13,492 Shares in PVH Corp. (PVH) Purchased by Exane Derivatives
Exane Derivatives acquired a new stake in PVH Corp. (NYSE:PVH) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,492 shares of the textile maker’s stock, valued at approximately $1,700,000.
Other hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of PVH Corp. by 8.7% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 180,903 shares of the textile maker’s stock valued at $20,713,000 after purchasing an additional 14,434 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of PVH Corp. by 8.7% in the second quarter. TIAA CREF Investment Management LLC now owns 491,022 shares of the textile maker’s stock valued at $56,222,000 after purchasing an additional 39,164 shares in the last quarter. Quantitative Systematic Strategies LLC grew its holdings in shares of PVH Corp. by 47.2% in the second quarter. Quantitative Systematic Strategies LLC now owns 24,810 shares of the textile maker’s stock valued at $2,823,000 after purchasing an additional 7,961 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of PVH Corp. by 19.9% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 19,512 shares of the textile maker’s stock valued at $2,234,000 after purchasing an additional 3,232 shares in the last quarter. Finally, Blue Rock Advisors LLC acquired a new position in shares of PVH Corp. in the second quarter valued at approximately $1,145,000. Hedge funds and other institutional investors own 95.20% of the company’s stock.
Shares of PVH Corp. (NYSE PVH) traded up 2.04% during mid-day trading on Friday, hitting $128.31. 980,180 shares of the stock traded hands. The stock has a 50-day moving average of $126.61 and a 200 day moving average of $114.08. PVH Corp. has a one year low of $84.53 and a one year high of $130.75. The stock has a market cap of $9.93 billion, a PE ratio of 24.47 and a beta of 0.46.
PVH Corp. (NYSE:PVH) last released its earnings results on Wednesday, August 23rd. The textile maker reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.04. The company had revenue of $2.07 billion during 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 business’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.47 EPS. Equities analysts predict that PVH Corp. will post $7.72 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th were paid a dividend of $0.038 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. The ex-dividend date was Tuesday, August 22nd. PVH Corp.’s dividend payout ratio (DPR) is currently 2.87%.
A number of research analysts recently weighed in on PVH shares. Credit Suisse Group set a $136.00 price objective on shares of PVH Corp. and gave the company a “buy” rating in a report on Friday, August 18th. Zacks Investment Research upgraded shares of PVH Corp. from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a report on Thursday, August 24th. ValuEngine cut shares of PVH Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Buckingham Research lifted their price objective on shares of PVH Corp. from $142.00 to $143.00 and gave the company a “buy” rating in a report on Friday, August 25th. Finally, FBR & Co started coverage on shares of PVH Corp. in a report on Tuesday, July 11th. They issued an “outperform” rating and a $135.00 price objective for the company. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $139.19.
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In other news, EVP Mark D. Fischer sold 5,589 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $128.47, for a total transaction of $718,018.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David F. Kozel sold 8,867 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $125.19, for a total value of $1,110,059.73. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,307 shares of company stock valued at $4,980,787. 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.
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