Great West Life Assurance Co. Can Has $7.09 Million Holdings in PVH Corp. (PVH)

Great West Life Assurance Co. Can trimmed its position in shares of PVH Corp. (NYSE:PVH) by 1.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,560 shares of the textile maker’s stock after selling 952 shares during the period. Great West Life Assurance Co. Can owned approximately 0.07% of PVH worth $7,089,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PVH. Advisors Asset Management Inc. grew its stake in PVH by 28.2% during the second quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock worth $106,000 after buying an additional 204 shares in the last quarter. YorkBridge Wealth Partners LLC acquired a new stake in PVH during the third quarter worth about $108,000. Fiduciary Trust Co. acquired a new stake in PVH during the second quarter worth about $138,000. Rational Advisors LLC acquired a new stake in PVH during the second quarter worth about $183,000. Finally, Penserra Capital Management LLC grew its stake in PVH by 24.7% during the second quarter. Penserra Capital Management LLC now owns 1,664 shares of the textile maker’s stock worth $190,000 after buying an additional 330 shares in the last quarter. Hedge funds and other institutional investors own 93.75% of the company’s stock.

A number of equities research analysts have recently weighed in on PVH shares. Credit Suisse Group set a $136.00 price target on shares of PVH and gave the company a “buy” rating in a research note on Friday, August 18th. Zacks Investment Research upgraded shares of PVH from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Thursday, August 24th. ValuEngine downgraded shares of PVH from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Buckingham Research raised their price target on shares of PVH from $142.00 to $143.00 and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, Deutsche Bank started coverage on shares of PVH in a research note on Monday, October 23rd. They issued a “hold” rating and a $131.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $143.94.

In related news, SVP James Holmes sold 851 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $126.99, for a total value of $108,068.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by company insiders.

Shares of PVH Corp. (NYSE PVH) traded down $0.32 during midday trading on Thursday, reaching $133.28. 814,300 shares of the company were exchanged, compared to its average volume of 1,018,151. The company has a market cap of $10,277.76, a price-to-earnings ratio of 17.60, a PEG ratio of 1.31 and a beta of 0.61. PVH Corp. has a 1-year low of $84.53 and a 1-year high of $139.51. The company has a current ratio of 1.82, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61.

PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, November 29th. The textile maker reported $3.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.11. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.34 billion. PVH had a net margin of 6.22% and a return on equity of 11.95%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business earned $2.60 EPS. analysts predict that PVH Corp. will post 7.8 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, November 22nd will be issued a $0.038 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. PVH’s dividend payout ratio (DPR) is presently 2.23%.

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PVH Company Profile

PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.

Institutional Ownership by Quarter for PVH (NYSE:PVH)

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