PVH (PVH) Holdings Trimmed by AlphaMark Advisors LLC
AlphaMark Advisors LLC trimmed its holdings in PVH (NYSE:PVH) by 12.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,084 shares of the textile maker’s stock after selling 3,199 shares during the quarter. AlphaMark Advisors LLC’s holdings in PVH were worth $3,344,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Cerebellum GP LLC bought a new position in PVH in the 4th quarter worth approximately $131,000. Squar Milner Financial Services LLC bought a new position in shares of PVH during the 4th quarter valued at approximately $212,000. Conning Inc. bought a new position in shares of PVH during the 4th quarter valued at approximately $220,000. Everence Capital Management Inc. bought a new position in shares of PVH during the 4th quarter valued at approximately $248,000. Finally, CAPROCK Group Inc. bought a new position in shares of PVH during the 4th quarter valued at approximately $267,000. Institutional investors and hedge funds own 96.41% of the company’s stock.
NYSE:PVH opened at $156.24 on Friday. PVH has a fifty-two week low of $154.50 and a fifty-two week high of $156.54. The firm has a market cap of $11.91 billion, a P/E ratio of 19.68, a P/E/G ratio of 1.30 and a beta of 0.72. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.77 and a current ratio of 1.62.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 21st. Investors of record on Thursday, May 17th will be issued a dividend of $0.0375 per share. The ex-dividend date is Wednesday, May 16th. This represents a $0.15 annualized dividend and a yield of 0.10%. PVH’s payout ratio is presently 1.89%.
In other PVH news, CEO Francis K. Duane sold 22,100 shares of the stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $154.77, for a total value of $3,420,417.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Steven B. Shiffman sold 1,250 shares of the stock in a transaction on Friday, April 20th. The stock was sold at an average price of $160.04, for a total value of $200,050.00. The disclosure for this sale can be found here. Insiders have sold a total of 104,666 shares of company stock worth $16,375,545 in the last 90 days. 1.00% of the stock is currently owned by insiders.
PVH has been the subject of a number of research reports. Zacks Investment Research upgraded PVH from a “hold” rating to a “buy” rating and set a $169.00 target price for the company in a research report on Tuesday, April 3rd. Piper Jaffray increased their target price on PVH to $173.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Instinet initiated coverage on PVH in a research report on Thursday, February 15th. They set a “neutral” rating and a $150.00 target price for the company. Nomura initiated coverage on PVH in a research report on Thursday, February 15th. They set a “neutral” rating and a $150.00 target price for the company. Finally, Credit Suisse Group increased their target price on PVH from $175.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday, March 29th. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. PVH has a consensus rating of “Buy” and a consensus price target of $159.89.
PVH Company Profile
PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
Want to see what other hedge funds are holding PVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PVH (NYSE:PVH).
Receive News & Ratings for PVH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH and related companies with MarketBeat.com's FREE daily email newsletter.