Intrust Bank NA Invests $490,000 in PVH Corp. (PVH)
Intrust Bank NA bought a new stake in PVH Corp. (NYSE:PVH) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,889 shares of the textile maker’s stock, valued at approximately $490,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. LS Investment Advisors LLC raised its stake in PVH Corp. by 1.3% during the second quarter. LS Investment Advisors LLC now owns 3,904 shares of the textile maker’s stock worth $447,000 after acquiring an additional 52 shares in the last quarter. First Allied Advisory Services Inc. raised its stake in PVH Corp. by 2.7% during the second quarter. First Allied Advisory Services Inc. now owns 2,202 shares of the textile maker’s stock worth $249,000 after acquiring an additional 57 shares in the last quarter. Capstone Asset Management Co. raised its stake in PVH Corp. by 0.7% during the second quarter. Capstone Asset Management Co. now owns 8,949 shares of the textile maker’s stock worth $1,025,000 after acquiring an additional 64 shares in the last quarter. Sentry Investment Management LLC raised its stake in PVH Corp. by 1.0% during the second quarter. Sentry Investment Management LLC now owns 6,309 shares of the textile maker’s stock worth $722,000 after acquiring an additional 65 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its stake in PVH Corp. by 4.0% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,677 shares of the textile maker’s stock worth $307,000 after acquiring an additional 104 shares in the last quarter. Institutional investors and hedge funds own 96.45% of the company’s stock.
In other news, SVP James Holmes sold 851 shares of the business’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $126.99, for a total transaction of $108,068.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Francis K. Duane sold 24,000 shares of the business’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $126.86, for a total value of $3,044,640.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,307 shares of company stock valued at $4,980,787. Corporate insiders own 1.50% of the company’s stock.
A number of analysts have recently weighed in on the company. Credit Suisse Group set a $149.00 target price on PVH Corp. and gave the company a “buy” rating in a research note on Thursday, August 24th. Bank of America Corporation assumed coverage on PVH Corp. in a research note on Thursday, August 3rd. They issued a “buy” rating and a $146.00 target price for the company. Wells Fargo & Company raised their target price on PVH Corp. from $126.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, August 24th. Zacks Investment Research cut PVH Corp. from a “buy” rating to a “hold” rating in a report on Monday, September 4th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $148.00 target price on shares of PVH Corp. in a report on Wednesday, November 1st. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. PVH Corp. currently has a consensus rating of “Buy” and an average target price of $138.71.
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Shares of PVH Corp. (PVH) opened at $126.93 on Tuesday. The stock has a market capitalization of $9,869.29, a price-to-earnings ratio of 17.78, a P/E/G ratio of 1.26 and a beta of 0.59. PVH Corp. has a one year low of $84.53 and a one year high of $133.24. The company has a quick ratio of 0.88, a current ratio of 1.80 and a debt-to-equity ratio of 0.63.
PVH Corp. (NYSE:PVH) last released its quarterly earnings results on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.04. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.02 billion. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.47 EPS. equities analysts predict that PVH Corp. will post 7.72 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 22nd will be given a dividend of $0.038 per share. The ex-dividend date is Tuesday, November 21st. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. PVH Corp.’s payout ratio is 2.87%.
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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