First Republic Investment Management Inc. lifted its stake in shares of PVH Corp (NYSE:PVH) by 31.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,183 shares of the textile maker’s stock after buying an additional 1,236 shares during the quarter. First Republic Investment Management Inc.’s holdings in PVH were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. LS Investment Advisors LLC lifted its position in PVH by 6.8% during the second quarter. LS Investment Advisors LLC now owns 5,612 shares of the textile maker’s stock valued at $531,000 after purchasing an additional 355 shares during the period. Calamos Advisors LLC increased its stake in shares of PVH by 5.2% in the second quarter. Calamos Advisors LLC now owns 42,313 shares of the textile maker’s stock worth $4,005,000 after purchasing an additional 2,108 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of PVH by 7.2% in the second quarter. JPMorgan Chase & Co. now owns 5,681,044 shares of the textile maker’s stock worth $529,929,000 after purchasing an additional 383,485 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in PVH by 4.2% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 78,354 shares of the textile maker’s stock valued at $7,309,000 after acquiring an additional 3,156 shares in the last quarter. Finally, Stone Ridge Asset Management LLC grew its stake in PVH by 88.8% during the second quarter. Stone Ridge Asset Management LLC now owns 5,315 shares of the textile maker’s stock valued at $503,000 after acquiring an additional 2,500 shares in the last quarter. Institutional investors own 96.41% of the company’s stock.
In other news, Director Henry Nasella bought 6,250 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average price of $80.37 per share, for a total transaction of $502,312.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Emanuel Chirico acquired 133,155 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average price of $74.99 per share, with a total value of $9,985,293.45. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.
Several equities analysts have commented on the stock. Deutsche Bank lowered their price objective on shares of PVH from $178.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. Sanford C. Bernstein upgraded shares of PVH from a “market perform” rating to an “outperform” rating and set a $98.00 price objective for the company in a research report on Tuesday, September 3rd. DA Davidson decreased their price objective on shares of PVH to $105.00 and set a “buy” rating for the company in a report on Friday, May 31st. Credit Suisse Group lifted their price objective on shares of PVH from $97.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Finally, Wells Fargo & Co decreased their price objective on shares of PVH from $120.00 to $95.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. PVH has a consensus rating of “Buy” and a consensus price target of $106.55.
Shares of PVH traded up $0.22 during mid-day trading on Friday, hitting $90.61. 1,011,887 shares of the company’s stock were exchanged, compared to its average volume of 1,328,109. The stock’s 50-day moving average is $78.44 and its 200-day moving average is $100.66. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 9.44, a P/E/G ratio of 0.92 and a beta of 1.43. PVH Corp has a fifty-two week low of $67.41 and a fifty-two week high of $145.25. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 1.40.
PVH (NYSE:PVH) last issued its quarterly earnings results on Wednesday, August 28th. The textile maker reported $2.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.21. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.33 billion. PVH had a return on equity of 12.64% and a net margin of 6.96%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the company earned $2.18 earnings per share. As a group, equities research analysts anticipate that PVH Corp will post 9.4 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, August 30th will be given a dividend of $0.038 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date is Thursday, August 29th. This is a boost from PVH’s previous quarterly dividend of $0.04. PVH’s dividend payout ratio (DPR) is currently 1.56%.
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, 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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