Lazard Asset Management LLC acquired a new stake in shares of PVH Corp (NYSE:PVH) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,457 shares of the textile maker’s stock, valued at approximately $337,000.
Other hedge funds have also recently made changes to their positions in the company. Cerebellum GP LLC bought a new stake in shares of PVH during the 4th quarter valued at $131,000. Squar Milner Financial Services LLC bought a new stake in shares of PVH during the 4th quarter valued at $212,000. Conning Inc. bought a new stake in shares of PVH during the 4th quarter valued at $220,000. Everence Capital Management Inc. bought a new stake in shares of PVH during the 4th quarter valued at $248,000. Finally, CAPROCK Group Inc. bought a new stake in shares of PVH during the 4th quarter valued at $267,000. Hedge funds and other institutional investors own 96.12% of the company’s stock.
In other PVH news, CEO Emanuel Chirico sold 370,327 shares of PVH stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $132.56, for a total value of $49,090,547.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark D. Fischer sold 891 shares of PVH stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $147.34, for a total transaction of $131,279.94. The disclosure for this sale can be found here. Insiders sold a total of 392,290 shares of company stock valued at $52,131,795 over the last three months. Corporate insiders own 1.50% of the company’s stock.
PVH Corp (PVH) opened at $143.34 on Wednesday. The firm has a market cap of $11,006.28, a price-to-earnings ratio of 21.33, a P/E/G ratio of 1.23 and a beta of 0.71. PVH Corp has a 52 week low of $89.52 and a 52 week high of $157.96. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 1.82.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, February 28th will be paid a $0.038 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. PVH’s payout ratio is currently 2.23%.
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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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