CrestPoint Capital Management LLC Reduces Position in PVH Corp (PVH)
CrestPoint Capital Management LLC decreased its stake in shares of PVH Corp (NYSE:PVH) by 77.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,500 shares of the textile maker’s stock after selling 5,100 shares during the quarter. CrestPoint Capital Management LLC’s holdings in PVH were worth $206,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. YorkBridge Wealth Partners LLC bought a new position in shares of PVH during the third quarter worth $108,000. Advisor Partners LLC bought a new position in shares of PVH during the third quarter worth $206,000. Raymond James Trust N.A. bought a new position in shares of PVH during the third quarter worth $224,000. Smithfield Trust Co. boosted its position in shares of PVH by 576.8% during the third quarter. Smithfield Trust Co. now owns 1,841 shares of the textile maker’s stock worth $232,000 after acquiring an additional 1,569 shares during the last quarter. Finally, Courier Capital LLC bought a new position in shares of PVH during the third quarter worth $235,000. Hedge funds and other institutional investors own 93.82% of the company’s stock.
In other news, CEO Emanuel Chirico sold 370,327 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $132.56, for a total value of $49,090,547.12. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Melanie Steiner sold 320 shares of the stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $136.99, for a total transaction of $43,836.80. The disclosure for this sale can be found here. In the last three months, insiders sold 388,299 shares of company stock worth $51,554,859. Insiders own 1.50% of the company’s stock.
Shares of PVH Corp (NYSE PVH) opened at $142.49 on Thursday. The stock has a market cap of $10,960.00, a price-to-earnings ratio of 21.20, a P/E/G ratio of 1.41 and a beta of 0.61. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 1.82. PVH Corp has a 12 month low of $84.53 and a 12 month high of $144.83.
PVH (NYSE:PVH) last released its quarterly earnings results on Wednesday, November 29th. The textile maker reported $3.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.91 by $0.11. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. PVH had a net margin of 6.22% and a return on equity of 11.95%. PVH’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.60 earnings per share. equities analysts forecast that PVH Corp will post 7.81 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 22nd were paid a $0.038 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. The ex-dividend date was Tuesday, November 21st. PVH’s dividend payout ratio is currently 2.23%.
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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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