PVH Corp (PVH) Shares Sold by Panagora Asset Management Inc.
Panagora Asset Management Inc. cut its stake in shares of PVH Corp (NYSE:PVH) by 93.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,234 shares of the textile maker’s stock after selling 151,581 shares during the quarter. Panagora Asset Management Inc.’s holdings in PVH were worth $1,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in PVH. Fort L.P. bought a new stake in PVH during the second quarter valued at approximately $115,000. Opera Trading Capital bought a new stake in PVH during the second quarter valued at approximately $120,000. SRS Capital Advisors Inc. bought a new stake in PVH during the third quarter valued at approximately $125,000. Advisors Asset Management Inc. lifted its position in PVH by 709.9% during the second quarter. Advisors Asset Management Inc. now owns 4,681 shares of the textile maker’s stock valued at $131,000 after purchasing an additional 4,103 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in PVH during the second quarter valued at approximately $212,000. Institutional investors and hedge funds own 95.14% of the company’s stock.
Shares of PVH opened at $93.21 on Friday. The company has a market capitalization of $7.06 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 0.78 and a beta of 0.88. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.74 and a quick ratio of 0.85. PVH Corp has a fifty-two week low of $92.73 and a fifty-two week high of $169.22.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Wednesday, November 28th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. PVH’s payout ratio is 1.89%.
Several equities research analysts have issued reports on PVH shares. Piper Jaffray Companies set a $150.00 target price on shares of PVH and gave the company a “buy” rating in a research report on Friday, November 30th. Guggenheim reiterated a “buy” rating and set a $150.00 target price on shares of PVH in a research report on Sunday, December 2nd. Goldman Sachs Group upgraded shares of PVH from a “sell” rating to a “neutral” rating and dropped their target price for the company from $142.00 to $130.00 in a research report on Friday, November 9th. Nomura dropped their target price on shares of PVH from $128.00 to $123.00 and set a “neutral” rating for the company in a research report on Monday, December 3rd. Finally, Wells Fargo & Co set a $140.00 price objective on shares of PVH and gave the stock a “buy” rating in a report on Sunday, December 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $154.10.
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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.
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