MANA Advisors LLC acquired a new stake in shares of PVH (NYSE:PVH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,148 shares of the textile maker’s stock, valued at approximately $432,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Penserra Capital Management LLC boosted its position in PVH by 18.6% during the 4th quarter. Penserra Capital Management LLC now owns 2,240 shares of the textile maker’s stock valued at $307,000 after acquiring an additional 352 shares in the last quarter. CLS Investments LLC lifted its holdings in shares of PVH by 3.3% during the 4th quarter. CLS Investments LLC now owns 11,738 shares of the textile maker’s stock valued at $1,611,000 after purchasing an additional 377 shares during the last quarter. Global X MANAGEMENT CO LLC lifted its holdings in shares of PVH by 6.3% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 6,805 shares of the textile maker’s stock valued at $858,000 after purchasing an additional 406 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in PVH by 1.3% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 32,118 shares of the textile maker’s stock worth $4,049,000 after acquiring an additional 416 shares during the last quarter. Finally, Norinchukin Bank The raised its stake in PVH by 7.4% in the 4th quarter. Norinchukin Bank The now owns 6,191 shares of the textile maker’s stock worth $849,000 after acquiring an additional 429 shares during the last quarter. Hedge funds and other institutional investors own 96.16% of the company’s stock.
In other news, EVP Mark D. Fischer sold 2,300 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $140.50, for a total value of $323,150.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Steven B. Shiffman sold 3,100 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $143.76, for a total transaction of $445,656.00. The disclosure for this sale can be found here. Insiders sold 6,291 shares of company stock valued at $900,086 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.
Shares of PVH stock traded down $0.51 on Monday, reaching $150.92. 1,747,630 shares of the stock were exchanged, compared to its average volume of 839,025. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.55. The company has a market cap of $11,649.41, a P/E ratio of 19.01, a PEG ratio of 1.25 and a beta of 0.74. PVH has a twelve month low of $96.85 and a twelve month high of $157.96.
PVH (NYSE:PVH) last issued its earnings results on Wednesday, March 28th. The textile maker reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.11. PVH had a net margin of 6.03% and a return on equity of 12.03%. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the previous year, the firm posted $1.23 earnings per share. The company’s revenue was up 18.5% compared to the same quarter last year. equities analysts forecast that PVH will post 9.08 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 28th. Shareholders of record on Wednesday, February 28th were paid a $0.038 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $0.15 annualized dividend and a yield of 0.10%. PVH’s dividend payout ratio is presently 1.89%.
PVH has been the subject of a number of recent research reports. Wells Fargo lifted their price objective on PVH from $158.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, January 3rd. Zacks Investment Research cut PVH from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Instinet initiated coverage on PVH in a research report on Thursday, February 15th. They set a “neutral” rating and a $150.00 target price on the stock. Credit Suisse Group initiated coverage on PVH in a report on Monday, March 12th. They issued an “outperform” rating and a $175.00 price objective on the stock. Finally, Deutsche Bank upgraded PVH from a “hold” rating to a “buy” rating and set a $131.00 price objective on the stock in a report on Wednesday, February 7th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. PVH currently has a consensus rating of “Buy” and a consensus target price of $157.39.
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PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail segments. It designs, markets, and retails men's and women's apparel and accessories, branded dress shirts, neckwear, sportswear, jeans wear, intimate apparel, swim products, handbags, footwear, golf apparel, fragrances, cosmetics, eyewear, socks, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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