Stoneridge Investment Partners LLC Raises Position in PVH Corp (PVH)

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Stoneridge Investment Partners LLC grew its holdings in shares of PVH Corp (NYSE:PVH) by 3.1% in the 4th quarter, Holdings Channel reports. The fund owned 9,748 shares of the textile maker’s stock after purchasing an additional 293 shares during the period. Stoneridge Investment Partners LLC’s holdings in PVH were worth $906,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PVH. Vanguard Group Inc grew its holdings in shares of PVH by 1.1% in the third quarter. Vanguard Group Inc now owns 7,930,508 shares of the textile maker’s stock valued at $1,145,165,000 after purchasing an additional 88,970 shares in the last quarter. FMR LLC grew its stake in shares of PVH by 9.1% in the 2nd quarter. FMR LLC now owns 6,874,778 shares of the textile maker’s stock valued at $1,029,292,000 after purchasing an additional 575,989 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of PVH by 54.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,677,007 shares of the textile maker’s stock valued at $964,158,000 after purchasing an additional 2,356,377 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of PVH by 26.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,164,186 shares of the textile maker’s stock valued at $168,108,000 after purchasing an additional 240,510 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of PVH by 21.2% in the 3rd quarter. Janus Henderson Group PLC now owns 1,097,865 shares of the textile maker’s stock valued at $158,532,000 after purchasing an additional 192,171 shares during the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Craig W. Rydin acquired 1,050 shares of PVH stock in a transaction that occurred on Friday, December 14th. The stock was purchased at an average cost of $94.09 per share, with a total value of $98,794.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Emanuel Chirico acquired 10,000 shares of PVH stock in a transaction that occurred on Friday, December 14th. The shares were purchased at an average cost of $95.51 per share, with a total value of $955,100.00. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.

PVH has been the topic of a number of analyst reports. ValuEngine upgraded PVH from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Buckingham Research decreased their price target on PVH from $188.00 to $176.00 and set a “buy” rating on the stock in a research note on Wednesday, October 17th. Barclays set a $178.00 price target on PVH and gave the company a “buy” rating in a research note on Thursday, October 18th. Zacks Investment Research upgraded PVH from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a research note on Monday, October 22nd. Finally, Goldman Sachs Group upgraded PVH from a “sell” rating to a “neutral” rating and decreased their price target for the company from $142.00 to $130.00 in a research note on Friday, November 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. PVH currently has an average rating of “Buy” and a consensus target price of $147.76.

Shares of PVH stock opened at $112.78 on Tuesday. The firm has a market cap of $8.54 billion, a P/E ratio of 14.20, a PEG ratio of 0.84 and a beta of 1.07. PVH Corp has a 1 year low of $86.46 and a 1 year high of $169.22. The company has a quick ratio of 0.85, a current ratio of 1.74 and a debt-to-equity ratio of 0.51.

PVH (NYSE:PVH) last issued its quarterly earnings data on Thursday, November 29th. The textile maker reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.07. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.53 billion. PVH had a return on equity of 13.00% and a net margin of 7.20%. PVH’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.02 earnings per share. As a group, research analysts predict that PVH Corp will post 9.5 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 28th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $0.15 annualized dividend and a yield of 0.13%. PVH’s dividend payout ratio is presently 1.89%.

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About PVH

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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