PVH Corp. (PVH) Shares Bought by Alpine Woods Capital Investors LLC
Alpine Woods Capital Investors LLC raised its holdings in PVH Corp. (NYSE:PVH) by 49.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,010 shares of the textile maker’s stock after buying an additional 1,000 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in PVH Corp. were worth $379,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in PVH. Bank of Montreal Can lifted its position in shares of PVH Corp. by 4.8% in the 2nd quarter. Bank of Montreal Can now owns 59,093 shares of the textile maker’s stock worth $6,766,000 after acquiring an additional 2,708 shares during the period. Mn Services Vermogensbeheer B.V. lifted its position in shares of PVH Corp. by 492.0% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 12,869 shares of the textile maker’s stock worth $1,474,000 after acquiring an additional 10,695 shares during the period. LS Investment Advisors LLC lifted its position in shares of PVH Corp. by 1.3% in the 2nd quarter. LS Investment Advisors LLC now owns 3,904 shares of the textile maker’s stock worth $447,000 after acquiring an additional 52 shares during the period. Aperio Group LLC lifted its position in shares of PVH Corp. by 7.4% in the 2nd quarter. Aperio Group LLC now owns 37,651 shares of the textile maker’s stock worth $4,311,000 after acquiring an additional 2,587 shares during the period. Finally, BB&T Corp lifted its position in shares of PVH Corp. by 5.0% in the 2nd quarter. BB&T Corp now owns 3,824 shares of the textile maker’s stock worth $438,000 after acquiring an additional 182 shares during the period. 96.46% of the stock is currently owned by hedge funds and other institutional investors.
PVH has been the subject of a number of research reports. Cowen and Company set a $120.00 price objective on PVH Corp. and gave the stock a “buy” rating in a research report on Thursday, July 27th. BidaskClub upgraded PVH Corp. from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Bank of America Corporation started coverage on PVH Corp. in a research report on Thursday, August 3rd. They set a “buy” rating and a $146.00 target price for the company. Piper Jaffray Companies set a $143.00 target price on PVH Corp. and gave the stock a “buy” rating in a research report on Monday, August 7th. Finally, Credit Suisse Group set a $136.00 target price on PVH Corp. and gave the stock a “buy” rating in a research report on Friday, August 18th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. PVH Corp. currently has an average rating of “Buy” and an average price target of $138.71.
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In other news, SVP James Holmes sold 851 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $126.99, for a total value of $108,068.49. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP David F. Kozel sold 8,867 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was 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. Over the last 90 days, insiders sold 39,307 shares of company stock worth $4,980,787. Corporate insiders own 1.50% of the company’s stock.
PVH Corp. (NYSE:PVH) traded down $0.26 during mid-day trading on Wednesday, reaching $136.11. The company’s stock had a trading volume of 812,500 shares, compared to its average volume of 1,008,801. The company has a current ratio of 1.80, a quick ratio of 0.88 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $10,558.37, a price-to-earnings ratio of 19.02, a PEG ratio of 1.35 and a beta of 0.59. PVH Corp. has a 52-week low of $84.53 and a 52-week high of $136.84.
PVH Corp. (NYSE:PVH) last issued its quarterly earnings results on Wednesday, August 23rd. The textile maker reported $1.69 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 11.67% and a net margin of 4.96%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.47 earnings per share. sell-side analysts expect that PVH Corp. will post 7.71 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 22nd will be issued a $0.038 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. PVH Corp.’s dividend payout ratio (DPR) is 2.87%.
About PVH Corp.
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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