PVH Corp. (PVH) Shares Bought by Robecosam AG

Robecosam AG boosted its stake in shares of PVH Corp. (NYSE:PVH) by 12.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,100 shares of the textile maker’s stock after buying an additional 350 shares during the period. Robecosam AG’s holdings in PVH Corp. were worth $321,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of PVH Corp. during the fourth quarter valued at $78,638,000. AQR Capital Management LLC increased its stake in shares of PVH Corp. by 58.2% in the fourth quarter. AQR Capital Management LLC now owns 1,685,903 shares of the textile maker’s stock valued at $152,136,000 after buying an additional 620,220 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its stake in shares of PVH Corp. by 304.2% in the third quarter. Adage Capital Partners GP L.L.C. now owns 766,012 shares of the textile maker’s stock valued at $84,644,000 after buying an additional 576,478 shares during the last quarter. Janus Capital Management LLC increased its stake in shares of PVH Corp. by 981.4% in the fourth quarter. Janus Capital Management LLC now owns 519,093 shares of the textile maker’s stock valued at $46,843,000 after buying an additional 471,093 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of PVH Corp. by 17.1% in the first quarter. Ameriprise Financial Inc. now owns 2,692,857 shares of the textile maker’s stock valued at $278,637,000 after buying an additional 393,500 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for PVH Corp. (NYSE:PVH)

Shares of PVH Corp. (PVH) traded down 0.50% on Friday, hitting $105.13. 980,834 shares of the stock traded hands. The stock has a 50-day moving average price of $103.02 and a 200 day moving average price of $97.38. PVH Corp. has a 12-month low of $83.80 and a 12-month high of $115.40. The stock has a market cap of $8.18 billion, a price-to-earnings ratio of 21.73 and a beta of 0.47.

PVH Corp. (NYSE:PVH) last issued its quarterly earnings data on Wednesday, May 24th. The textile maker reported $1.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.05. PVH Corp. had a net margin of 4.69% and a return on equity of 11.57%. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the firm posted $1.50 EPS. PVH Corp.’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts anticipate that PVH Corp. will post $7.50 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Thursday, May 18th will be given a dividend of $0.038 per share. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date is Tuesday, May 16th. PVH Corp.’s payout ratio is currently 3.11%.

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A number of analysts recently commented on PVH shares. Wunderlich reissued a “buy” rating and set a $125.00 price objective on shares of PVH Corp. in a report on Saturday, March 25th. Wells Fargo & Company reissued an “outperform” rating and set a $126.00 price objective on shares of PVH Corp. in a report on Thursday, March 23rd. Credit Suisse Group cut their target price on shares of PVH Corp. to $114.00 in a research report on Thursday, March 23rd. Cowen and Company lifted their target price on shares of PVH Corp. from $108.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, March 23rd. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $112.00 target price on shares of PVH Corp. in a research report on Thursday, March 23rd. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $121.44.

In other PVH Corp. news, CEO Daniel Grieder sold 18,701 shares of the firm’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $103.43, for a total transaction of $1,934,244.43. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mark D. Fischer sold 1,000 shares of the firm’s stock in a transaction on Friday, March 24th. The stock was sold at an average price of $101.72, for a total transaction of $101,720.00. The disclosure for this sale can be found here. Insiders have sold a total of 30,034 shares of company stock worth $3,125,205 over the last three months. 1.30% of the stock is currently owned by insiders.

About PVH Corp.

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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