PVH Corp. (PVH) Stake Increased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in PVH Corp. (NYSE:PVH) by 4.9% during the first quarter, Holdings Channel reports. The firm owned 866,435 shares of the textile maker’s stock after buying an additional 40,612 shares during the period. Geode Capital Management LLC’s holdings in PVH Corp. were worth $89,536,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of PVH Corp. by 1.4% in the first quarter. Vanguard Group Inc. now owns 7,942,535 shares of the textile maker’s stock worth $821,815,000 after buying an additional 112,758 shares during the period. FMR LLC raised its position in shares of PVH Corp. by 1.9% in the fourth quarter. FMR LLC now owns 4,135,023 shares of the textile maker’s stock worth $373,145,000 after buying an additional 77,937 shares during the period. State Street Corp raised its position in shares of PVH Corp. by 10.2% in the fourth quarter. State Street Corp now owns 3,611,504 shares of the textile maker’s stock worth $325,897,000 after buying an additional 334,594 shares during the period. Ameriprise Financial Inc. raised its position in shares of PVH Corp. by 17.1% in the first quarter. Ameriprise Financial Inc. now owns 2,692,857 shares of the textile maker’s stock worth $278,637,000 after buying an additional 393,500 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of PVH Corp. by 58.2% in the fourth quarter. AQR Capital Management LLC now owns 1,685,903 shares of the textile maker’s stock worth $152,136,000 after buying an additional 620,220 shares during the period. 96.95% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for PVH Corp. (NYSE:PVH)

Shares of PVH Corp. (NYSE:PVH) traded up 0.58% during midday trading on Monday, reaching $106.20. 1,115,002 shares of the company’s stock traded hands. PVH Corp. has a 1-year low of $83.80 and a 1-year high of $115.40. The firm’s 50-day moving average price is $102.48 and its 200 day moving average price is $97.39. The stock has a market capitalization of $8.27 billion, a P/E ratio of 21.96 and a beta of 0.47.

PVH Corp. (NYSE:PVH) last posted its quarterly earnings results on Wednesday, May 24th. The textile maker reported $1.65 EPS for the quarter, topping the Zacks’ consensus estimate of $1.60 by $0.05. PVH Corp. had a return on equity of 11.57% and a net margin of 4.69%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the company earned $1.50 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities analysts predict that PVH Corp. will post $7.50 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Thursday, May 18th will be issued a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date is Tuesday, May 16th. PVH Corp.’s payout ratio is currently 3.11%.

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A number of brokerages have recently commented on PVH. Cowen and Company raised their target price on shares of PVH Corp. from $118.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 25th. ValuEngine lowered shares of PVH Corp. from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. B. Riley reaffirmed a “buy” rating and set a $128.00 target price on shares of PVH Corp. in a research report on Sunday, June 4th. Zacks Investment Research lowered shares of PVH Corp. from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Finally, Credit Suisse Group raised shares of PVH Corp. from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $114.00 to $136.00 in a research report on Tuesday, May 30th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $121.44.

In other news, CEO Daniel Grieder sold 18,701 shares of the firm’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $103.43, for a total value of $1,934,244.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Francis K. Duane sold 2,497 shares of PVH Corp. stock in a transaction on Friday, May 26th. The shares were sold at an average price of $105.99, for a total value of $264,657.03. The disclosure for this sale can be found here. Insiders sold 22,198 shares of company stock valued at $2,300,621 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

PVH Corp. Company Profile

PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.

Want to see what other hedge funds are holding PVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PVH Corp. (NYSE:PVH).

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