Candriam Luxembourg S.C.A. Purchases 56,152 Shares of PVH Corp (PVH)
Candriam Luxembourg S.C.A. grew its position in shares of PVH Corp (NYSE:PVH) by 282.2% during the 4th quarter, Holdings Channel reports. The firm owned 76,053 shares of the textile maker’s stock after acquiring an additional 56,152 shares during the period. Candriam Luxembourg S.C.A.’s holdings in PVH were worth $10,435,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC bought a new position in shares of PVH during the 3rd quarter valued at about $108,000. Cerebellum GP LLC bought a new position in shares of PVH during the 4th quarter valued at about $131,000. Advisor Partners LLC bought a new position in shares of PVH during the 3rd quarter valued at about $206,000. Conning Inc. bought a new position in shares of PVH during the 4th quarter valued at about $220,000. Finally, Raymond James Trust N.A. bought a new position in shares of PVH during the 3rd quarter valued at about $224,000. Hedge funds and other institutional investors own 93.70% of the company’s stock.
In other PVH news, CEO Steven B. Shiffman sold 3,100 shares of the stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $136.38, for a total value of $422,778.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Emanuel Chirico sold 370,327 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $132.56, for a total value of $49,090,547.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 392,290 shares of company stock valued at $52,131,795. Company insiders own 1.50% of the company’s stock.
PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, November 29th. The textile maker reported $3.02 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.11. PVH had a return on equity of 11.95% and a net margin of 6.22%. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the business posted $2.60 EPS. The business’s revenue was up 5.0% on a year-over-year basis. sell-side analysts forecast that PVH Corp will post 7.82 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, February 28th will be issued a $0.038 dividend. This represents a $0.15 annualized dividend and a yield of 0.10%. The ex-dividend date of this dividend is Tuesday, February 27th. PVH’s dividend payout ratio (DPR) is currently 2.23%.
Several brokerages have recently commented on PVH. B. Riley reiterated a “buy” rating on shares of PVH in a research report on Wednesday, November 1st. Deutsche Bank upgraded PVH from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a research report on Wednesday, February 7th. Piper Jaffray Companies raised their price target on PVH to $173.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. ValuEngine upgraded PVH from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research lowered PVH from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $149.76.
COPYRIGHT VIOLATION NOTICE: This article was reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://theolympiareport.com/2018/02/14/candriam-luxembourg-s-c-a-purchases-56152-shares-of-pvh-corp-pvh.html.
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).
Receive News & Ratings for PVH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH and related companies with MarketBeat.com's FREE daily email newsletter.