Penserra Capital Management LLC Acquires 352 Shares of PVH Corp (PVH)
Penserra Capital Management LLC raised its holdings in PVH Corp (NYSE:PVH) by 18.6% during the 4th quarter, Holdings Channel reports. The firm owned 2,240 shares of the textile maker’s stock after acquiring an additional 352 shares during the period. Penserra Capital Management LLC’s holdings in PVH were worth $307,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of PVH. Ameriprise Financial Inc. boosted its holdings in PVH by 31.0% in the third quarter. Ameriprise Financial Inc. now owns 4,026,587 shares of the textile maker’s stock valued at $507,666,000 after purchasing an additional 952,394 shares during the last quarter. Wedge Capital Management L L P NC raised its position in shares of PVH by 3,135.9% in the third quarter. Wedge Capital Management L L P NC now owns 251,754 shares of the textile maker’s stock worth $31,736,000 after acquiring an additional 243,974 shares during the period. Columbus Circle Investors acquired a new position in shares of PVH in the third quarter worth about $30,247,000. Dana Investment Advisors Inc. raised its position in shares of PVH by 549.5% in the third quarter. Dana Investment Advisors Inc. now owns 280,931 shares of the textile maker’s stock worth $35,414,000 after acquiring an additional 237,679 shares during the period. Finally, Davidson Kempner Capital Management LP acquired a new position in shares of PVH in the third quarter worth about $18,909,000. 93.70% of the stock is currently owned by institutional investors.
A number of research analysts have weighed in on the stock. Deutsche Bank upgraded shares of PVH from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a research report on Wednesday, February 7th. ValuEngine upgraded shares of PVH from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Piper Jaffray Companies upped their price objective on shares of PVH to $173.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Barclays upped their price objective on shares of PVH from $156.00 to $166.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Finally, Zacks Investment Research downgraded shares of PVH from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $149.76.
PVH (NYSE:PVH) last released its quarterly earnings results 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 net margin of 6.22% and a return on equity of 11.95%. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the firm earned $2.60 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. analysts forecast that PVH Corp will post 7.82 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, February 28th will be given a dividend of $0.038 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.10%. PVH’s dividend payout ratio (DPR) is presently 2.23%.
In related news, insider Melanie Steiner sold 320 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $136.99, for a total transaction of $43,836.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Fischer sold 891 shares of the company’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $147.34, for a total transaction of $131,279.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 392,290 shares of company stock valued at $52,131,795. Insiders own 1.30% of the company’s stock.
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PVH 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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