Hartford Investment Management Co. decreased its holdings in PVH Corp. (NYSE:PVH – Get Rating) by 7.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 6,675 shares of the textile maker’s stock after selling 551 shares during the period. Hartford Investment Management Co.’s holdings in PVH were worth $511,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of PVH. Pzena Investment Management LLC grew its stake in shares of PVH by 3.4% in the fourth quarter. Pzena Investment Management LLC now owns 7,775,831 shares of the textile maker’s stock worth $829,292,000 after purchasing an additional 252,310 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of PVH by 468.8% in the first quarter. Pacer Advisors Inc. now owns 229,636 shares of the textile maker’s stock worth $17,592,000 after purchasing an additional 189,261 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of PVH by 509.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 179,440 shares of the textile maker’s stock worth $19,137,000 after purchasing an additional 150,000 shares during the last quarter. Marshall Wace LLP acquired a new position in PVH in the fourth quarter valued at $13,037,000. Finally, Hennessy Advisors Inc. acquired a new position in PVH in the fourth quarter valued at $12,350,000. 98.34% of the stock is currently owned by institutional investors.
In other PVH news, EVP Dana Perlman sold 455 shares of the company’s stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $80.50, for a total value of $36,627.50. Following the completion of the sale, the executive vice president now directly owns 16,409 shares of the company’s stock, valued at approximately $1,320,924.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.56% of the company’s stock.
Several equities analysts recently issued reports on PVH shares. Truist Financial dropped their target price on shares of PVH from $100.00 to $81.00 and set a “hold” rating on the stock in a report on Tuesday, April 5th. Morgan Stanley dropped their target price on shares of PVH from $89.00 to $83.00 and set an “equal weight” rating on the stock in a report on Friday, June 3rd. Telsey Advisory Group dropped their target price on shares of PVH from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, June 3rd. The Goldman Sachs Group dropped their target price on shares of PVH from $140.00 to $121.00 and set a “buy” rating on the stock in a report on Friday, April 1st. Finally, Credit Suisse Group dropped their target price on shares of PVH from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, June 2nd. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $104.71.
PVH opened at $57.48 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.39 and a quick ratio of 0.81. PVH Corp. has a fifty-two week low of $54.57 and a fifty-two week high of $125.42. The firm has a market capitalization of $3.85 billion, a PE ratio of 4.14, a P/E/G ratio of 0.70 and a beta of 2.08. The company’s 50-day moving average is $65.89 and its 200 day moving average is $81.91.
PVH (NYSE:PVH – Get Rating) last issued its quarterly earnings data on Wednesday, June 1st. The textile maker reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.61. PVH had a net margin of 10.71% and a return on equity of 13.94%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the firm posted $1.92 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, analysts expect that PVH Corp. will post 9 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 29th. Shareholders of record on Wednesday, June 8th were given a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Tuesday, June 7th. PVH’s payout ratio is 1.08%.
PVH Profile (Get Rating)
PVH Corp. operates as an apparel company worldwide. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men’s, women’s, and children’s apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.
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