PVH Corp. (NYSE:PVH) Shares Bought by NGAM Advisors L.P.
NGAM Advisors L.P. increased its stake in shares of PVH Corp. (NYSE:PVH) by 31.3% during the second quarter, Holdings Channel reports. The institutional investor owned 37,555 shares of the textile maker’s stock after buying an additional 8,942 shares during the period. NGAM Advisors L.P.’s holdings in PVH Corp. were worth $4,300,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in PVH. Macquarie Group Ltd. raised its stake in PVH Corp. by 180.0% in the fourth quarter. Macquarie Group Ltd. now owns 128,287 shares of the textile maker’s stock valued at $11,576,000 after buying an additional 82,472 shares in the last quarter. Prudential Financial Inc. raised its stake in PVH Corp. by 3.2% in the first quarter. Prudential Financial Inc. now owns 438,951 shares of the textile maker’s stock valued at $45,419,000 after buying an additional 13,671 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in PVH Corp. during the first quarter valued at $236,000. Global X Management Co. LLC raised its stake in PVH Corp. by 36.2% in the first quarter. Global X Management Co. LLC now owns 8,334 shares of the textile maker’s stock valued at $862,000 after buying an additional 2,214 shares in the last quarter. Finally, Regentatlantic Capital LLC raised its stake in PVH Corp. by 25.3% in the first quarter. Regentatlantic Capital LLC now owns 32,565 shares of the textile maker’s stock valued at $3,370,000 after buying an additional 6,565 shares in the last quarter. Institutional investors own 97.42% of the company’s stock.
Shares of PVH Corp. (NYSE PVH) opened at 124.09 on Tuesday. The company has a 50-day moving average price of $112.65 and a 200-day moving average price of $101.15. The company has a market capitalization of $9.66 billion, a PE ratio of 25.65 and a beta of 0.51. PVH Corp. has a 52 week low of $84.53 and a 52 week high of $124.95.
PVH Corp. (NYSE:PVH) last announced its earnings results on Wednesday, May 24th. The textile maker reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.05. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $1.50 earnings per share. Analysts predict that PVH Corp. will post $7.52 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 24th will be given a $0.038 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.15 annualized dividend and a yield of 0.12%. PVH Corp.’s payout ratio is 3.11%.
Several analysts have recently weighed in on PVH shares. Bank of America Corporation started coverage on shares of PVH Corp. in a research note on Thursday, August 3rd. They issued a “buy” rating and a $146.00 price objective for the company. Zacks Investment Research downgraded shares of PVH Corp. from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Credit Suisse Group raised shares of PVH Corp. from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $114.00 to $136.00 in a research report on Tuesday, May 30th. Citigroup Inc. lifted their price target on shares of PVH Corp. from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, May 30th. Finally, BidaskClub raised shares of PVH Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Three analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. PVH Corp. has a consensus rating of “Buy” and a consensus target price of $125.47.
In other PVH Corp. news, CEO Francis K. Duane sold 2,497 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $105.99, for a total value of $264,657.03. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP David F. Kozel sold 5,636 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $105.00, for a total value of $591,780.00. The disclosure for this sale can be found here. Insiders sold 59,627 shares of company stock worth $6,584,743 over the last three months. Insiders own 1.50% 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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