PVH Corp. (PVH) Shares Sold by GAM Holding AG
GAM Holding AG reduced its position in PVH Corp. (NYSE:PVH) by 42.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,268 shares of the company’s stock after selling 48,319 shares during the period. GAM Holding AG owned approximately 0.08% of PVH Corp. worth $7,323,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of PVH Corp. by 2.3% in the second quarter. Vanguard Group Inc. now owns 7,549,368 shares of the company’s stock worth $711,375,000 after buying an additional 172,427 shares during the period. FMR LLC increased its stake in shares of PVH Corp. by 3.2% in the second quarter. FMR LLC now owns 4,119,158 shares of the company’s stock valued at $388,148,000 after buying an additional 127,944 shares during the period. JPMorgan Chase & Co. increased its stake in shares of PVH Corp. by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 3,043,342 shares of the company’s stock valued at $336,288,000 after buying an additional 325,019 shares during the period. Bank of New York Mellon Corp increased its stake in shares of PVH Corp. by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 2,309,282 shares of the company’s stock valued at $217,603,000 after buying an additional 23,847 shares during the period. Finally, Causeway Capital Management LLC increased its stake in shares of PVH Corp. by 2.8% in the second quarter. Causeway Capital Management LLC now owns 1,706,519 shares of the company’s stock valued at $183,966,000 after buying an additional 47,044 shares during the period. Hedge funds and other institutional investors own 94.59% of the company’s stock.
PVH Corp. (NYSE:PVH) traded down 1.81% during midday trading on Tuesday, hitting $106.11. 655,176 shares of the stock traded hands. The stock’s 50-day moving average price is $108.49 and its 200 day moving average price is $102.59. The company has a market capitalization of $8.51 billion, a price-to-earnings ratio of 12.85 and a beta of 0.77. PVH Corp. has a 52 week low of $64.16 and a 52 week high of $115.40.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Investors 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 dividend yield of 0.14%. The ex-dividend date of this dividend is Monday, November 21st. PVH Corp.’s dividend payout ratio (DPR) is 1.82%.
Several equities analysts have commented on the stock. Zacks Investment Research raised shares of 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 shares of PVH Corp. and gave the stock a “buy” rating in a research report on Thursday, September 29th. Citigroup Inc. lowered their target price on shares of PVH Corp. from $110.00 to $96.00 and set a “neutral” rating on the stock in a research report on Friday, August 26th. Brean Capital reissued a “buy” rating on shares of PVH Corp. in a research report on Thursday, September 22nd. Finally, Telsey Advisory Group increased their target price on shares of PVH Corp. from $113.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. 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 company. PVH Corp. has a consensus rating of “Buy” and a consensus target price of $112.83.
In other PVH Corp. news, EVP Mark D. Fischer sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $115.00, for a total value of $115,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David F. Kozel sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 12th. The shares were 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. Corporate insiders own 1.30% of the company’s stock.
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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