PVH Corp. (PVH) Shares Sold by Andra AP fonden
Andra AP fonden cut its position in PVH Corp. (NYSE:PVH) by 16.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,700 shares of the textile maker’s stock after selling 8,200 shares during the period. Andra AP fonden owned about 0.05% of PVH Corp. worth $4,889,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in PVH. BlackRock Inc. increased its stake in PVH Corp. by 3,001.8% in the first quarter. BlackRock Inc. now owns 5,090,455 shares of the textile maker’s stock worth $526,711,000 after buying an additional 4,926,341 shares during the last quarter. Prudential Financial Inc. increased its stake in PVH Corp. by 154.7% in the second quarter. Prudential Financial Inc. now owns 1,118,095 shares of the textile maker’s stock worth $128,022,000 after buying an additional 679,144 shares during the last quarter. Congress Asset Management Co. MA purchased a new stake in PVH Corp. during the second quarter worth about $47,698,000. Ameriprise Financial Inc. increased its stake in PVH Corp. by 17.1% in the first quarter. Ameriprise Financial Inc. now owns 2,692,857 shares of the textile maker’s stock worth $278,637,000 after buying an additional 393,500 shares during the last quarter. Finally, Credit Agricole S A increased its stake in PVH Corp. by 104.7% in the first quarter. Credit Agricole S A now owns 763,289 shares of the textile maker’s stock worth $78,977,000 after buying an additional 390,419 shares during the last quarter. 94.71% of the stock is currently owned by institutional investors and hedge funds.
PVH Corp. (PVH) opened at 126.23 on Tuesday. PVH Corp. has a 12 month low of $84.53 and a 12 month high of $130.25. The firm has a 50-day moving average price of $119.13 and a 200 day moving average price of $104.92. The company has a market cap of $9.82 billion, a P/E ratio of 24.07 and a beta of 0.51.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings results on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the company posted $1.47 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities research analysts predict that PVH Corp. will post $7.70 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 24th will be paid a dividend of $0.038 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date is Tuesday, August 22nd. PVH Corp.’s dividend payout ratio is presently 2.87%.
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PVH has been the topic of a number of research reports. J P Morgan Chase & Co raised PVH Corp. from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $116.00 to $125.00 in a research note on Thursday, May 25th. Credit Suisse Group raised PVH Corp. from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $114.00 to $136.00 in a research note on Tuesday, May 30th. Zacks Investment Research downgraded PVH Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. BidaskClub raised PVH Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Piper Jaffray Companies set a $120.00 price objective on PVH Corp. and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $137.00.
In other PVH Corp. news, EVP David F. Kozel sold 5,636 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $105.00, for a total transaction of $591,780.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Michael A. Shaffer sold 45,525 shares of the stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $111.37, for a total value of $5,070,119.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,997 shares of company stock worth $7,430,146. Corporate insiders own 1.50% 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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