PVH Corp. (PVH) Shares Bought by Advisor Group Inc.
Advisor Group Inc. increased its stake in shares of PVH Corp. (NYSE:PVH) by 8.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,447 shares of the textile maker’s stock after buying an additional 752 shares during the period. Advisor Group Inc.’s holdings in PVH Corp. were worth $1,078,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of PVH Corp. by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 7,942,535 shares of the textile maker’s stock worth $821,815,000 after buying an additional 112,758 shares during the period. BlackRock Inc. boosted its holdings in shares of PVH Corp. by 3,001.8% during the 1st 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 period. State Street Corp boosted its holdings in shares of PVH Corp. by 1.7% during the 1st quarter. State Street Corp now owns 3,672,807 shares of the textile maker’s stock worth $380,025,000 after buying an additional 61,303 shares during the period. FMR LLC boosted its holdings in shares of PVH Corp. by 5.5% during the 2nd quarter. FMR LLC now owns 3,587,739 shares of the textile maker’s stock worth $410,796,000 after buying an additional 187,588 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of PVH Corp. by 0.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,219,010 shares of the textile maker’s stock worth $368,576,000 after buying an additional 13,101 shares during the period. 95.32% of the stock is owned by institutional investors and hedge funds.
PVH Corp. (NYSE PVH) opened at 126.06 on Friday. The firm has a market capitalization of $9.76 billion, a PE ratio of 24.04 and a beta of 0.46. The stock has a 50 day moving average of $124.86 and a 200 day moving average of $109.49. PVH Corp. has a 12 month low of $84.53 and a 12 month high of $130.75.
PVH Corp. (NYSE:PVH) last released its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. PVH Corp. had a net margin of 4.96% and a return on equity of 11.67%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the business earned $1.47 earnings per share. PVH Corp.’s revenue was up 7.1% compared to the same quarter last year. On average, equities analysts predict that PVH Corp. will post $7.71 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th were given a $0.038 dividend. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. PVH Corp.’s dividend payout ratio (DPR) is currently 2.87%.
In other news, EVP Mark D. Fischer sold 5,589 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $128.47, for a total value of $718,018.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James Holmes sold 851 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $126.99, for a total transaction of $108,068.49. The disclosure for this sale can be found here. Insiders sold 84,832 shares of company stock valued at $10,050,906 over the last 90 days. 1.30% of the stock is owned by company insiders.
PVH has been the subject of several research analyst reports. Credit Suisse Group set a $136.00 target price on shares of PVH Corp. and gave the stock a “buy” rating in a report on Friday, August 18th. Zacks Investment Research raised shares of PVH Corp. from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a report on Thursday, August 24th. ValuEngine downgraded shares of PVH Corp. from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Buckingham Research boosted their price objective on shares of PVH Corp. from $142.00 to $143.00 and gave the company a “buy” rating in a report on Friday, August 25th. Finally, B. Riley reissued a “buy” rating and issued a $128.00 price objective on shares of PVH Corp. in a report on Sunday, June 4th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $138.35.
PVH Corp. Company Profile
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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