Aberdeen Asset Management PLC UK lowered its position in PVH Corp. (NYSE:PVH) by 0.3% during the second quarter, Holdings Channel reports. The fund owned 495,583 shares of the company’s stock after selling 1,448 shares during the period. Aberdeen Asset Management PLC UK’s holdings in PVH Corp. were worth $46,699,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of PVH Corp. by 0.7% in the first quarter. State Street Corp now owns 3,252,827 shares of the company’s stock worth $322,231,000 after buying an additional 24,182 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of PVH Corp. by 3.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,183,782 shares of the company’s stock worth $216,325,000 after buying an additional 70,499 shares during the period. Geode Capital Management LLC raised its stake in shares of PVH Corp. by 23.6% in the first quarter. Geode Capital Management LLC now owns 812,690 shares of the company’s stock worth $80,371,000 after buying an additional 155,223 shares during the period. Legal & General Group Plc raised its stake in shares of PVH Corp. by 2.8% in the first quarter. Legal & General Group Plc now owns 337,664 shares of the company’s stock worth $33,451,000 after buying an additional 9,210 shares during the period. Finally, Capital Growth Management LP bought a new stake in shares of PVH Corp. during the first quarter worth about $27,142,000. Institutional investors own 95.45% of the company’s stock.
PVH Corp. (NYSE:PVH) traded up 1.22% during mid-day trading on Wednesday, hitting $111.57. The company had a trading volume of 465,695 shares. PVH Corp. has a 52-week low of $64.16 and a 52-week high of $115.40. The company has a 50-day moving average price of $109.25 and a 200 day moving average price of $99.80. The company has a market capitalization of $8.95 billion, a P/E ratio of 13.51 and a beta of 1.07.
PVH Corp. (NYSE:PVH) last issued its earnings results on Wednesday, August 24th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.18. The company earned $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. PVH Corp. had a return on equity of 12.55% and a net margin of 8.34%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.37 EPS. On average, analysts forecast that PVH Corp. will post $6.66 EPS for the current fiscal year.
A number of brokerages have issued reports on PVH. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $109.00 price objective on shares of PVH Corp. in a report on Tuesday, June 28th. Zacks Investment Research lowered shares of PVH Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 9th. TheStreet raised shares of PVH Corp. from a “hold” rating to a “buy” rating in a report on Thursday, June 23rd. Guggenheim assumed coverage on shares of PVH Corp. in a report on Friday, September 30th. They issued a “buy” rating and a $125.00 target price for the company. Finally, Brean Capital reissued a “buy” rating and issued a $124.00 target price (up from $122.00) on shares of PVH Corp. in a report on Monday, August 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. PVH Corp. currently has an average rating of “Buy” and a consensus target price of $113.79.
In other news, EVP David F. Kozel sold 3,000 shares of the stock in a transaction on Wednesday, October 12th. The stock was sold at an average price of $111.96, for a total transaction of $335,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Francis K. Duane sold 25,405 shares of the stock in a transaction on 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. Insiders own 1.30% of the company’s stock.
About PVH Corp.
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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