Pictet Asset Management Ltd. lowered its stake in shares of PVH Corp. (NYSE:PVH) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324,200 shares of the textile maker’s stock after selling 1,995 shares during the period. Pictet Asset Management Ltd.’s holdings in PVH Corp. were worth $34,349,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Macquarie Group Ltd. raised its position in PVH Corp. by 180.0% in the fourth quarter. Macquarie Group Ltd. now owns 128,287 shares of the textile maker’s stock valued at $11,576,000 after buying an additional 82,472 shares during the last quarter. Prudential Financial Inc. raised its position in PVH Corp. by 3.2% in the first quarter. Prudential Financial Inc. now owns 438,951 shares of the textile maker’s stock valued at $45,419,000 after buying an additional 13,671 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in PVH Corp. during the first quarter valued at $236,000. Global X Management Co. LLC raised its position in PVH Corp. by 36.2% in the first quarter. Global X Management Co. LLC now owns 8,334 shares of the textile maker’s stock valued at $862,000 after buying an additional 2,214 shares during the last quarter. Finally, Regentatlantic Capital LLC raised its position in PVH Corp. by 25.3% in the first quarter. Regentatlantic Capital LLC now owns 32,565 shares of the textile maker’s stock valued at $3,370,000 after buying an additional 6,565 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. The company has a 50-day moving average of $115.57 and a 200-day moving average of $102.30. The stock has a market capitalization of $9.66 billion, a P/E ratio of 25.66 and a beta of 0.51. PVH Corp. has a 52 week low of $84.53 and a 52 week high of $126.11.
PVH Corp. (NYSE:PVH) last posted its quarterly earnings results on Wednesday, May 24th. The textile maker reported $1.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.05. PVH Corp. had a return on equity of 11.57% and a net margin of 4.69%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the company posted $1.50 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts anticipate that PVH Corp. will post $7.52 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders 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 yield of 0.12%. PVH Corp.’s payout ratio is 3.11%.
Several equities analysts recently weighed in on PVH shares. Bank of America Corporation started coverage on shares of PVH Corp. in a research report on Thursday, August 3rd. They set a “buy” rating and a $146.00 price target for the company. Zacks Investment Research lowered shares of PVH Corp. from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Credit Suisse Group upgraded shares of PVH Corp. from a “neutral” rating to an “outperform” rating and increased their price target for the company from $114.00 to $136.00 in a research report on Tuesday, May 30th. Citigroup Inc. increased their price target on shares of PVH Corp. from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, May 30th. Finally, BidaskClub upgraded shares of PVH Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Three investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $125.47.
In other news, CEO Francis K. Duane sold 2,497 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $105.99, for a total transaction of $264,657.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Michael A. Shaffer sold 45,525 shares of the stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $111.37, for a total value 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 over the last 90 days. 1.30% of the stock is currently owned by corporate 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.
Want to see what other hedge funds are holding PVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PVH Corp. (NYSE:PVH).
Receive News & Ratings for PVH Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH Corp. and related companies with MarketBeat.com's FREE daily email newsletter.