PVH Corp. (PVH) Shares Sold by Tocqueville Asset Management L.P.
Tocqueville Asset Management L.P. cut its stake in shares of PVH Corp. (NYSE:PVH) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,806 shares of the company’s stock after selling 460 shares during the period. Tocqueville Asset Management L.P.’s holdings in PVH Corp. were worth $5,353,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the stock. Daiwa Securities Group Inc. raised its position in shares of PVH Corp. by 11.1% in the second quarter. Daiwa Securities Group Inc. now owns 2,000 shares of the company’s stock valued at $188,000 after buying an additional 200 shares during the last quarter. ING Groep NV purchased a new position in shares of PVH Corp. during the second quarter valued at about $266,000. Sentry Investment Management LLC raised its position in shares of PVH Corp. by 68.5% in the first quarter. Sentry Investment Management LLC now owns 2,981 shares of the company’s stock valued at $295,000 after buying an additional 1,212 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of PVH Corp. by 11.9% in the second quarter. Acadian Asset Management LLC now owns 3,420 shares of the company’s stock valued at $322,000 after buying an additional 365 shares during the last quarter. Finally, Springbok Capital Management LLC purchased a new position in shares of PVH Corp. during the first quarter valued at about $366,000. Institutional investors and hedge funds own 95.45% of the company’s stock.
PVH Corp. (NYSE:PVH) traded up 1.28% during mid-day trading on Wednesday, reaching $111.63. 712,286 shares of the company’s stock traded hands. PVH Corp. has a 52-week low of $64.16 and a 52-week high of $115.40. The company has a market capitalization of $8.96 billion, a price-to-earnings ratio of 13.52 and a beta of 1.07. The company has a 50-day moving average of $109.25 and a 200-day moving average of $99.80.
PVH Corp. (NYSE:PVH) last posted its quarterly earnings data on Wednesday, August 24th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.18. The business earned $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. PVH Corp. had a net margin of 8.34% and a return on equity of 12.55%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $1.37 earnings per share. Equities research analysts expect that PVH Corp. will post $6.66 EPS for the current year.
A number of research firms recently issued reports on PVH. Zacks Investment Research raised PVH Corp. from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Friday, August 26th. Piper Jaffray Cos. set a $124.00 price target on PVH Corp. and gave the stock a “buy” rating in a report on Thursday, September 29th. Citigroup Inc. lowered their price target on PVH Corp. from $110.00 to $96.00 and set a “neutral” rating on the stock in a report on Friday, August 26th. Brean Capital reissued a “buy” rating on shares of PVH Corp. in a report on Thursday, September 22nd. Finally, Telsey Advisory Group raised their price target on PVH Corp. from $113.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, August 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $113.79.
In other news, EVP David F. Kozel sold 3,000 shares of the stock in a transaction that occurred on Wednesday, October 12th. The shares were sold at an average price of $111.96, for a total value of $335,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark D. Fischer sold 1,000 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $112.50, for a total transaction of $112,500.00. Following the completion of the transaction, the executive vice president now owns 16,732 shares of the company’s stock, valued at $1,882,350. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.
PVH Corp. Company Profile
PVH Corp. is an apparel company. The Company’s segments include Calvin Klein North America; Calvin Klein International; Tommy Hilfiger North America; Tommy Hilfiger International; Heritage Brands Wholesale, and Heritage Brands Retail. The Company’s brand portfolio consists of various brand names, including Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner’s, Olga and Eagle, which are owned, and Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, MICHAEL Michael Kors, Michael Kors Collection and Chaps, which are licensed, as well as various other licensed and private label brands.
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