PVH Corp (PVH) Holdings Lifted by Wells Fargo & Company MN

Wells Fargo & Company MN raised its holdings in PVH Corp (NYSE:PVH) by 147.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 380,409 shares of the textile maker’s stock after purchasing an additional 226,839 shares during the quarter. Wells Fargo & Company MN owned 0.49% of PVH worth $56,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in PVH. Cornerstone Advisors Inc. grew its stake in shares of PVH by 3,741.4% during the 1st quarter. Cornerstone Advisors Inc. now owns 1,114 shares of the textile maker’s stock worth $169,000 after acquiring an additional 1,085 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of PVH by 133.8% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,302 shares of the textile maker’s stock worth $197,000 after acquiring an additional 745 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of PVH during the 2nd quarter worth $212,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of PVH during the 1st quarter worth $219,000. Finally, United Capital Financial Advisers LLC bought a new position in shares of PVH during the 1st quarter worth $225,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

In other PVH news, CEO Francis K. Duane sold 16,475 shares of the firm’s stock in a transaction dated Tuesday, June 5th. The stock was sold at an average price of $160.00, for a total value of $2,636,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark D. Fischer sold 3,300 shares of the firm’s stock in a transaction dated Friday, June 8th. The shares were sold at an average price of $166.08, for a total value of $548,064.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,875 shares of company stock worth $3,364,739. Insiders own 1.00% of the company’s stock.

Several research analysts have recently weighed in on the company. Citigroup increased their price target on PVH from $174.00 to $179.00 and gave the stock a “buy” rating in a research note on Thursday, May 31st. Piper Jaffray Companies set a $174.00 price target on PVH and gave the stock a “buy” rating in a research note on Thursday, May 31st. Barclays reissued a “buy” rating and set a $187.00 price objective on shares of PVH in a report on Monday, April 30th. Zacks Investment Research cut PVH from a “buy” rating to a “hold” rating in a report on Tuesday, May 22nd. Finally, Credit Suisse Group increased their price objective on PVH from $178.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, June 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $169.90.

Shares of PVH opened at $148.54 on Thursday. The stock has a market cap of $11.85 billion, a P/E ratio of 18.71, a P/E/G ratio of 1.31 and a beta of 0.76. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.88 and a current ratio of 1.76. PVH Corp has a 52-week low of $118.66 and a 52-week high of $169.22.

PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, May 30th. The textile maker reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.11. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.28 billion. PVH had a return on equity of 12.66% and a net margin of 7.00%. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.65 EPS. research analysts expect that PVH Corp will post 9.19 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 25th. Shareholders of record on Wednesday, August 29th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, August 28th. This represents a $0.15 annualized dividend and a dividend yield of 0.10%. PVH’s payout ratio is currently 1.89%.

PVH Profile

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, eyewear and 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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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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