Rampart Investment Management Company LLC trimmed its stake in shares of PVH Corp (NYSE:PVH) by 20.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,807 shares of the textile maker’s stock after selling 461 shares during the quarter. Rampart Investment Management Company LLC’s holdings in PVH were worth $171,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in PVH. BerganKDV Wealth Management LLC acquired a new stake in shares of PVH during the 2nd quarter worth approximately $28,000. Valeo Financial Advisors LLC raised its position in shares of PVH by 2,000.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 315 shares of the textile maker’s stock worth $30,000 after purchasing an additional 300 shares during the period. SRS Capital Advisors Inc. acquired a new stake in shares of PVH during the 2nd quarter worth approximately $94,000. Northwestern Mutual Wealth Management Co. raised its position in shares of PVH by 17.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 817 shares of the textile maker’s stock worth $100,000 after purchasing an additional 123 shares during the period. Finally, YorkBridge Wealth Partners LLC raised its position in shares of PVH by 54.2% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,135 shares of the textile maker’s stock worth $138,000 after purchasing an additional 399 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.
A number of analysts have recently weighed in on PVH shares. JPMorgan Chase & Co. dropped their price target on PVH from $139.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. Guggenheim set a $100.00 target price on PVH and gave the company a “buy” rating in a research report on Friday, August 23rd. Cowen lowered their target price on PVH from $95.00 to $80.00 and set a “market perform” rating on the stock in a research report on Thursday, August 29th. UBS Group set a $117.00 target price on PVH and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Deutsche Bank lowered their target price on PVH from $178.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, May 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $107.50.
NYSE PVH traded down $0.63 on Friday, reaching $86.11. 1,344,967 shares of the stock traded hands, compared to its average volume of 1,716,194. The firm’s fifty day simple moving average is $78.46 and its 200 day simple moving average is $99.59. The company has a quick ratio of 0.63, a current ratio of 1.40 and a debt-to-equity ratio of 0.73. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 8.97, a P/E/G ratio of 0.91 and a beta of 1.43. PVH Corp has a 12 month low of $67.41 and a 12 month high of $145.25.
PVH (NYSE:PVH) last issued its quarterly earnings results on Wednesday, August 28th. The textile maker reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.21. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.33 billion. PVH had a return on equity of 12.64% and a net margin of 6.96%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the company posted $2.18 EPS. As a group, equities research analysts forecast that PVH Corp will post 9.4 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.038 per share. This is a positive change from PVH’s previous quarterly dividend of $0.04. This represents a $0.15 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date of this dividend is Thursday, August 29th. PVH’s dividend payout ratio (DPR) is presently 1.56%.
In other news, CEO Emanuel Chirico purchased 133,155 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average cost of $74.99 per share, with a total value of $9,985,293.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Henry Nasella acquired 6,250 shares of PVH stock in a transaction dated Wednesday, September 4th. The shares were bought at an average cost of $80.37 per share, with a total value of $502,312.50. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.
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, 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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