year-over-year basis. analysts forecast that PVH Corp will post 7.82 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, February 28th will be issued a dividend of $0.038 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date of this dividend is Tuesday, February 27th. PVH’s payout ratio is currently 2.23%.
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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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