Commonwealth Bank of Australia Grows Position in PVH Corp. (PVH)

Commonwealth Bank of Australia increased its stake in shares of PVH Corp. (NYSE:PVH) by 68.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,210 shares of the textile maker’s stock after buying an additional 3,745 shares during the quarter. Commonwealth Bank of Australia’s holdings in PVH were worth $1,156,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. grew its holdings in shares of PVH by 31.0% during the third quarter. Ameriprise Financial Inc. now owns 4,026,587 shares of the textile maker’s stock worth $507,666,000 after buying an additional 952,394 shares during the last quarter. FMR LLC grew its holdings in shares of PVH by 5.5% during the second quarter. FMR LLC now owns 3,587,739 shares of the textile maker’s stock worth $410,796,000 after buying an additional 187,588 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of PVH by 0.4% during the second quarter. JPMorgan Chase & Co. now owns 3,219,010 shares of the textile maker’s stock worth $368,576,000 after buying an additional 13,101 shares during the last quarter. Cramer Rosenthal Mcglynn LLC grew its holdings in shares of PVH by 8.6% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,239,768 shares of the textile maker’s stock worth $141,953,000 after buying an additional 98,443 shares during the last quarter. Finally, Balyasny Asset Management LLC grew its holdings in shares of PVH by 136.3% during the second quarter. Balyasny Asset Management LLC now owns 1,173,862 shares of the textile maker’s stock worth $134,407,000 after buying an additional 677,096 shares during the last quarter. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

PVH Corp. (PVH) traded down $0.68 during mid-day trading on Wednesday, hitting $133.60. 1,512,900 shares of the stock were exchanged, compared to its average volume of 1,019,022. PVH Corp. has a 52 week low of $84.53 and a 52 week high of $139.51. 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 has a market cap of $10,396.55, a P/E ratio of 17.69, a price-to-earnings-growth ratio of 1.32 and a beta of 0.61.

PVH (NYSE:PVH) last posted its quarterly earnings results on Wednesday, November 29th. The textile maker reported $3.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.91 by $0.11. PVH had a net margin of 6.22% and a return on equity of 11.95%. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period last year, the firm earned $2.60 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. equities research analysts expect that PVH Corp. will post 7.8 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 22nd will be given a dividend of $0.038 per share. The ex-dividend date is Tuesday, November 21st. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. PVH’s payout ratio is 2.23%.

In other news, SVP James Holmes sold 851 shares of PVH stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $126.99, for a total transaction of $108,068.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.

A number of equities research analysts have weighed in on PVH shares. Credit Suisse Group set a $149.00 price objective on PVH and gave the company a “buy” rating in a report on Thursday, August 24th. Cowen set a $150.00 price objective on PVH and gave the company a “buy” rating in a report on Monday, November 27th. Wells Fargo & Company lifted their price objective on PVH from $126.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, August 24th. Zacks Investment Research lowered PVH from a “buy” rating to a “hold” rating in a report on Monday, September 4th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $148.00 price objective on shares of PVH in a report on Wednesday, November 1st. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $143.94.

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PVH 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.

Institutional Ownership by Quarter for PVH (NYSE:PVH)

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