PVH Corp (PVH) Position Reduced by MSD Capital L P

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

A number of other hedge funds have also made changes to their positions in PVH. Wilbanks Smith & Thomas Asset Management LLC increased its stake in shares of PVH Corp by 0.4% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 3,573 shares of the textile maker’s stock valued at $370,000 after buying an additional 14 shares during the last quarter. Allen Investment Management LLC increased its stake in PVH Corp by 2.8% in the first quarter. Allen Investment Management LLC now owns 3,429 shares of the textile maker’s stock worth $355,000 after buying an additional 92 shares in the last quarter. State Treasurer State of Michigan increased its stake in PVH Corp by 0.4% in the first quarter. State Treasurer State of Michigan now owns 25,996 shares of the textile maker’s stock worth $2,690,000 after buying an additional 100 shares in the last quarter. Mason Street Advisors LLC increased its stake in PVH Corp by 1.0% in the first quarter. Mason Street Advisors LLC now owns 10,954 shares of the textile maker’s stock worth $1,133,000 after buying an additional 111 shares in the last quarter. Finally, Penserra Capital Management LLC increased its stake in PVH Corp by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,334 shares of the textile maker’s stock worth $138,000 after buying an additional 116 shares in the last quarter. 96.69% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for PVH Corp (NYSE:PVH)

Shares of PVH Corp (PVH) traded up 0.56% on Monday, hitting $105.72. The stock had a trading volume of 611,582 shares. The company has a market capitalization of $8.23 billion, a P/E ratio of 21.86 and a beta of 0.47. The firm has a 50 day moving average price of $103.02 and a 200 day moving average price of $97.38. PVH Corp has a one year low of $83.80 and a one year high of $115.40.

PVH Corp (NYSE:PVH) last issued its quarterly earnings data on Wednesday, May 24th. The textile maker reported $1.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.05. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. PVH Corp had a net margin of 3.52% and a return on equity of 5.83%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $1.50 earnings per share. On average, equities research analysts predict that PVH Corp will post $7.50 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Thursday, May 18th will be given a dividend of $0.038 per share. The ex-dividend date of this dividend is Tuesday, May 16th. This represents a $0.15 annualized dividend and a yield of 0.14%. PVH Corp’s dividend payout ratio (DPR) is presently 3.11%.

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A number of analysts have recently commented on the company. B. Riley reissued a “buy” rating and issued a $125.00 price objective on shares of PVH Corp in a research note on Sunday, April 9th. Piper Jaffray Companies reissued an “overweight” rating and issued a $112.00 price objective on shares of PVH Corp in a research note on Thursday, March 23rd. Zacks Investment Research downgraded PVH Corp from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. Cowen and Company boosted their price objective on PVH Corp from $118.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 25th. Finally, J P Morgan Chase & Co raised PVH Corp from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $116.00 to $125.00 in a research note on Thursday, May 25th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. PVH Corp presently has an average rating of “Buy” and a consensus target price of $121.44.

In other PVH Corp news, CEO Daniel Grieder sold 18,701 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $103.43, for a total transaction of $1,934,244.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark D. Fischer sold 1,000 shares of PVH Corp stock in a transaction that occurred on Friday, March 24th. The shares were sold at an average price of $101.72, for a total transaction of $101,720.00. The disclosure for this sale can be found here. Insiders have sold 30,034 shares of company stock valued at $3,125,205 over the last 90 days. Company insiders own 1.50% of the company’s stock.

PVH Corp Company 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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