Laurion Capital Management LP raised its position in PVH Corp. (NYSE:PVH) by 331.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 16,400 shares of the textile maker’s stock after buying an additional 12,600 shares during the period. Laurion Capital Management LP’s holdings in PVH Corp. were worth $1,878,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its position in PVH Corp. by 28.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock valued at $106,000 after buying an additional 204 shares during the last quarter. FNY Partners Fund LP boosted its position in PVH Corp. by 53.3% in the 1st quarter. FNY Partners Fund LP now owns 1,150 shares of the textile maker’s stock valued at $118,000 after buying an additional 400 shares during the last quarter. Fiduciary Trust Co. bought a new position in PVH Corp. in the 2nd quarter valued at $138,000. NINE MASTS CAPITAL Ltd bought a new position in PVH Corp. in the 1st quarter valued at $155,000. Finally, Rational Advisors LLC bought a new position in PVH Corp. in the 2nd quarter valued at $183,000. Hedge funds and other institutional investors own 95.32% of the company’s stock.
In other PVH Corp. news, SVP Dana Perlman sold 769 shares of the company’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $114.77, for a total transaction of $88,258.13. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Mark D. Fischer sold 5,589 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $128.47, for a total transaction of $718,018.83. The disclosure for this sale can be found here. Insiders have sold 86,250 shares of company stock worth $10,203,596 in the last ninety days. Insiders own 1.30% of the company’s stock.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.04. PVH Corp. had a net margin of 4.96% and a return on equity of 11.67%. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the previous year, the firm posted $1.47 earnings per share. PVH Corp.’s revenue for the quarter was up 7.1% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 24th will be given a dividend of $0.038 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. PVH Corp.’s dividend payout ratio (DPR) is currently 2.87%.
A number of research analysts have commented on the company. Zacks Investment Research upgraded PVH Corp. from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research report on Thursday, June 22nd. Barclays PLC assumed coverage on PVH Corp. in a research report on Tuesday. They issued an “overweight” rating and a $147.00 price objective on the stock. BidaskClub upgraded PVH Corp. from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Buckingham Research reiterated a “buy” rating and issued a $127.00 price objective on shares of PVH Corp. in a research report on Monday, July 17th. Finally, UBS AG reiterated a “buy” rating and issued a $140.00 price objective (up from $128.00) on shares of PVH Corp. in a research report on Thursday, August 24th. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $138.35.
PVH Corp. 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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