Neuberger Berman Group LLC lifted its stake in PVH Corp (NYSE:PVH) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 900,625 shares of the textile maker’s stock after purchasing an additional 11,213 shares during the period. Neuberger Berman Group LLC owned 1.16% of PVH worth $113,533,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of PVH. First Allied Advisory Services Inc. increased its stake in shares of PVH by 2.7% in the 2nd quarter. First Allied Advisory Services Inc. now owns 2,202 shares of the textile maker’s stock worth $249,000 after acquiring an additional 57 shares in the last quarter. Sentry Investment Management LLC increased its stake in shares of PVH by 1.0% in the 2nd quarter. Sentry Investment Management LLC now owns 6,309 shares of the textile maker’s stock worth $722,000 after acquiring an additional 65 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of PVH by 4.0% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,677 shares of the textile maker’s stock worth $307,000 after acquiring an additional 104 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of PVH by 0.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 14,310 shares of the textile maker’s stock worth $1,638,000 after acquiring an additional 107 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of PVH by 28.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock worth $106,000 after acquiring an additional 204 shares in the last quarter. 94.36% of the stock is owned by hedge funds and other institutional investors.
In other PVH news, CEO Emanuel Chirico sold 370,327 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $132.56, for a total transaction of $49,090,547.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James Holmes sold 851 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $126.99, for a total transaction of $108,068.49. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
Several research analysts recently issued reports on PVH shares. Deutsche Bank started coverage on shares of PVH in a research note on Monday, October 23rd. They issued a “hold” rating and a $131.00 price target for the company. Cowen set a $145.00 price target on shares of PVH and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Zacks Investment Research lowered shares of PVH from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. Citigroup increased their price target on shares of PVH from $125.00 to $148.00 and gave the stock a “neutral” rating in a research note on Friday, August 25th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $148.00 price target on shares of PVH in a research note on Wednesday, November 1st. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. PVH presently has an average rating of “Buy” and a consensus price target of $143.94.
Shares of PVH Corp (NYSE:PVH) opened at $134.04 on Friday. The firm has a market cap of $10,130.83, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.30 and a beta of 0.61. 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 Corp has a 12 month low of $84.53 and a 12 month high of $139.51.
PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, November 29th. The textile maker reported $3.02 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $0.11. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.34 billion. PVH had a net margin of 6.22% and a return on equity of 11.95%. PVH’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $2.60 EPS. equities research analysts predict that PVH Corp will post 7.81 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 22nd will be paid a dividend of $0.038 per share. The ex-dividend date 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 currently 2.23%.
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PVH Company Profile
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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