Securian Asset Management Inc Sells 200 Shares of PVH Corp. (NYSE:PVH)

Securian Asset Management Inc reduced its holdings in shares of PVH Corp. (NYSE:PVH) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,755 shares of the textile maker’s stock after selling 200 shares during the period. Securian Asset Management Inc’s holdings in PVH were worth $619,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Pzena Investment Management LLC grew its holdings in PVH by 8.7% in the second quarter. Pzena Investment Management LLC now owns 7,768,634 shares of the textile maker’s stock worth $835,827,000 after purchasing an additional 618,798 shares during the period. Geode Capital Management LLC grew its stake in shares of PVH by 1.0% in the 1st quarter. Geode Capital Management LLC now owns 1,314,335 shares of the textile maker’s stock worth $138,709,000 after buying an additional 13,284 shares during the last quarter. Viking Global Investors LP increased its position in PVH by 12.7% during the 1st quarter. Viking Global Investors LP now owns 933,212 shares of the textile maker’s stock valued at $98,641,000 after buying an additional 105,320 shares in the last quarter. Eaton Vance Management raised its stake in PVH by 4.8% during the first quarter. Eaton Vance Management now owns 435,993 shares of the textile maker’s stock valued at $46,085,000 after buying an additional 19,948 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in PVH by 1.1% in the second quarter. New York State Common Retirement Fund now owns 338,743 shares of the textile maker’s stock worth $36,445,000 after acquiring an additional 3,784 shares in the last quarter. 98.38% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Michael A. Shaffer sold 12,070 shares of the business’s stock in a transaction on Thursday, September 2nd. The shares were sold at an average price of $120.96, for a total value of $1,459,987.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Emanuel Chirico sold 139,222 shares of PVH stock in a transaction on Thursday, September 2nd. The shares were sold at an average price of $119.93, for a total transaction of $16,696,894.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 156,864 shares of company stock valued at $18,833,155. Company insiders own 1.00% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Piper Sandler upped their price target on shares of PVH from $128.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 1st. UBS Group increased their price target on shares of PVH from $145.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, September 2nd. Royal Bank of Canada boosted their price objective on shares of PVH from $106.00 to $112.00 and gave the stock a “sector perform” rating in a report on Friday, June 4th. They noted that the move was a valuation call. increased their target price on PVH from $112.00 to $118.00 and gave the company a “neutral” rating in a research note on Tuesday, June 8th. Finally, Morgan Stanley upped their price target on PVH from $124.00 to $134.00 and gave the company an “overweight” rating in a report on Thursday, September 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, PVH currently has an average rating of “Hold” and a consensus target price of $118.58.

Shares of PVH stock opened at $109.98 on Friday. The stock’s fifty day moving average is $107.67 and its 200 day moving average is $107.88. PVH Corp. has a one year low of $57.35 and a one year high of $121.94. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.92 and a current ratio of 1.48. The stock has a market cap of $7.81 billion, a P/E ratio of 27.09, a P/E/G ratio of 0.33 and a beta of 2.36.

PVH (NYSE:PVH) last posted its quarterly earnings data on Monday, August 30th. The textile maker reported $2.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $1.52. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.14 billion. PVH had a return on equity of 8.36% and a net margin of 3.42%. The business’s quarterly revenue was up 46.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS. Analysts predict that PVH Corp. will post 8.63 EPS for the current year.

PVH Profile

PVH Corp. engages in the design and marketing of branded dress shirts, neckwear, sportswear, jeans wear, intimate apparel, swim products, handbags, footwear, and other related products. It operates through the following segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail.

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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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