Nicholas Investment Partners LP purchased a new position in PVH Corp. (NYSE:PVH) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 40,678 shares of the textile maker’s stock, valued at approximately $5,128,000. Nicholas Investment Partners LP owned 0.05% of PVH at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the business. First Allied Advisory Services Inc. boosted its position in shares of PVH by 2.7% during the 2nd quarter. First Allied Advisory Services Inc. now owns 2,202 shares of the textile maker’s stock valued at $249,000 after acquiring an additional 57 shares during the last quarter. Sentry Investment Management LLC boosted its position in shares of PVH by 1.0% during the 2nd quarter. Sentry Investment Management LLC now owns 6,309 shares of the textile maker’s stock valued at $722,000 after acquiring an additional 65 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of PVH by 4.0% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,677 shares of the textile maker’s stock valued at $307,000 after acquiring an additional 104 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of PVH by 0.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 14,310 shares of the textile maker’s stock valued at $1,638,000 after acquiring an additional 107 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of PVH by 28.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock valued at $106,000 after acquiring an additional 204 shares during the last quarter. Institutional investors and hedge funds own 93.75% of the company’s stock.
Shares of PVH Corp. (NYSE:PVH) traded down $3.03 on Tuesday, reaching $134.28. The company had a trading volume of 1,691,800 shares, compared to its average volume of 1,016,902. The company has a market capitalization of $10,631.15, a P/E ratio of 18.09, a PEG ratio of 1.35 and a beta of 0.61. PVH Corp. has a 12 month low of $84.53 and a 12 month high of $139.51. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 1.82.
PVH (NYSE:PVH) last issued its quarterly earnings results 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. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. PVH had a return on equity of 11.95% and a net margin of 6.22%. PVH’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the company earned $2.60 earnings per share. sell-side analysts anticipate that PVH Corp. will post 7.79 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, November 22nd will be given 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 yield of 0.11%. PVH’s dividend payout ratio is presently 2.23%.
In related news, SVP James Holmes sold 851 shares of the firm’s stock in a transaction on 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 filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by company insiders.
A number of research firms have recently commented on PVH. B. Riley reiterated a “buy” rating on shares of PVH in a research report on Wednesday, November 1st. Cowen set a $150.00 target price on PVH and gave the company a “buy” rating in a research report on Monday, November 27th. Wells Fargo & Company set a $158.00 target price on PVH and gave the company a “buy” rating in a research report on Thursday, November 30th. Zacks Investment Research upgraded PVH from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a research report on Friday. Finally, BidaskClub upgraded PVH from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $143.94.
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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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