Janney Montgomery Scott LLC decreased its holdings in PVH Corp (NYSE:PVH) by 30.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,953 shares of the textile maker’s stock after selling 3,878 shares during the period. Janney Montgomery Scott LLC’s holdings in PVH were worth $1,293,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Fort L.P. bought a new stake in shares of PVH in the second quarter worth $115,000. Opera Trading Capital bought a new stake in shares of PVH in the second quarter worth $120,000. Advisors Asset Management Inc. grew its holdings in shares of PVH by 709.9% in the second quarter. Advisors Asset Management Inc. now owns 4,681 shares of the textile maker’s stock worth $131,000 after acquiring an additional 4,103 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of PVH in the second quarter worth $212,000. Finally, Exane Asset Management bought a new stake in shares of PVH in the second quarter worth $224,000. 97.93% of the stock is owned by institutional investors and hedge funds.
Several analysts recently commented on PVH shares. Zacks Investment Research raised PVH from a “hold” rating to a “buy” rating and set a $166.00 price objective for the company in a report on Friday, August 17th. Deutsche Bank lifted their price objective on PVH from $171.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, August 30th. Piper Jaffray Companies set a $177.00 price objective on PVH and gave the stock a “buy” rating in a report on Thursday, August 30th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of PVH in a report on Thursday, August 30th. Finally, Bank of America set a $180.00 price objective on PVH and gave the stock a “buy” rating in a report on Thursday, August 30th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. PVH presently has an average rating of “Buy” and a consensus price target of $167.45.
PVH (NYSE:PVH) last released its earnings results on Wednesday, August 29th. The textile maker reported $2.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.09 by $0.09. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.29 billion. PVH had a return on equity of 13.07% and a net margin of 7.28%. PVH’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.69 earnings per share. On average, equities research analysts anticipate that PVH Corp will post 9.27 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Wednesday, November 28th will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $0.15 annualized dividend and a yield of 0.14%. PVH’s dividend payout ratio (DPR) is presently 1.89%.
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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