NN Investment Partners Holdings N.V. trimmed its position in shares of PVH Corp (NYSE:PVH) by 7.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 143,236 shares of the textile maker’s stock after selling 11,258 shares during the quarter. NN Investment Partners Holdings N.V. owned approximately 0.19% of PVH worth $20,683,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fort L.P. purchased a new stake in shares of PVH in the second quarter valued at $115,000. Opera Trading Capital purchased a new stake in shares of PVH in the second quarter valued at $120,000. Advisors Asset Management Inc. lifted its position in shares of PVH by 709.9% in the second 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. purchased a new stake in shares of PVH in the second quarter valued at $212,000. Finally, Exane Asset Management purchased a new stake in shares of PVH in the second quarter valued at $224,000. Institutional investors own 95.65% of the company’s stock.
Several analysts have recently issued reports on the company. Piper Jaffray Companies set a $177.00 price objective on PVH and gave the company a “buy” rating in a research report on Thursday, August 30th. Deutsche Bank upped their price objective on PVH from $171.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. Zacks Investment Research upgraded PVH from a “hold” rating to a “buy” rating and set a $166.00 price objective on the stock in a research report on Friday, August 17th. Bank of America set a $180.00 price objective on PVH and gave the company a “buy” rating in a research report on Thursday, August 30th. Finally, DA Davidson initiated coverage on PVH in a research note on Tuesday, September 25th. They issued a “buy” rating and a $167.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. PVH has a consensus rating of “Buy” and an average price target of $170.30.
PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, August 29th. The textile maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.29 billion. PVH had a return on equity of 13.07% and a net margin of 7.28%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.69 earnings per share. As a group, analysts predict that PVH Corp will post 9.27 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Wednesday, November 28th will be given a dividend of $0.0375 per share. 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 payout ratio 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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