By otakuyassine3@gmail.com 
Swedbank AB raised its stake in PVH Corp. (NYSE:PVH – Free Report) by 153.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 440,483 shares of the textile maker’s stock after purchasing an additional 266,509 shares during the period. Swedbank AB’s holdings in PVH were worth $46,581,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of PVH. Creative Planning increased its holdings in shares of PVH by 5.0% in the second quarter. Creative Planning now owns 6,165 shares of the textile maker’s stock valued at $653,000 after purchasing an additional 296 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of PVH by 5.3% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 35,202 shares of the textile maker’s stock valued at $3,727,000 after purchasing an additional 1,783 shares during the last quarter. Central Pacific Bank Trust Division increased its holdings in shares of PVH by 36.0% in the third quarter. Central Pacific Bank Trust Division now owns 1,510 shares of the textile maker’s stock valued at $152,000 after purchasing an additional 400 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of PVH by 29.9% in the third quarter. Handelsbanken Fonder AB now owns 16,500 shares of the textile maker’s stock valued at $1,664,000 after purchasing an additional 3,800 shares during the last quarter. Finally, Mather Group LLC. increased its holdings in shares of PVH by 40.1% in the third quarter. Mather Group LLC. now owns 908 shares of the textile maker’s stock valued at $92,000 after purchasing an additional 260 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, EVP Mark D. Fischer sold 3,186 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the transaction, the executive vice president now owns 23,103 shares of the company’s stock, valued at $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.
PVH Stock Up 0.0 %
Shares of NYSE PVH opened at $91.87 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 7.48, a PEG ratio of 0.98 and a beta of 2.09. PVH Corp. has a 12 month low of $88.60 and a 12 month high of $141.15. The stock has a 50-day moving average price of $103.74 and a two-hundred day moving average price of $100.32.
PVH (NYSE:PVH – Get Free Report) last issued its earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, topping the consensus estimate of $2.59 by $0.44. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.90 earnings per share. As a group, analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research firms have commented on PVH. Telsey Advisory Group reiterated an “outperform” rating and issued a $130.00 price objective on shares of PVH in a report on Wednesday, December 4th. Morgan Stanley reduced their target price on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Barclays boosted their target price on shares of PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. cut shares of PVH from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $149.00 to $113.00 in a research report on Friday, January 24th. Finally, Guggenheim boosted their target price on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $123.80.
Get Our Latest Stock Report on PVH
PVH Company Profile
PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men’s, women’s, and children’s branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men’s and boy’s tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.
Further Reading
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