Canada Pension Plan Investment Board reduced its holdings in PVH Corp. (NYSE:PVH) by 63.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,600 shares of the textile maker’s stock after selling 78,800 shares during the period. Canada Pension Plan Investment Board owned about 0.06% of PVH Corp. worth $5,622,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. YorkBridge Wealth Partners LLC acquired a new stake in PVH Corp. in the third quarter valued at approximately $108,000. Advisors Asset Management Inc. grew its holdings in PVH Corp. by 28.2% in the second quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock valued at $106,000 after purchasing an additional 204 shares during the period. Fiduciary Trust Co. acquired a new stake in PVH Corp. in the second quarter valued at approximately $138,000. Rational Advisors LLC acquired a new stake in PVH Corp. in the second quarter valued at approximately $183,000. Finally, Penserra Capital Management LLC grew its holdings in PVH Corp. by 24.7% in the second quarter. Penserra Capital Management LLC now owns 1,664 shares of the textile maker’s stock valued at $190,000 after purchasing an additional 330 shares during the period. 96.45% of the stock is currently owned by institutional investors.
In related news, SVP James Holmes sold 851 shares of the business’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $126.99, for a total value of $108,068.49. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mark D. Fischer sold 5,589 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $128.47, for a total value of $718,018.83. The disclosure for this sale can be found here. Insiders sold 39,307 shares of company stock worth $4,980,787 in the last 90 days. Company insiders own 1.50% of the company’s stock.
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A number of analysts have recently issued reports on PVH shares. Credit Suisse Group set a $149.00 price target on PVH Corp. and gave the stock a “buy” rating in a research note on Thursday, August 24th. Bank of America Corporation started coverage on PVH Corp. in a research note on Thursday, August 3rd. They issued a “buy” rating and a $146.00 price target on the stock. Wells Fargo & Company lifted their price target on PVH Corp. from $126.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, August 24th. Zacks Investment Research lowered PVH Corp. from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $148.00 price target on shares of PVH Corp. in a research note on Wednesday, November 1st. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. PVH Corp. currently has a consensus rating of “Buy” and a consensus price target of $138.71.
Shares of PVH Corp. (NYSE:PVH) opened at $127.47 on Tuesday. PVH Corp. has a 1 year low of $84.53 and a 1 year high of $133.24. The company has a quick ratio of 0.88, a current ratio of 1.80 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $9,869.29, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 1.26 and a beta of 0.59.
PVH Corp. (NYSE:PVH) last posted its earnings results on Wednesday, August 23rd. The textile maker reported $1.69 EPS for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.04. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the business earned $1.47 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. equities research analysts expect that PVH Corp. will post 7.72 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 22nd will be given a $0.038 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. PVH Corp.’s dividend payout ratio is currently 2.87%.
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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