Skandinaviska Enskilda Banken AB publ Purchases 1,726 Shares of PVH Corp. (PVH)
Skandinaviska Enskilda Banken AB publ raised its position in PVH Corp. (NYSE:PVH) by 17.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,688 shares of the textile maker’s stock after purchasing an additional 1,726 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in PVH were worth $1,473,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. raised its stake in shares of PVH by 31.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,026,587 shares of the textile maker’s stock valued at $507,666,000 after purchasing an additional 952,394 shares during the period. FMR LLC increased its position in shares of PVH by 5.5% in the second quarter. FMR LLC now owns 3,587,739 shares of the textile maker’s stock valued at $410,796,000 after acquiring an additional 187,588 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of PVH by 0.4% in the second quarter. JPMorgan Chase & Co. now owns 3,219,010 shares of the textile maker’s stock valued at $368,576,000 after acquiring an additional 13,101 shares during the last quarter. Cramer Rosenthal Mcglynn LLC increased its position in shares of PVH by 8.6% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,239,768 shares of the textile maker’s stock valued at $141,953,000 after acquiring an additional 98,443 shares during the last quarter. Finally, Balyasny Asset Management LLC increased its position in shares of PVH by 136.3% in the second quarter. Balyasny Asset Management LLC now owns 1,173,862 shares of the textile maker’s stock valued at $134,407,000 after acquiring an additional 677,096 shares during the last quarter. 93.75% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PVH Corp. (NYSE PVH) traded up $0.45 during trading hours on Friday, hitting $133.73. The stock had a trading volume of 668,500 shares, compared to its average volume of 1,016,669. PVH Corp. has a 12 month low of $84.53 and a 12 month high of $139.51. The company has a market capitalization of $10,253.14, a PE ratio of 17.56, a PEG ratio of 1.31 and a beta of 0.61. The company has a current ratio of 1.82, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61.
PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, November 29th. The textile maker reported $3.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.11. PVH had a return on equity of 11.95% and a net margin of 6.22%. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the company posted $2.60 earnings per share. The business’s revenue was up 5.0% on a year-over-year basis. analysts forecast that PVH Corp. will post 7.8 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 22nd will be issued a dividend of $0.038 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend is Tuesday, November 21st. PVH’s dividend payout ratio is presently 2.23%.
A number of analysts recently issued reports on PVH shares. BidaskClub raised PVH from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th. Cowen set a $140.00 target price on PVH and gave the company a “buy” rating in a research report on Friday, August 11th. Credit Suisse Group set a $136.00 target price on PVH and gave the company a “buy” rating in a research report on Friday, August 18th. FBR & Co set a $135.00 target price on PVH and gave the company a “buy” rating in a research report on Monday, August 21st. Finally, Zacks Investment Research downgraded PVH from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. PVH has a consensus rating of “Buy” and a consensus target price of $143.94.
In other news, SVP James Holmes sold 851 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $126.99, for a total transaction of $108,068.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.30% of the company’s stock.
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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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