Mutual of America Capital Management LLC Buys 467 Shares of PVH Corp (PVH)

Mutual of America Capital Management LLC grew its stake in PVH Corp (NYSE:PVH) by 4.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,655 shares of the textile maker’s stock after purchasing an additional 467 shares during the quarter. Mutual of America Capital Management LLC’s holdings in PVH were worth $1,462,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its holdings in shares of PVH by 31.0% in the third quarter. Ameriprise Financial Inc. now owns 4,026,587 shares of the textile maker’s stock valued at $507,666,000 after purchasing an additional 952,394 shares during the period. Neuberger Berman Group LLC increased its holdings in shares of PVH by 1.3% in the third quarter. Neuberger Berman Group LLC now owns 900,625 shares of the textile maker’s stock valued at $113,533,000 after purchasing an additional 11,213 shares during the period. Congress Asset Management Co. MA increased its holdings in shares of PVH by 2.7% in the fourth quarter. Congress Asset Management Co. MA now owns 677,460 shares of the textile maker’s stock valued at $92,954,000 after purchasing an additional 17,880 shares during the period. Legal & General Group Plc increased its holdings in shares of PVH by 2.6% in the third quarter. Legal & General Group Plc now owns 404,264 shares of the textile maker’s stock valued at $50,961,000 after purchasing an additional 10,292 shares during the period. Finally, Hahn Capital Management LLC increased its holdings in shares of PVH by 1.0% in the third quarter. Hahn Capital Management LLC now owns 290,773 shares of the textile maker’s stock valued at $36,655,000 after purchasing an additional 2,751 shares during the period. 93.70% of the stock is currently owned by institutional investors and hedge funds.

PVH Corp (PVH) opened at $150.66 on Thursday. The company has a current ratio of 1.82, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $11,590.00, a price-to-earnings ratio of 22.42, a P/E/G ratio of 1.28 and a beta of 0.67. PVH Corp has a twelve month low of $88.06 and a twelve month high of $157.96.

PVH (NYSE:PVH) last posted its earnings results on Wednesday, November 29th. The textile maker reported $3.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.91 by $0.11. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.34 billion. PVH had a return on equity of 11.95% and a net margin of 6.22%. PVH’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.60 earnings per share. analysts expect that PVH Corp will post 7.82 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, February 28th will be issued a $0.038 dividend. This represents a $0.15 annualized dividend and a yield of 0.10%. The ex-dividend date of this dividend is Tuesday, February 27th. PVH’s dividend payout ratio (DPR) is 2.23%.

A number of research firms have recently issued reports on PVH. Deutsche Bank raised PVH from a “hold” rating to a “buy” rating and set a $131.00 target price on the stock in a report on Wednesday, February 7th. ValuEngine raised PVH from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Piper Jaffray Companies boosted their target price on PVH to $173.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Barclays boosted their target price on PVH from $156.00 to $166.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Finally, Zacks Investment Research lowered PVH from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $149.76.

In other PVH news, CEO Emanuel Chirico sold 370,327 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $132.56, for a total value of $49,090,547.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mark D. Fischer sold 891 shares of the company’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $147.34, for a total value of $131,279.94. The disclosure for this sale can be found here. Insiders sold 392,290 shares of company stock worth $52,131,795 in the last three months. 1.50% of the stock is owned by corporate insiders.

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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.

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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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