Swiss National Bank cut its stake in shares of PVH Corp. (NYSE:PVH) by 0.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 160,600 shares of the textile maker’s stock after selling 200 shares during the quarter. Swiss National Bank’s holdings in PVH were worth $15,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in PVH. Prospera Financial Services Inc bought a new stake in PVH during the third quarter valued at approximately $38,000. Daiwa Securities Group Inc. lifted its holdings in shares of PVH by 85.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 411 shares of the textile maker’s stock worth $39,000 after acquiring an additional 189 shares during the last quarter. Chiron Capital Management LLC bought a new stake in shares of PVH in the 3rd quarter worth approximately $48,000. Harvest Fund Management Co. Ltd bought a new stake in shares of PVH in the 3rd quarter worth approximately $61,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of PVH by 87.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,072 shares of the textile maker’s stock worth $63,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 96.70% of the company’s stock.
A number of equities research analysts have recently weighed in on PVH shares. Citigroup boosted their price objective on shares of PVH from $92.00 to $105.00 in a report on Wednesday, January 27th. Wells Fargo & Company boosted their price objective on shares of PVH from $75.00 to $90.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 22nd. Barclays boosted their price objective on shares of PVH from $58.00 to $75.00 and gave the stock an “underweight” rating in a report on Tuesday, December 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of PVH from $87.00 to $112.00 and gave the stock a “hold” rating in a report on Thursday, January 21st. Finally, CL King lowered shares of PVH from a “strong-buy” rating to a “buy” rating and set a $91.00 price target for the company. in a report on Thursday, December 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $91.00.
PVH (NYSE:PVH) last issued its quarterly earnings data on Tuesday, December 1st. The textile maker reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $1.08. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2 billion. PVH had a negative net margin of 14.99% and a positive return on equity of 0.52%. The company’s quarterly revenue was down 18.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.10 EPS. Analysts predict that PVH Corp. will post -1.95 EPS for the current fiscal year.
In other news, CFO Michael A. Shaffer sold 23,325 shares of the company’s stock in a transaction dated Tuesday, January 12th. The shares were sold at an average price of $107.92, for a total value of $2,517,234.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Emanuel Chirico sold 378,622 shares of the company’s stock in a transaction dated Friday, December 4th. The stock was sold at an average price of $90.47, for a total transaction of $34,253,932.34. The disclosure for this sale can be found here. Insiders sold a total of 454,181 shares of company stock worth $41,467,269 over the last ninety days. Insiders own 1.70% of the company’s stock.
PVH Corp. operates as an apparel company in the United States and internationally. 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 and women's apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, outerwear, luggage products, swimwear, swim products, handbags, accessories, footwear, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, bath products, cosmetics, furnishings, small leather goods, accessories, and other products.
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