Quantitative Systematic Strategies LLC increased its position in shares of PVH Corp. (NYSE:PVH) by 23.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,602 shares of the company’s stock after buying an additional 1,618 shares during the period. Quantitative Systematic Strategies LLC’s holdings in PVH Corp. were worth $799,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in PVH. Commonwealth Equity Services Inc increased its position in shares of PVH Corp. by 19.3% in the first quarter. Commonwealth Equity Services Inc now owns 5,316 shares of the company’s stock worth $527,000 after buying an additional 860 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of PVH Corp. during the first quarter worth about $1,088,000. TIAA CREF Investment Management LLC increased its position in shares of PVH Corp. by 164.4% in the first quarter. TIAA CREF Investment Management LLC now owns 427,078 shares of the company’s stock worth $42,306,000 after buying an additional 265,575 shares in the last quarter. Teachers Advisors Inc. increased its position in shares of PVH Corp. by 191.9% in the first quarter. Teachers Advisors Inc. now owns 294,088 shares of the company’s stock worth $29,132,000 after buying an additional 193,344 shares in the last quarter. Finally, Franklin Resources Inc. bought a new position in shares of PVH Corp. during the first quarter worth about $860,000. Institutional investors and hedge funds own 95.45% of the company’s stock.
PVH Corp. (NYSE:PVH) traded down 0.71% on Wednesday, reaching $111.84. 442,604 shares of the company traded hands. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 13.54 and a beta of 1.07. PVH Corp. has a 52-week low of $64.16 and a 52-week high of $115.40. The firm has a 50 day moving average price of $108.92 and a 200 day moving average price of $99.36.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings results on Wednesday, August 24th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.29 by $0.18. PVH Corp. had a net margin of 8.34% and a return on equity of 12.55%. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the business earned $1.37 earnings per share. PVH Corp.’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts predict that PVH Corp. will post $6.66 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 24th were given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.13%. The ex-dividend date was Monday, August 22nd. PVH Corp.’s dividend payout ratio (DPR) is presently 1.82%.
A number of equities analysts have recently issued reports on PVH shares. Piper Jaffray Cos. reiterated a “buy” rating and issued a $109.00 price target on shares of PVH Corp. in a report on Wednesday, June 15th. TheStreet upgraded shares of PVH Corp. from a “hold” rating to a “buy” rating in a report on Thursday, June 23rd. Zacks Investment Research upgraded shares of PVH Corp. from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a report on Tuesday, July 5th. Deutsche Bank AG raised their target price on shares of PVH Corp. from $110.00 to $117.00 and gave the company a “buy” rating in a report on Tuesday, August 16th. Finally, Brean Capital raised their target price on shares of PVH Corp. from $115.00 to $122.00 and gave the company a “buy” rating in a report on Tuesday, August 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $113.79.
In other PVH Corp. news, Director Mary Baglivo sold 2,280 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $110.26, for a total transaction of $251,392.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Francis K. Duane sold 25,405 shares of the business’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $112.00, for a total value of $2,845,360.00. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
PVH Corp. Company Profile
PVH Corp. is an apparel company. The Company’s segments include Calvin Klein North America; Calvin Klein International; Tommy Hilfiger North America; Tommy Hilfiger International; Heritage Brands Wholesale, and Heritage Brands Retail. The Company’s brand portfolio consists of various brand names, including Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner’s, Olga and Eagle, which are owned, and Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, MICHAEL Michael Kors, Michael Kors Collection and Chaps, which are licensed, as well as various other licensed and private label brands.
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