Bridgewater Associates LP Has $10.56 Million Position in PVH Corp. (PVH)
Bridgewater Associates LP grew its stake in shares of PVH Corp. (NYSE:PVH) by 48.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,217 shares of the textile maker’s stock after acquiring an additional 29,975 shares during the period. Bridgewater Associates LP owned about 0.12% of PVH Corp. worth $10,559,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in PVH. Great West Life Assurance Co. Can grew its holdings in PVH Corp. by 0.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 66,477 shares of the textile maker’s stock worth $6,872,000 after acquiring an additional 177 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in PVH Corp. by 179.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 10,893 shares of the textile maker’s stock worth $1,151,000 after acquiring an additional 7,000 shares in the last quarter. US Bancorp DE grew its holdings in PVH Corp. by 3.5% during the 1st quarter. US Bancorp DE now owns 6,158 shares of the textile maker’s stock worth $637,000 after acquiring an additional 211 shares in the last quarter. Suntrust Banks Inc. grew its holdings in PVH Corp. by 4.5% during the 1st quarter. Suntrust Banks Inc. now owns 10,844 shares of the textile maker’s stock worth $1,121,000 after acquiring an additional 462 shares in the last quarter. Finally, LS Investment Advisors LLC grew its holdings in PVH Corp. by 21.2% during the 1st quarter. LS Investment Advisors LLC now owns 3,852 shares of the textile maker’s stock worth $399,000 after acquiring an additional 675 shares in the last quarter. 95.24% of the stock is owned by institutional investors.
PVH Corp. (PVH) traded down 1.00% on Wednesday, reaching $126.81. 226,884 shares of the company’s stock were exchanged. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of 24.18 and a beta of 0.46. The firm has a 50-day moving average of $123.33 and a 200-day moving average of $107.93. PVH Corp. has a 12 month low of $84.53 and a 12 month high of $130.75.
PVH Corp. (NYSE:PVH) last posted its earnings results on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.04. PVH Corp. had a net margin of 4.96% and a return on equity of 11.67%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the firm earned $1.47 EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities analysts expect that PVH Corp. will post $7.71 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th will be issued a $0.038 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. The ex-dividend date is Tuesday, August 22nd. PVH Corp.’s payout ratio is 2.87%.
In other news, EVP Mark D. Fischer sold 5,589 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $128.47, for a total value of $718,018.83. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Dana Perlman sold 769 shares of the company’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $114.77, for a total transaction of $88,258.13. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,750 shares of company stock worth $10,368,221. 1.50% of the stock is owned by insiders.
PVH has been the subject of several recent analyst reports. Credit Suisse Group set a $136.00 price objective on shares of PVH Corp. and gave the stock a “buy” rating in a report on Friday, August 18th. Zacks Investment Research raised shares of PVH Corp. from a “hold” rating to a “buy” rating and set a $112.00 price objective for the company in a report on Monday, May 22nd. ValuEngine lowered shares of PVH Corp. from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Buckingham Research raised their price objective on shares of PVH Corp. from $142.00 to $143.00 and gave the stock a “buy” rating in a report on Friday, August 25th. Finally, B. Riley reissued a “buy” rating and set a $128.00 price objective on shares of PVH Corp. in a report on Sunday, June 4th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. PVH Corp. currently has an average rating of “Buy” and an average price target of $137.31.
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PVH Corp. 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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