PVH Corp (NYSE:PVH) Shares Bought by National Pension Service

National Pension Service grew its position in shares of PVH Corp (NYSE:PVH) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,396 shares of the textile maker’s stock after purchasing an additional 4,680 shares during the period. National Pension Service owned approximately 0.14% of PVH worth $11,733,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc increased its position in shares of PVH by 1.1% during the third quarter. Vanguard Group Inc now owns 7,930,508 shares of the textile maker’s stock worth $1,145,165,000 after acquiring an additional 88,970 shares during the period. JPMorgan Chase & Co. increased its position in shares of PVH by 54.5% during the third quarter. JPMorgan Chase & Co. now owns 6,677,007 shares of the textile maker’s stock worth $964,158,000 after acquiring an additional 2,356,377 shares during the period. Dimensional Fund Advisors LP increased its position in shares of PVH by 18.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,212,907 shares of the textile maker’s stock worth $112,740,000 after acquiring an additional 187,346 shares during the period. Geode Capital Management LLC increased its position in shares of PVH by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 1,207,475 shares of the textile maker’s stock worth $112,075,000 after acquiring an additional 44,504 shares during the period. Finally, Neuberger Berman Group LLC increased its position in shares of PVH by 26.0% during the third quarter. Neuberger Berman Group LLC now owns 1,164,186 shares of the textile maker’s stock worth $168,108,000 after acquiring an additional 240,510 shares during the period. Institutional investors own 96.14% of the company’s stock.

In other news, SVP Dana Perlman sold 1,054 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $128.92, for a total transaction of $135,881.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Francis K. Duane sold 6,171 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $127.27, for a total transaction of $785,383.17. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

PVH has been the topic of a number of recent research reports. Wells Fargo & Co cut their price objective on PVH from $140.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 2nd. UBS Group raised PVH from a “neutral” rating to a “buy” rating and dropped their target price for the company from $170.00 to $145.00 in a report on Monday, January 7th. ValuEngine raised PVH from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 9th. Royal Bank of Canada assumed coverage on PVH in a report on Wednesday, January 9th. They issued an “outperform” rating and a $122.00 target price on the stock. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 target price (down previously from $155.00) on shares of PVH in a report on Friday, January 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $146.40.

Shares of PVH stock opened at $132.20 on Monday. The stock has a market cap of $9.93 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 1.05 and a beta of 1.08. PVH Corp has a 1 year low of $86.46 and a 1 year high of $169.22. 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 (NYSE:PVH) last issued its quarterly earnings data on Wednesday, March 27th. The textile maker reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.08. PVH had a return on equity of 13.12% and a net margin of 7.73%. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the company posted $1.58 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. Analysts predict that PVH Corp will post 10.44 earnings per share for the current year.

PVH announced that its Board of Directors has authorized a stock repurchase program on Wednesday, March 27th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the textile maker to buy up to 8.1% of its stock through open market purchases. Stock buyback 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. Stockholders of record on Thursday, February 28th were paid 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 dividend yield of 0.11%. PVH’s dividend payout ratio (DPR) is 1.56%.

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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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