Biltmore Wealth Management LLC increased its position in PVH Corp. (NYSE:PVH) by 0.0% during the second quarter, Holdings Channel reports. The firm owned 6,720 shares of the textile maker’s stock after buying an additional 1 shares during the period. PVH Corp. accounts for approximately 0.9% of Biltmore Wealth Management LLC’s portfolio, making the stock its 16th largest position. Biltmore Wealth Management LLC’s holdings in PVH Corp. were worth $769,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wilbanks Smith & Thomas Asset Management LLC boosted its stake in shares of PVH Corp. by 0.4% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 3,573 shares of the textile maker’s stock worth $370,000 after buying an additional 14 shares during the period. LS Investment Advisors LLC raised its position in shares of PVH Corp. by 1.3% in the second quarter. LS Investment Advisors LLC now owns 3,904 shares of the textile maker’s stock valued at $447,000 after buying an additional 52 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of PVH Corp. by 0.7% in the second quarter. Capstone Asset Management Co. now owns 8,949 shares of the textile maker’s stock valued at $1,025,000 after buying an additional 64 shares in the last quarter. Allen Investment Management LLC raised its position in shares of PVH Corp. by 2.8% in the first quarter. Allen Investment Management LLC now owns 3,429 shares of the textile maker’s stock valued at $355,000 after buying an additional 92 shares in the last quarter. Finally, Xact Kapitalforvaltning AB raised its position in shares of PVH Corp. by 0.7% in the second quarter. Xact Kapitalforvaltning AB now owns 13,982 shares of the textile maker’s stock valued at $1,601,000 after buying an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 97.42% of the company’s stock.

PVH Corp. (NYSE PVH) opened at 121.63 on Friday. PVH Corp. has a 52-week low of $84.53 and a 52-week high of $126.11. The stock has a market cap of $9.47 billion, a P/E ratio of 25.15 and a beta of 0.51. The stock has a 50 day moving average price of $116.04 and a 200 day moving average price of $102.44.

PVH Corp. (NYSE:PVH) last announced its quarterly earnings results on Wednesday, May 24th. The textile maker reported $1.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.05. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. PVH Corp. had a return on equity of 11.57% and a net margin of 4.69%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.50 EPS. On average, equities research analysts forecast that PVH Corp. will post $7.52 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th will be 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 of this dividend is Tuesday, August 22nd. PVH Corp.’s dividend payout ratio (DPR) is 3.11%.

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Several brokerages recently issued reports on PVH. Zacks Investment Research raised PVH Corp. from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research report on Thursday, June 22nd. BidaskClub raised PVH Corp. from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Buckingham Research reaffirmed a “buy” rating and set a $127.00 target price on shares of PVH Corp. in a research report on Monday, July 17th. Cowen and Company set a $120.00 target price on PVH Corp. and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Piper Jaffray Companies set a $120.00 target price on PVH Corp. and gave the company a “buy” rating in a research report on Thursday, May 25th. Three research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $126.53.

In related news, CEO Francis K. Duane sold 2,497 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $105.99, for a total value of $264,657.03. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Dana Perlman sold 769 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $114.77, for a total value of $88,258.13. The disclosure for this sale can be found here. Insiders have sold a total of 59,627 shares of company stock worth $6,584,743 in the last three months. Corporate 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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Institutional Ownership by Quarter for PVH Corp. (NYSE:PVH)

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