PVH Corp. (PVH) Position Lowered by MSD Capital L P

MSD Capital L P lowered its stake in shares of PVH Corp. (NYSE:PVH) by 15.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 375,855 shares of the textile maker’s stock after selling 69,630 shares during the period. PVH Corp. makes up 14.2% of MSD Capital L P’s holdings, making the stock its 3rd largest position. MSD Capital L P owned 0.48% of PVH Corp. worth $38,890,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Flinton Capital Management LLC purchased a new stake in PVH Corp. during the fourth quarter worth $458,000. Renaissance Technologies LLC increased its stake in shares of PVH Corp. by 238.5% in the fourth quarter. Renaissance Technologies LLC now owns 172,870 shares of the textile maker’s stock worth $15,600,000 after buying an additional 121,800 shares during the period. Employees Retirement System of Texas increased its stake in shares of PVH Corp. by 54.5% in the fourth quarter. Employees Retirement System of Texas now owns 17,000 shares of the textile maker’s stock worth $1,534,000 after buying an additional 6,000 shares during the period. Allianz Asset Management AG purchased a new stake in shares of PVH Corp. during the fourth quarter valued at about $18,760,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of PVH Corp. during the fourth quarter valued at about $603,000. 96.45% of the stock is owned by institutional investors.

PVH Corp. (NYSE PVH) traded up 1.16% during midday trading on Friday, reaching $112.17. 431,258 shares of the company traded hands. The stock has a market capitalization of $8.73 billion, a P/E ratio of 23.19 and a beta of 0.51. The company has a 50 day moving average of $105.06 and a 200-day moving average of $97.56. PVH Corp. has a 12-month low of $84.53 and a 12-month high of $115.86.

PVH Corp. (NYSE:PVH) last posted its quarterly earnings data on Wednesday, May 24th. The textile maker reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.05. PVH Corp. had a net margin of 4.69% and a return on equity of 11.57%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the company posted $1.50 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities analysts anticipate that PVH Corp. will post $7.50 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 20th. Stockholders of record on Thursday, May 18th were paid a $0.038 dividend. The ex-dividend date of this dividend was Tuesday, May 16th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. PVH Corp.’s payout ratio is 3.11%.

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PVH has been the topic of several recent analyst reports. Zacks Investment Research raised shares of PVH Corp. from a “sell” rating to a “hold” rating in a research note on Monday, March 27th. Credit Suisse Group set a $121.00 price target on shares of PVH Corp. and gave the stock a “hold” rating in a research note on Monday, March 20th. Wunderlich reissued a “buy” rating and set a $125.00 target price on shares of PVH Corp. in a research report on Saturday, March 25th. Citigroup Inc. raised shares of PVH Corp. from a “neutral” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Friday, March 24th. Finally, Piper Jaffray Companies set a $112.00 price target on shares of PVH Corp. and gave the company a “buy” rating in a report on Thursday, March 16th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $122.06.

In other PVH Corp. news, EVP Mark D. Fischer sold 1,500 shares of the business’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Dana Perlman sold 769 shares of the business’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $114.77, for a total transaction of $88,258.13. The disclosure for this sale can be found here. Insiders sold 14,102 shares of company stock valued at $1,514,624 over the last 90 days. 1.30% of the stock is owned by company insiders.

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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