JPMorgan Chase & Co. Buys 325,019 Shares of PVH Corp. (PVH)
JPMorgan Chase & Co. increased its stake in shares of PVH Corp. (NYSE:PVH) by 12.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,043,342 shares of the company’s stock after buying an additional 325,019 shares during the period. JPMorgan Chase & Co. owned about 3.79% of PVH Corp. worth $336,288,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Sei Investments Co. boosted its position in shares of PVH Corp. by 520.6% in the third quarter. Sei Investments Co. now owns 7,255 shares of the company’s stock valued at $802,000 after buying an additional 6,086 shares during the period. US Bancorp DE boosted its position in PVH Corp. by 1.3% in the third quarter. US Bancorp DE now owns 6,563 shares of the company’s stock valued at $724,000 after buying an additional 84 shares during the last quarter. Teacher Retirement System of Texas boosted its position in PVH Corp. by 14.5% in the third quarter. Teacher Retirement System of Texas now owns 6,749 shares of the company’s stock valued at $746,000 after buying an additional 856 shares during the last quarter. Delta Lloyd NV boosted its position in PVH Corp. by 49.7% in the third quarter. Delta Lloyd NV now owns 5,194 shares of the company’s stock valued at $574,000 after buying an additional 1,725 shares during the last quarter. Finally, Toronto Dominion Bank boosted its position in PVH Corp. by 422.4% in the third quarter. Toronto Dominion Bank now owns 2,351 shares of the company’s stock valued at $259,000 after buying an additional 1,901 shares during the last quarter. Institutional investors own 94.59% of the company’s stock.
PVH Corp. (NYSE:PVH) opened at 108.07 on Tuesday. The firm’s 50 day moving average price is $108.49 and its 200-day moving average price is $102.59. PVH Corp. has a 12-month low of $64.16 and a 12-month high of $115.40. The stock has a market cap of $8.67 billion, a P/E ratio of 13.09 and a beta of 0.77.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Wednesday, November 23rd will be given a $0.0375 dividend. The ex-dividend date of this dividend is Monday, November 21st. This represents a $0.15 annualized dividend and a yield of 0.14%. PVH Corp.’s dividend payout ratio is currently 1.82%.
Several equities analysts recently commented on the company. Zacks Investment Research upgraded PVH Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 8th. Piper Jaffray Cos. set a $124.00 target price on PVH Corp. and gave the stock a “buy” rating in a research report on Thursday, September 29th. Citigroup Inc. reduced their target price on PVH Corp. from $110.00 to $96.00 and set a “neutral” rating for the company in a research report on Friday, August 26th. Brean Capital restated a “buy” rating on shares of PVH Corp. in a research report on Thursday, September 22nd. Finally, Telsey Advisory Group boosted their target price on PVH Corp. from $113.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $112.83.
In related news, Director Mary Baglivo sold 2,280 shares of PVH Corp. stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $110.26, for a total value of $251,392.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David F. Kozel sold 3,000 shares of PVH Corp. stock in a transaction dated Wednesday, October 12th. The stock was sold at an average price of $111.96, for a total value of $335,880.00. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
PVH Corp. Company Profile
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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