Exxonmobil Investment Management Inc. TX cut its position in PVH Corp. (NYSE:PVH) by 14.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,977 shares of the textile maker’s stock after selling 2,625 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in PVH Corp. were worth $1,715,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. FNY Partners Fund LP increased its position in PVH Corp. by 53.3% in the first quarter. FNY Partners Fund LP now owns 1,150 shares of the textile maker’s stock worth $118,000 after buying an additional 400 shares during the period. Penserra Capital Management LLC increased its position in PVH Corp. by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,334 shares of the textile maker’s stock worth $138,000 after buying an additional 116 shares during the period. NINE MASTS CAPITAL Ltd bought a new position in PVH Corp. during the first quarter worth $155,000. Financial Architects Inc increased its position in PVH Corp. by 261.6% in the first quarter. Financial Architects Inc now owns 1,602 shares of the textile maker’s stock worth $166,000 after buying an additional 1,159 shares during the period. Finally, Ameritas Investment Partners Inc. bought a new position in PVH Corp. during the first quarter worth $198,000. 96.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of PVH Corp. (PVH) opened at 115.75 on Friday. The firm’s 50-day moving average is $109.51 and its 200-day moving average is $99.55. PVH Corp. has a 12-month low of $84.53 and a 12-month high of $116.19. The company has a market capitalization of $9.01 billion, a PE ratio of 23.93 and a beta of 0.51.
PVH Corp. (NYSE:PVH) last released its quarterly earnings data on Wednesday, May 24th. The textile maker reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.05. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. PVH Corp. had a net margin of 4.69% and a return on equity of 11.57%. PVH Corp.’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.50 EPS. On average, equities research analysts anticipate that PVH Corp. will post $7.51 EPS for the current fiscal year.
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A number of research firms have recently weighed in on PVH. UBS AG upped their price target on shares of PVH Corp. from $112.00 to $116.00 and gave the stock a “buy” rating in a research note on Thursday, March 23rd. FBR & Co began coverage on shares of PVH Corp. in a research report on Tuesday, July 11th. They set an “outperform” rating and a $135.00 target price on the stock. BidaskClub downgraded shares of PVH Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. B. Riley reissued a “buy” rating and set a $125.00 target price on shares of PVH Corp. in a research report on Sunday, April 9th. Finally, Buckingham Research reissued a “buy” rating and set a $127.00 target price on shares of PVH Corp. in a research report on Monday. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $123.06.
In other news, SVP Dana Perlman sold 769 shares of the business’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $114.77, for a total transaction of $88,258.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Mark D. Fischer sold 1,500 shares of the business’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $109.75, for a total transaction of $164,625.00. The disclosure for this sale can be found here. Insiders have sold a total of 59,627 shares of company stock worth $6,584,743 over the last 90 days. 1.30% of the stock is owned by company insiders.
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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