PVH Corp. (NYSE:PVH) Shares Bought by Swiss National Bank

Swiss National Bank grew its holdings in PVH Corp. (NYSE:PVHFree Report) by 1.0% during the third quarter, Holdings Channel.com reports. The firm owned 137,900 shares of the textile maker’s stock after buying an additional 1,400 shares during the period. Swiss National Bank’s holdings in PVH were worth $10,551,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in shares of PVH by 26.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,407,946 shares of the textile maker’s stock valued at $204,601,000 after buying an additional 506,374 shares during the period. Invesco Ltd. grew its stake in PVH by 9.7% in the first quarter. Invesco Ltd. now owns 1,684,738 shares of the textile maker’s stock valued at $129,067,000 after purchasing an additional 148,917 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of PVH by 0.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,520,066 shares of the textile maker’s stock worth $135,529,000 after purchasing an additional 6,601 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of PVH by 943.4% during the 2nd quarter. Alliancebernstein L.P. now owns 1,353,450 shares of the textile maker’s stock valued at $115,003,000 after buying an additional 1,223,733 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of PVH by 2.5% in the 4th quarter. AQR Capital Management LLC now owns 1,261,565 shares of the textile maker’s stock valued at $88,045,000 after buying an additional 30,385 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Trading Up 1.4 %

Shares of PVH stock opened at $129.61 on Tuesday. PVH Corp. has a 1 year low of $69.27 and a 1 year high of $130.94. The company’s fifty day simple moving average is $119.30 and its 200-day simple moving average is $93.90. The company has a market cap of $7.73 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 0.71 and a beta of 2.19. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVHGet Free Report) last posted its quarterly earnings data on Thursday, November 30th. The textile maker reported $2.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.16. PVH had a net margin of 5.76% and a return on equity of 11.63%. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the firm posted $2.60 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. As a group, sell-side analysts expect that PVH Corp. will post 10.46 EPS for the current year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th will be paid a $0.0375 dividend. The ex-dividend date is Tuesday, March 5th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. PVH’s payout ratio is 1.77%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PVH. UBS Group lifted their target price on shares of PVH from $125.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, December 4th. Wells Fargo & Company upped their price objective on shares of PVH from $110.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, December 11th. The Goldman Sachs Group upgraded PVH from a “neutral” rating to a “buy” rating and raised their target price for the company from $99.00 to $126.00 in a report on Tuesday, December 12th. Telsey Advisory Group upped their price target on PVH from $111.00 to $122.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 12th. Finally, BMO Capital Markets raised their price objective on PVH from $90.00 to $107.00 and gave the company a “market perform” rating in a research note on Friday, December 1st. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, PVH presently has a consensus rating of “Moderate Buy” and an average target price of $109.73.

View Our Latest Research Report on PVH

Insiders Place Their Bets

In other news, CEO Martijn Hagman sold 18,900 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $115.69, for a total transaction of $2,186,541.00. Following the completion of the transaction, the chief executive officer now directly owns 49,514 shares of the company’s stock, valued at approximately $5,728,274.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other PVH news, insider Julie Fuller sold 14,290 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $108.75, for a total transaction of $1,554,037.50. Following the completion of the transaction, the insider now directly owns 16,191 shares in the company, valued at $1,760,771.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Martijn Hagman sold 18,900 shares of PVH stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $115.69, for a total value of $2,186,541.00. Following the transaction, the chief executive officer now directly owns 49,514 shares of the company’s stock, valued at $5,728,274.66. The disclosure for this sale can be found here. Insiders have sold 45,440 shares of company stock worth $5,198,462 over the last 90 days. Corporate insiders own 0.78% of the company’s stock.

About PVH

(Free Report)

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, women's, and children's apparel and accessories, include 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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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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