State of Alaska Department of Revenue grew its holdings in PVH Corp (NYSE:PVH) by 14.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 22,780 shares of the textile maker’s stock after acquiring an additional 2,910 shares during the period. State of Alaska Department of Revenue’s holdings in PVH were worth $3,409,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. AMF Pensionsforsakring AB purchased a new position in shares of PVH during the 1st quarter worth about $18,661,000. BlackRock Inc. boosted its stake in shares of PVH by 2.4% during the 1st quarter. BlackRock Inc. now owns 5,193,528 shares of the textile maker’s stock worth $786,454,000 after purchasing an additional 123,001 shares during the period. Cookson Peirce & Co. Inc. purchased a new position in shares of PVH during the 1st quarter worth about $11,142,000. Teacher Retirement System of Texas boosted its stake in shares of PVH by 267.9% during the 1st quarter. Teacher Retirement System of Texas now owns 86,136 shares of the textile maker’s stock worth $13,044,000 after purchasing an additional 62,722 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in shares of PVH by 72.8% during the 1st quarter. Hsbc Holdings PLC now owns 137,799 shares of the textile maker’s stock worth $20,868,000 after purchasing an additional 58,071 shares during the period. 93.86% of the stock is owned by institutional investors and hedge funds.
Get PVH alerts:In related news, EVP Mark D. Fischer sold 1,100 shares of PVH stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $164.25, for a total transaction of $180,675.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Francis K. Duane sold 16,475 shares of the business’s stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $160.00, for a total transaction of $2,636,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 22,125 shares of company stock valued at $3,564,789 in the last quarter. 1.00% of the stock is currently owned by company insiders.
Shares of PVH opened at $151.49 on Wednesday. PVH Corp has a 1-year low of $112.17 and a 1-year high of $169.22. The stock has a market cap of $11.43 billion, a P/E ratio of 19.08, a P/E/G ratio of 1.26 and a beta of 0.78. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.76 and a quick ratio of 0.88.
PVH (NYSE:PVH) last announced its quarterly earnings data on Wednesday, May 30th. The textile maker reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.25 by $0.11. PVH had a net margin of 7.00% and a return on equity of 12.66%. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the business posted $1.65 EPS. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. research analysts forecast that PVH Corp will post 9.19 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 21st. Investors of record on Thursday, May 17th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, May 16th. This represents a $0.15 dividend on an annualized basis and a yield of 0.10%. PVH’s payout ratio is 1.89%.
A number of equities analysts recently commented on the stock. ValuEngine cut shares of PVH from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Credit Suisse Group lifted their price target on shares of PVH from $178.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 26th. Goldman Sachs Group assumed coverage on shares of PVH in a research note on Monday, June 25th. They set a “sell” rating and a $150.00 price target for the company. UBS Group assumed coverage on shares of PVH in a research note on Thursday, June 21st. They set a “neutral” rating and a $180.00 price target for the company. Finally, Citigroup lifted their price target on shares of PVH from $179.00 to $188.00 and gave the stock a “buy” rating in a research note on Friday, June 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the stock. PVH presently has a consensus rating of “Buy” and an average price target of $168.76.
PVH Company 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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