CAPROCK Group Inc. Invests $267,000 in PVH Corp (PVH) Stock
CAPROCK Group Inc. bought a new position in shares of PVH Corp (NYSE:PVH) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,862 shares of the textile maker’s stock, valued at approximately $267,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC acquired a new position in shares of PVH during the third quarter valued at about $108,000. Advisor Partners LLC acquired a new position in shares of PVH during the third quarter valued at about $206,000. Raymond James Trust N.A. acquired a new position in shares of PVH during the third quarter valued at about $224,000. Smithfield Trust Co. raised 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 valued at $232,000 after buying an additional 1,569 shares during the last quarter. Finally, Courier Capital LLC acquired a new position in shares of PVH during the third quarter valued at about $235,000. 93.82% of the stock is owned by institutional investors and hedge funds.
In other PVH news, CEO Emanuel Chirico sold 370,327 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $132.56, for a total transaction of $49,090,547.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Melanie Steiner sold 320 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was 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. Insiders have sold 391,399 shares of company stock worth $52,000,515 over the last ninety days. Insiders own 1.30% of the company’s stock.
PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, November 29th. The textile maker reported $3.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.91 by $0.11. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. PVH had a net margin of 6.22% and a return on equity of 11.95%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.60 earnings per share. sell-side analysts predict that PVH Corp will post 7.81 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 22nd were paid a dividend of $0.038 per share. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.15 annualized dividend and a yield of 0.11%. PVH’s dividend payout ratio is 2.23%.
A number of research analysts have recently commented on PVH shares. Piper Jaffray Companies reaffirmed a “buy” rating and set a $148.00 price objective on shares of PVH in a research report on Sunday, October 1st. Deutsche Bank assumed coverage on shares of PVH in a research note on Monday, October 23rd. They issued a “hold” rating and a $131.00 target price on the stock. Cowen set a $145.00 target price on shares of PVH and gave the company a “buy” rating in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of PVH from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, B. Riley reissued a “buy” rating on shares of PVH in a research note on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $147.71.
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PVH 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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