Elk Creek Partners LLC trimmed its stake in PVH Corp. (NYSE:PVH) by 8.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,590 shares of the textile maker’s stock after selling 3,358 shares during the period. Elk Creek Partners LLC’s holdings in PVH Corp. were worth $4,075,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of PVH. Advisors Asset Management Inc. grew its position in shares of PVH Corp. by 28.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock valued at $106,000 after buying an additional 204 shares during the last quarter. FNY Partners Fund LP grew its position in shares of PVH Corp. by 53.3% in the 1st quarter. FNY Partners Fund LP now owns 1,150 shares of the textile maker’s stock valued at $118,000 after buying an additional 400 shares during the last quarter. Penserra Capital Management LLC grew its position in shares of PVH Corp. by 9.5% in the 1st quarter. Penserra Capital Management LLC now owns 1,334 shares of the textile maker’s stock valued at $138,000 after buying an additional 116 shares during the last quarter. Fiduciary Trust Co. purchased a new position in shares of PVH Corp. in the 2nd quarter valued at $138,000. Finally, NINE MASTS CAPITAL Ltd purchased a new position in shares of PVH Corp. in the 1st quarter valued at $155,000. 95.32% of the stock is currently owned by hedge funds and other institutional investors.
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A number of research analysts recently commented on the stock. Zacks Investment Research raised shares of PVH Corp. from a “hold” rating to a “buy” rating and set a $143.00 target price on the stock in a research report on Thursday. Sanford C. Bernstein started coverage on shares of PVH Corp. in a research note on Tuesday, September 12th. They set a “market perform” rating and a $142.00 price target for the company. ValuEngine cut shares of PVH Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Citigroup Inc. increased their price target on shares of PVH Corp. from $125.00 to $148.00 and gave the stock a “neutral” rating in a research note on Friday, August 25th. Finally, Buckingham Research increased their price target on shares of PVH Corp. from $142.00 to $143.00 and gave the stock a “buy” rating in a research note on Friday, August 25th. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $137.81.
In other news, COO Michael A. Shaffer sold 45,525 shares of the company’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $111.37, for a total value of $5,070,119.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mark D. Fischer sold 1,500 shares of the company’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $109.75, for a total value of $164,625.00. The disclosure for this sale can be found here. Insiders sold a total of 87,750 shares of company stock worth $10,368,221 in the last quarter. 1.50% of the stock is owned by corporate insiders.
Shares of PVH Corp. (NYSE:PVH) opened at 128.60 on Monday. The stock has a market capitalization of $9.96 billion, a P/E ratio of 24.52 and a beta of 0.46. PVH Corp. has a 12-month low of $84.53 and a 12-month high of $130.75. The company has a 50-day moving average of $124.40 and a 200-day moving average of $108.71.
PVH Corp. (NYSE:PVH) last posted its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. PVH Corp. had a net margin of 4.96% and a return on equity of 11.67%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the prior year, the firm earned $1.47 earnings per share. The business’s quarterly revenue was up 7.1% on a year-over-year basis. Equities analysts expect that PVH Corp. will post $7.71 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th will be issued a $0.038 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. PVH Corp.’s dividend payout ratio is 2.87%.
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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