PVH Corp. (PVH) Shares Bought by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC boosted its position in shares of PVH Corp. (NYSE:PVH) by 47.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,092 shares of the company’s stock after buying an additional 6,779 shares during the period. Mutual of America Capital Management LLC’s holdings in PVH Corp. were worth $2,331,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of PVH. Envestnet Asset Management Inc. boosted its position in shares of PVH Corp. by 16.1% in the first quarter. Envestnet Asset Management Inc. now owns 12,710 shares of the company’s stock worth $1,259,000 after buying an additional 1,761 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of PVH Corp. during the first quarter worth approximately $930,000. Squarepoint Ops LLC boosted its position in shares of PVH Corp. by 18.4% in the first quarter. Squarepoint Ops LLC now owns 12,935 shares of the company’s stock worth $1,281,000 after buying an additional 2,008 shares in the last quarter. Exxonmobil Investment Management Inc. TX boosted its position in shares of PVH Corp. by 5.1% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 20,977 shares of the company’s stock worth $1,977,000 after buying an additional 1,025 shares in the last quarter. Finally, FirstMerit Bank N A Trustee boosted its position in shares of PVH Corp. by 53.6% in the second quarter. FirstMerit Bank N A Trustee now owns 4,679 shares of the company’s stock worth $441,000 after buying an additional 1,633 shares in the last quarter. Hedge funds and other institutional investors own 94.59% of the company’s stock.
Shares of PVH Corp. (NYSE:PVH) traded down 0.57% during trading on Monday, hitting $108.07. The stock had a trading volume of 582,608 shares. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of 13.09 and a beta of 0.77. PVH Corp. has a one year low of $64.16 and a one year high of $115.40. The stock’s 50-day moving average price is $108.49 and its 200 day moving average price is $102.59.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Wednesday, November 23rd will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date is Monday, November 21st. PVH Corp.’s dividend payout ratio (DPR) is 1.82%.
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PVH has been the topic of a number of recent research reports. Telsey Advisory Group boosted their price objective on PVH Corp. from $113.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, August 26th. Brean Capital boosted their price objective on PVH Corp. from $115.00 to $122.00 and gave the stock a “buy” rating in a research note on Tuesday, August 23rd. Zacks Investment Research cut PVH Corp. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 2nd. Piper Jaffray Cos. set a $124.00 target price on PVH Corp. and gave the stock a “buy” rating in a research report on Friday, October 7th. Finally, Morgan Stanley reaffirmed a “hold” rating and set a $100.00 target price on shares of PVH Corp. in a research report on Thursday, August 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $112.83.
In related news, Director Mary Baglivo sold 2,280 shares of the stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $110.26, for a total value of $251,392.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David F. Kozel sold 3,000 shares of the stock in a transaction dated Wednesday, October 12th. The shares were sold at an average price of $111.96, for a total transaction of $335,880.00. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
About PVH Corp.
PVH Corp. is an apparel company. The Company’s segments include Calvin Klein North America; Calvin Klein International; Tommy Hilfiger North America; Tommy Hilfiger International; Heritage Brands Wholesale, and Heritage Brands Retail. The Company’s brand portfolio consists of various brand names, including Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner’s, Olga and Eagle, which are owned, and Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, MICHAEL Michael Kors, Michael Kors Collection and Chaps, which are licensed, as well as various other licensed and private label brands.
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