PVH Corp (NYSE:PVH) Holdings Increased by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. raised its position in PVH Corp (NYSE:PVH) by 559.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,528 shares of the textile maker’s stock after buying an additional 31,837 shares during the period. Candriam Luxembourg S.C.A.’s holdings in PVH were worth $3,488,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in PVH by 54.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,677,007 shares of the textile maker’s stock valued at $964,158,000 after purchasing an additional 2,356,377 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in PVH in the 3rd quarter valued at about $110,677,000. AQR Capital Management LLC boosted its holdings in PVH by 84.6% in the 3rd quarter. AQR Capital Management LLC now owns 777,222 shares of the textile maker’s stock valued at $112,231,000 after purchasing an additional 356,158 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in PVH by 26.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,164,186 shares of the textile maker’s stock valued at $168,108,000 after purchasing an additional 240,510 shares during the last quarter. Finally, Rothschild & Co. Asset Management US Inc. boosted its holdings in PVH by 96.9% in the 3rd quarter. Rothschild & Co. Asset Management US Inc. now owns 404,479 shares of the textile maker’s stock valued at $58,407,000 after purchasing an additional 199,058 shares during the last quarter. Institutional investors and hedge funds own 96.15% of the company’s stock.

In other PVH news, CEO Francis K. Duane sold 6,171 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $127.27, for a total transaction of $785,383.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

PVH stock traded down $0.41 during trading hours on Monday, reaching $128.74. 895,087 shares of the stock were exchanged, compared to its average volume of 1,152,978. The company has a market cap of $9.74 billion, a P/E ratio of 13.41, a PEG ratio of 1.01 and a beta of 1.08. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.80 and a current ratio of 1.71. PVH Corp has a 52-week low of $86.46 and a 52-week high of $169.22.

PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, March 27th. The textile maker reported $1.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.76 by $0.08. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.41 billion. PVH had a net margin of 7.73% and a return on equity of 13.12%. The business’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.58 EPS. As a group, equities analysts predict that PVH Corp will post 10.44 earnings per share for the current year.

PVH announced that its board has initiated a stock buyback program on Wednesday, March 27th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the textile maker to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 28th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, February 27th. This represents a $0.15 annualized dividend and a yield of 0.12%. PVH’s dividend payout ratio (DPR) is currently 1.56%.

A number of equities research analysts have recently issued reports on PVH shares. UBS Group raised shares of PVH from a “neutral” rating to a “buy” rating and cut their target price for the stock from $170.00 to $145.00 in a research note on Monday, January 7th. ValuEngine upgraded shares of PVH from a “strong sell” rating to a “sell” rating in a report on Friday, March 29th. Zacks Investment Research cut shares of PVH from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Cowen cut shares of PVH from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $142.00 to $119.00 in a report on Tuesday, January 22nd. Finally, Royal Bank of Canada assumed coverage on shares of PVH in a report on Wednesday, January 9th. They issued an “outperform” rating and a $122.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. PVH presently has an average rating of “Buy” and a consensus price target of $146.40.

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About PVH

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, 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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