State of Alaska Department of Revenue Decreases Stake in PVH Corp. (NYSE:PVH)

State of Alaska Department of Revenue reduced its stake in PVH Corp. (NYSE:PVH) by 44.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,310 shares of the textile maker’s stock after selling 4,320 shares during the period. State of Alaska Department of Revenue’s holdings in PVH Corp. were worth $607,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PVH. FNY Partners Fund LP raised its position in shares of PVH Corp. by 53.3% in the first 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 during the last quarter. Penserra Capital Management LLC raised its position in shares of PVH Corp. by 9.5% in the first 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 during the last quarter. NINE MASTS CAPITAL Ltd purchased a new position in shares of PVH Corp. during the first quarter valued at $155,000. Financial Architects Inc raised its position in shares of PVH Corp. by 261.6% in the first quarter. Financial Architects Inc now owns 1,602 shares of the textile maker’s stock valued at $166,000 after buying an additional 1,159 shares during the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of PVH Corp. during the first quarter valued at $198,000. 96.44% of the stock is currently owned by institutional investors.

Shares of PVH Corp. (NYSE:PVH) opened at 115.75 on Friday. The company’s 50-day moving average price is $109.51 and its 200 day moving average price is $99.55. PVH Corp. has a 52 week low of $84.53 and a 52 week high of $116.19. The company has a market cap of $9.01 billion, a P/E ratio of 23.93 and a beta of 0.51.

PVH Corp. (NYSE:PVH) last announced its quarterly earnings results on Wednesday, May 24th. The textile maker reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.05. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. PVH Corp. had a return on equity of 11.57% and a net margin of 4.69%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.50 earnings per share. On average, equities analysts forecast that PVH Corp. will post $7.51 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “State of Alaska Department of Revenue Decreases Stake in PVH Corp. (NYSE:PVH)” was originally posted by BBNS and is the sole property of of BBNS. If you are accessing this article on another site, it was copied illegally and reposted in violation of U.S. & international copyright laws. The correct version of this article can be accessed at https://baseballnewssource.com/markets/state-of-alaska-department-of-revenue-decreases-stake-in-pvh-corp-nysepvh/1245376.html.

Several research analysts have weighed in on PVH shares. Credit Suisse Group dropped their target price on PVH Corp. to $114.00 in a research report on Thursday, March 23rd. Zacks Investment Research raised PVH Corp. from a “hold” rating to a “buy” rating and set a $112.00 target price on the stock in a research report on Monday, May 22nd. Wunderlich reaffirmed a “buy” rating and issued a $125.00 target price on shares of PVH Corp. in a research report on Saturday, March 25th. Citigroup Inc. raised 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, Cowen and Company upped their target price on PVH Corp. from $108.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, March 23rd. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. PVH Corp. presently has a consensus rating of “Buy” and a consensus price target of $123.06.

In other PVH Corp. news, CEO Francis K. Duane sold 2,497 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $105.99, for a total transaction of $264,657.03. The sale was disclosed in a filing with the SEC, which is accessible through 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. In the last three months, insiders have sold 59,627 shares of company stock worth $6,584,743. Company insiders own 1.30% 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.

Want to see what other hedge funds are holding PVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PVH Corp. (NYSE:PVH).

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

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.

 


Latest News

Veteran Pitcher Bartolo Colon Considering Retirement
Veteran Pitcher Bartolo Colon Considering Retirement
Todd Frazier Traded to Yankees for Blake Rutherford and Others
Todd Frazier Traded to Yankees for Blake Rutherford and Others
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Todd Frazier Trade to Boston Appears to Be Decided
Todd Frazier Trade to Boston Appears to Be Decided
Chicago White Sox Continue Rebuild Without Jose Quintana
Chicago White Sox Continue Rebuild Without Jose Quintana
Mike Trout Returns from Injury With Single and Stole Base
Mike Trout Returns from Injury With Single and Stole Base


Leave a Reply

 
© 2006-2017 BBNS.