Delta Lloyd Asset Management N.V. Invests $711,000 in PVH Corp. (PVH) Stock

Delta Lloyd Asset Management N.V. bought a new stake in shares of PVH Corp. (NYSE:PVH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,208 shares of the textile maker’s stock, valued at approximately $711,000.

A number of other large investors have also made changes to their positions in the stock. Swiss National Bank increased its position in PVH Corp. by 1.6% during the 2nd quarter. Swiss National Bank now owns 288,900 shares of the textile maker’s stock valued at $33,079,000 after buying an additional 4,600 shares in the last quarter. Eagle Asset Management Inc. increased its position in PVH Corp. by 87.6% during the 2nd quarter. Eagle Asset Management Inc. now owns 38,306 shares of the textile maker’s stock valued at $4,386,000 after buying an additional 17,886 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in PVH Corp. by 4.0% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,677 shares of the textile maker’s stock valued at $307,000 after buying an additional 104 shares in the last quarter. AlphaMark Advisors LLC increased its position in PVH Corp. by 17.2% during the 2nd quarter. AlphaMark Advisors LLC now owns 26,373 shares of the textile maker’s stock valued at $3,020,000 after buying an additional 3,878 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its position in PVH Corp. by 13.9% during the 2nd quarter. Neuberger Berman Group LLC now owns 889,412 shares of the textile maker’s stock valued at $101,838,000 after buying an additional 108,349 shares in the last quarter. 95.24% of the stock is currently owned by institutional investors.

In related news, EVP Mark D. Fischer sold 1,500 shares of the business’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $109.75, for a total value of $164,625.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Dana Perlman sold 769 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $114.77, for a total value of $88,258.13. 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 90 days. 1.30% of the stock is currently owned by insiders.

Shares of PVH Corp. (NYSE:PVH) traded up 1.45% during mid-day trading on Friday, hitting $128.26. The stock had a trading volume of 250,785 shares. The firm has a 50 day moving average price of $124.14 and a 200 day moving average price of $108.46. PVH Corp. has a 52-week low of $84.53 and a 52-week high of $130.75. The firm has a market cap of $9.93 billion, a PE ratio of 24.46 and a beta of 0.46.

PVH Corp. (NYSE:PVH) last issued its quarterly earnings results on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.04. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.02 billion. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.47 EPS. Equities analysts predict that PVH Corp. will post $7.71 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 24th will be given a $0.038 dividend. This represents a $0.15 annualized dividend and a yield of 0.12%. The ex-dividend date is Tuesday, August 22nd. PVH Corp.’s dividend payout ratio (DPR) is presently 2.87%.

Several research analysts recently issued reports on PVH shares. J P Morgan Chase & Co raised PVH Corp. from a “neutral” rating to an “overweight” rating and upped their target price for the company from $116.00 to $125.00 in a research report on Thursday, May 25th. Credit Suisse Group raised PVH Corp. from a “neutral” rating to an “outperform” rating and upped their target price for the company from $114.00 to $136.00 in a research report on Tuesday, May 30th. Zacks Investment Research lowered PVH Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. BidaskClub raised PVH Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, Piper Jaffray Companies set a $120.00 price objective on PVH Corp. and gave the company a “buy” rating in a report on Wednesday, June 14th. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. PVH Corp. presently has an average rating of “Buy” and a consensus price target of $137.81.

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About PVH Corp.

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 Corp. (NYSE:PVH)

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