Aperio Group LLC lessened its stake in shares of PVH Corp (NYSE:PVH) by 4.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,822 shares of the textile maker’s stock after selling 1,892 shares during the quarter. Aperio Group LLC’s holdings in PVH were worth $6,184,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in PVH. Fort L.P. bought a new stake in PVH during the 2nd quarter valued at $115,000. Opera Trading Capital bought a new stake in PVH during the 2nd quarter valued at $120,000. Advisors Asset Management Inc. boosted its position in PVH by 709.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 4,681 shares of the textile maker’s stock valued at $131,000 after acquiring an additional 4,103 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in PVH during the 2nd quarter valued at $212,000. Finally, Exane Asset Management purchased a new stake in shares of PVH during the 2nd quarter valued at $224,000. 95.65% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently commented on PVH. Zacks Investment Research lowered PVH from a “buy” rating to a “hold” rating in a report on Tuesday, August 21st. ValuEngine upgraded PVH from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. DA Davidson began coverage on PVH in a report on Tuesday, September 25th. They set a “buy” rating and a $167.00 price objective for the company. Buckingham Research decreased their price objective on PVH from $188.00 to $176.00 and set a “buy” rating for the company in a report on Wednesday, October 17th. Finally, Piper Jaffray Companies set a $177.00 price objective on PVH and gave the company a “buy” rating in a report on Thursday, August 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $170.30.
PVH (NYSE:PVH) last issued its earnings results on Wednesday, August 29th. The textile maker reported $2.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.09 by $0.09. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.29 billion. PVH had a return on equity of 13.07% and a net margin of 7.28%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the business posted $1.69 EPS. Analysts forecast that PVH Corp will post 9.27 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Wednesday, November 28th will be paid a $0.0375 dividend. The ex-dividend date is Tuesday, November 27th. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. PVH’s dividend payout ratio (DPR) is 1.89%.
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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