PVH Corp (PVH) Shares Bought by SG Americas Securities LLC
SG Americas Securities LLC grew its stake in PVH Corp (NYSE:PVH) by 23.2% during the second quarter, HoldingsChannel reports. The firm owned 10,982 shares of the textile maker’s stock after buying an additional 2,065 shares during the quarter. SG Americas Securities LLC’s holdings in PVH were worth $1,644,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Amalgamated Bank boosted its stake in shares of PVH by 3.5% in the 2nd quarter. Amalgamated Bank now owns 9,862 shares of the textile maker’s stock valued at $1,477,000 after purchasing an additional 333 shares in the last quarter. Intrust Bank NA boosted its stake in shares of PVH by 6.9% in the 1st quarter. Intrust Bank NA now owns 5,480 shares of the textile maker’s stock valued at $830,000 after purchasing an additional 355 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of PVH by 22.9% in the 2nd quarter. Raymond James Trust N.A. now owns 2,005 shares of the textile maker’s stock valued at $300,000 after purchasing an additional 373 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of PVH by 3.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,242 shares of the textile maker’s stock valued at $2,005,000 after purchasing an additional 394 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of PVH by 9.0% in the 2nd quarter. IFP Advisors Inc now owns 4,760 shares of the textile maker’s stock valued at $713,000 after purchasing an additional 395 shares in the last quarter. Institutional investors own 96.81% of the company’s stock.
Shares of NYSE PVH opened at $141.67 on Friday. The company has a market capitalization of $12.02 billion, a P/E ratio of 18.03, a price-to-earnings-growth ratio of 1.33 and a beta of 0.76. PVH Corp has a 1 year low of $120.91 and a 1 year high of $169.22. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.76 and a quick ratio of 0.88.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 25th. Shareholders of record on Wednesday, August 29th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, August 28th. This represents a $0.15 annualized dividend and a yield of 0.11%. PVH’s payout ratio is 1.89%.
In other PVH news, CEO Francis K. Duane sold 16,475 shares of the firm’s stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $160.00, for a total transaction of $2,636,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Fischer sold 3,300 shares of the firm’s stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $166.08, for a total transaction of $548,064.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,875 shares of company stock valued at $3,364,739. Company insiders own 1.00% of the company’s stock.
PVH has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of PVH from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. Deutsche Bank set a $176.00 price target on shares of PVH and gave the company a “buy” rating in a research note on Friday, May 25th. Deutsche Bank dropped their price objective on shares of PVH from $179.00 to $176.00 and set a “buy” rating for the company in a report on Friday, May 25th. JPMorgan Chase & Co. raised their price objective on shares of PVH from $175.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, May 31st. Finally, Citigroup raised their price objective on shares of PVH from $174.00 to $179.00 and gave the company a “buy” rating in a report on Thursday, May 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. PVH has an average rating of “Buy” and an average price target of $171.60.
PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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