Candriam Luxembourg S.C.A. Boosts Stake in PVH Corp. (PVH)

Candriam Luxembourg S.C.A. increased its position in PVH Corp. (NYSE:PVH) by 319.1% during the second quarter, Holdings Channel reports. The fund owned 22,327 shares of the textile maker’s stock after buying an additional 16,999 shares during the period. Candriam Luxembourg S.C.A.’s holdings in PVH Corp. were worth $2,557,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Wilbanks Smith & Thomas Asset Management LLC raised its position in shares of PVH Corp. by 0.4% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 3,573 shares of the textile maker’s stock worth $370,000 after buying an additional 14 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of PVH Corp. by 1.3% in the second quarter. LS Investment Advisors LLC now owns 3,904 shares of the textile maker’s stock worth $447,000 after buying an additional 52 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of PVH Corp. by 0.7% in the second quarter. Capstone Asset Management Co. now owns 8,949 shares of the textile maker’s stock worth $1,025,000 after buying an additional 64 shares during the last quarter. Allen Investment Management LLC raised its position in shares of PVH Corp. by 2.8% in the first quarter. Allen Investment Management LLC now owns 3,429 shares of the textile maker’s stock worth $355,000 after buying an additional 92 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its position in shares of PVH Corp. by 0.7% in the second quarter. Xact Kapitalforvaltning AB now owns 13,982 shares of the textile maker’s stock worth $1,601,000 after buying an additional 95 shares during the last quarter. Institutional investors own 97.42% of the company’s stock.

Shares of PVH Corp. (PVH) opened at 124.11 on Thursday. PVH Corp. has a 52 week low of $84.53 and a 52 week high of $126.11. The company has a market cap of $9.66 billion, a P/E ratio of 25.66 and a beta of 0.51. The firm has a 50-day moving average of $115.57 and a 200 day moving average of $102.30.

PVH Corp. (NYSE:PVH) last released its quarterly earnings data on Wednesday, May 24th. The textile maker reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.05. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. PVH Corp. had a net margin of 4.69% and a return on equity of 11.57%. PVH Corp.’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.50 EPS. Equities analysts anticipate that PVH Corp. will post $7.52 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th will be paid a $0.038 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. PVH Corp.’s dividend payout ratio is currently 3.11%.

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A number of equities analysts have recently issued reports on the stock. B. Riley reiterated a “buy” rating and set a $128.00 target price on shares of PVH Corp. in a research report on Sunday, June 4th. UBS AG reiterated a “buy” rating and set a $120.00 target price (up from $116.00) on shares of PVH Corp. in a research report on Thursday, May 25th. Zacks Investment Research lowered shares of PVH Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Piper Jaffray Companies set a $143.00 target price on shares of PVH Corp. and gave the stock a “buy” rating in a research report on Monday. Finally, Cowen and Company upped their target price on shares of PVH Corp. from $118.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 25th. Three investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $125.47.

In other PVH Corp. news, SVP Dana Perlman sold 769 shares of the business’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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael A. Shaffer sold 45,525 shares of the business’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $111.37, for a total transaction of $5,070,119.25. The disclosure for this sale can be found here. Insiders sold a total of 59,627 shares of company stock valued at $6,584,743 in the last quarter. 1.30% of the stock is currently owned by company insiders.

PVH Corp. Company 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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Institutional Ownership by Quarter for PVH Corp. (NYSE:PVH)

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