Comerica Bank trimmed its holdings in shares of PVH Corp. (NYSE:PVH) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,320 shares of the textile maker’s stock after selling 192 shares during the period. Comerica Bank’s holdings in PVH Corp. were worth $2,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of PVH. Advisors Asset Management Inc. boosted its holdings in shares of PVH Corp. by 28.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock valued at $106,000 after buying an additional 204 shares in the last quarter. FNY Partners Fund LP boosted its holdings in shares of PVH Corp. by 53.3% in the 1st quarter. FNY Partners Fund LP now owns 1,150 shares of the textile maker’s stock valued at $118,000 after buying an additional 400 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in shares of PVH Corp. by 9.5% in the 1st quarter. Penserra Capital Management LLC now owns 1,334 shares of the textile maker’s stock valued at $138,000 after buying an additional 116 shares in the last quarter. NINE MASTS CAPITAL Ltd bought a new stake in shares of PVH Corp. in the 1st quarter valued at about $155,000. Finally, Rational Advisors LLC bought a new stake in shares of PVH Corp. in the 2nd quarter valued at about $183,000. Institutional investors own 95.24% of the company’s stock.
In other news, CEO Francis K. Duane sold 24,000 shares of PVH Corp. stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $126.86, for a total value of $3,044,640.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Michael A. Shaffer sold 45,525 shares of PVH Corp. stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $111.37, for a total transaction of $5,070,119.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,750 shares of company stock valued at $10,368,221. 1.30% of the stock is owned by company insiders.
A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of PVH Corp. from a “hold” rating to a “buy” rating and set a $143.00 price target on the stock in a report on Thursday. Sanford C. Bernstein began coverage on shares of PVH Corp. in a report on Tuesday. They issued a “market perform” rating and a $142.00 price target on the stock. ValuEngine cut shares of PVH Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Citigroup Inc. lifted their target price on shares of PVH Corp. from $125.00 to $148.00 and gave the stock a “neutral” rating in a research note on Friday, August 25th. Finally, Buckingham Research lifted their target price on shares of PVH Corp. from $142.00 to $143.00 and gave the stock a “buy” rating in a research note on Friday, August 25th. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $137.81.
PVH Corp. (PVH) opened at 126.45 on Friday. The firm’s 50-day moving average is $124.14 and its 200-day moving average is $108.46. PVH Corp. has a 52-week low of $84.53 and a 52-week high of $130.75. The stock has a market capitalization of $9.79 billion, a price-to-earnings ratio of 24.11 and a beta of 0.46.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the previous year, the company posted $1.47 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. Analysts predict that PVH Corp. will post $7.71 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th will be given a $0.038 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. PVH Corp.’s payout ratio is 2.87%.
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.
Receive News & Ratings for PVH Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH Corp. and related companies with our FREE daily email newsletter.