Quantbot Technologies LP Takes $2.99 Million Position in PVH Corp. (PVH)
Quantbot Technologies LP acquired a new stake in PVH Corp. (NYSE:PVH) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 23,693 shares of the textile maker’s stock, valued at approximately $2,986,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Comerica Bank raised its stake in PVH Corp. by 8.1% in the 3rd quarter. Comerica Bank now owns 21,971 shares of the textile maker’s stock valued at $2,798,000 after acquiring an additional 1,651 shares during the period. TCW Group Inc. raised its stake in PVH Corp. by 6.8% in the 3rd quarter. TCW Group Inc. now owns 12,075 shares of the textile maker’s stock valued at $1,522,000 after acquiring an additional 767 shares during the period. Teacher Retirement System of Texas bought a new stake in PVH Corp. in the 3rd quarter valued at about $3,252,000. Rhumbline Advisers raised its stake in PVH Corp. by 3.0% in the 3rd quarter. Rhumbline Advisers now owns 155,887 shares of the textile maker’s stock valued at $19,651,000 after acquiring an additional 4,545 shares during the period. Finally, Advisor Group Inc. raised its stake in PVH Corp. by 28.5% in the 3rd quarter. Advisor Group Inc. now owns 12,142 shares of the textile maker’s stock valued at $1,531,000 after acquiring an additional 2,695 shares during the period. Institutional investors and hedge funds own 96.45% of the company’s stock.
In other news, CEO Francis K. Duane sold 24,000 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $126.86, for a total transaction of $3,044,640.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David F. Kozel sold 8,867 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $125.19, for a total value of $1,110,059.73. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,307 shares of company stock valued at $4,980,787. Insiders own 1.30% of the company’s stock.
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Shares of PVH Corp. (PVH) traded up $3.06 on Friday, reaching $129.94. The company’s stock had a trading volume of 684,400 shares, compared to its average volume of 1,008,423. The stock has a market capitalization of $10,060.00, a price-to-earnings ratio of 17.70, a P/E/G ratio of 1.26 and a beta of 0.59. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.88 and a current ratio of 1.80. PVH Corp. has a 1-year low of $84.53 and a 1-year high of $133.24.
PVH Corp. (NYSE:PVH) last released its quarterly earnings data on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.02 billion. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.47 earnings per share. equities research analysts anticipate that PVH Corp. will post 7.73 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 22nd will be paid a dividend of $0.038 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date is Tuesday, November 21st. PVH Corp.’s dividend payout ratio (DPR) is presently 2.87%.
PVH has been the topic of several analyst reports. Credit Suisse Group set a $136.00 price target on PVH Corp. and gave the company a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded PVH Corp. from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research report on Thursday, August 24th. ValuEngine cut PVH Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Buckingham Research upped their price target on PVH Corp. from $142.00 to $143.00 and gave the company a “buy” rating in a research report on Friday, August 25th. Finally, Deutsche Bank AG initiated coverage on PVH Corp. in a research report on Monday, October 23rd. They set a “hold” rating and a $131.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. PVH Corp. presently has an average rating of “Buy” and an average 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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