Stevens Capital Management LP Takes $9.61 Million Position in PVH Corp. (PVH)
Stevens Capital Management LP acquired a new stake in PVH Corp. (NYSE:PVH) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 76,208 shares of the textile maker’s stock, valued at approximately $9,607,000. Stevens Capital Management LP owned approximately 0.10% of PVH Corp. as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the company. State Board of Administration of Florida Retirement System raised its stake in shares of PVH Corp. by 1.6% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 125,666 shares of the textile maker’s stock valued at $15,841,000 after buying an additional 1,930 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of PVH Corp. by 3,135.9% in the 3rd quarter. Wedge Capital Management L L P NC now owns 251,754 shares of the textile maker’s stock valued at $31,736,000 after buying an additional 243,974 shares in the last quarter. Artemis Investment Management LLP raised its stake in shares of PVH Corp. by 68.2% in the 3rd quarter. Artemis Investment Management LLP now owns 67,800 shares of the textile maker’s stock valued at $8,546,000 after buying an additional 27,500 shares in the last quarter. YorkBridge Wealth Partners LLC acquired a new position in shares of PVH Corp. in the 3rd quarter valued at $108,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of PVH Corp. in the 3rd quarter valued at $1,158,000. Institutional investors own 95.76% of the company’s stock.
Shares of PVH Corp. (NYSE:PVH) traded down $0.44 during midday trading on Tuesday, hitting $126.93. 16,595 shares of the stock traded hands, compared to its average volume of 698,785. The company has a market cap of $9,830.00, a price-to-earnings ratio of 17.70, a PEG ratio of 1.26 and a beta of 0.59. The company has a quick ratio of 0.88, a current ratio of 1.80 and a debt-to-equity ratio of 0.63. PVH Corp. has a one year low of $84.53 and a one year high of $133.24.
PVH Corp. (NYSE:PVH) last issued its earnings results on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.04. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.02 billion. PVH Corp. had a net margin of 4.96% and a return on equity of 11.67%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.47 EPS. equities research analysts expect that PVH Corp. will post 7.72 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 22nd will be paid a $0.038 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend is Tuesday, November 21st. PVH Corp.’s dividend payout ratio (DPR) is presently 2.87%.
In other news, CEO Francis K. Duane sold 24,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $126.86, for a total value of $3,044,640.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP David F. Kozel sold 8,867 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $125.19, for a total transaction of $1,110,059.73. The disclosure for this sale can be found here. Insiders sold a total of 39,307 shares of company stock worth $4,980,787 in the last ninety days. Insiders own 1.50% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Credit Suisse Group set a $136.00 target price on shares of PVH Corp. and gave the stock a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of PVH Corp. from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research report on Thursday, August 24th. ValuEngine cut shares of PVH Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Buckingham Research increased their target price on shares of PVH Corp. from $142.00 to $143.00 and gave the stock a “buy” rating in a research report on Friday, August 25th. Finally, Deutsche Bank AG assumed coverage on shares of PVH Corp. in a research report on Monday, October 23rd. They set a “hold” rating and a $131.00 target price for the company. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $138.71.
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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