LS Investment Advisors LLC boosted its holdings in shares of PVH Corp (NYSE:PVH) by 31.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,204 shares of the textile maker’s stock after buying an additional 1,233 shares during the quarter. LS Investment Advisors LLC’s holdings in PVH were worth $484,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Quantamental Technologies LLC bought a new stake in PVH during the fourth quarter valued at about $28,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of PVH in the fourth quarter valued at about $28,000. Csenge Advisory Group bought a new stake in shares of PVH in the third quarter valued at about $75,000. Dupont Capital Management Corp lifted its stake in shares of PVH by 54.4% in the fourth quarter. Dupont Capital Management Corp now owns 1,303 shares of the textile maker’s stock valued at $121,000 after buying an additional 459 shares during the period. Finally, SRS Capital Advisors Inc. bought a new stake in shares of PVH in the third quarter valued at about $125,000. 96.87% of the stock is currently owned by hedge funds and other institutional investors.
PVH has been the subject of several research reports. Piper Jaffray Companies set a $150.00 target price on shares of PVH and gave the company a “buy” rating in a research note on Friday, November 30th. UBS Group upgraded shares of PVH from a “neutral” rating to a “buy” rating and reduced their target price for the company from $170.00 to $145.00 in a research note on Monday, January 7th. Guggenheim reiterated a “buy” rating and issued a $150.00 target price on shares of PVH in a research note on Sunday, December 2nd. Goldman Sachs Group upgraded shares of PVH from a “sell” rating to a “neutral” rating and reduced their target price for the company from $142.00 to $130.00 in a research note on Friday, November 9th. Finally, Deutsche Bank set a $171.00 target price on shares of PVH and gave the company a “buy” rating in a research note on Tuesday, November 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. PVH currently has an average rating of “Buy” and an average target price of $147.76.
Shares of PVH opened at $112.78 on Tuesday. The stock has a market cap of $8.54 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 0.84 and a beta of 1.07. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.74 and a quick ratio of 0.85. PVH Corp has a 12 month low of $86.46 and a 12 month high of $169.22.
PVH (NYSE:PVH) last announced its quarterly earnings results on Thursday, November 29th. The textile maker reported $3.21 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 7.20% and a return on equity of 13.00%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.02 earnings per share. As a group, sell-side analysts anticipate that PVH Corp will post 9.5 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, February 28th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend is Wednesday, February 27th. PVH’s dividend payout ratio is 1.89%.
In other PVH news, CEO Emanuel Chirico purchased 10,000 shares of the business’s stock in a transaction on Friday, December 14th. The stock was purchased at an average price of $95.51 per share, for a total transaction of $955,100.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Craig W. Rydin purchased 1,050 shares of the business’s stock in a transaction on Friday, December 14th. The shares were acquired at an average price of $94.09 per share, with a total value of $98,794.50. The disclosure for this purchase can be found here. 1.00% of the stock is owned by company insiders.
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PVH Company Profile
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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