Seven Eight Capital LP Acquires New Position in PVH (PVH)

Seven Eight Capital LP acquired a new position in PVH (NYSE:PVH) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 51,018 shares of the textile maker’s stock, valued at approximately $7,726,000. Seven Eight Capital LP owned approximately 0.07% of PVH as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of PVH. Lombard Odier Asset Management Switzerland SA raised its position in shares of PVH by 3.2% during the fourth quarter. Lombard Odier Asset Management Switzerland SA now owns 13,820 shares of the textile maker’s stock worth $1,896,000 after acquiring an additional 431 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of PVH by 55.5% during the fourth quarter. Allianz Asset Management GmbH now owns 155,681 shares of the textile maker’s stock worth $21,361,000 after acquiring an additional 55,576 shares during the last quarter. Calamos Advisors LLC raised its position in shares of PVH by 109.5% during the fourth quarter. Calamos Advisors LLC now owns 60,352 shares of the textile maker’s stock worth $8,281,000 after acquiring an additional 31,551 shares during the last quarter. Capital Growth Management LP bought a new stake in shares of PVH during the fourth quarter worth $21,268,000. Finally, Lazard Asset Management LLC bought a new stake in shares of PVH during the fourth quarter worth $337,000. 93.87% of the stock is currently owned by institutional investors.

Shares of PVH opened at $164.40 on Thursday, MarketBeat Ratings reports. PVH has a 1 year low of $102.05 and a 1 year high of $164.50. The stock has a market capitalization of $12.40 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 1.37 and a beta of 0.72. The company has a quick ratio of 0.88, a current ratio of 1.76 and a debt-to-equity ratio of 0.54.

PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, May 30th. The textile maker reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.11. PVH had a return on equity of 12.66% and a net margin of 7.00%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the company earned $1.65 earnings per share. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. research analysts predict that PVH will post 9.19 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 21st. Shareholders of record on Thursday, May 17th will be issued a $0.0375 dividend. The ex-dividend date is Wednesday, May 16th. This represents a $0.15 annualized dividend and a dividend yield of 0.09%. PVH’s dividend payout ratio (DPR) is currently 1.89%.

A number of equities research analysts recently commented on the company. Instinet assumed coverage on PVH in a report on Thursday, February 15th. They issued a “neutral” rating and a $150.00 price objective for the company. Credit Suisse Group assumed coverage on PVH in a report on Monday, March 12th. They issued an “outperform” rating and a $175.00 price objective for the company. Citigroup upped their price objective on PVH from $174.00 to $179.00 and gave the company a “buy” rating in a report on Thursday, May 31st. Deutsche Bank dropped their price objective on PVH from $179.00 to $176.00 and set a “buy” rating for the company in a report on Friday, May 25th. Finally, Deutsche Bank upgraded PVH from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $166.90.

In other news, CEO Francis K. Duane sold 22,100 shares of the company’s stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $154.77, for a total transaction of $3,420,417.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Dana Perlman sold 527 shares of the company’s stock in a transaction dated Thursday, April 12th. The stock was sold at an average price of $160.82, for a total value of $84,752.14. The disclosure for this sale can be found here. Insiders sold 121,141 shares of company stock valued at $19,011,545 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

PVH Company Profile

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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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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