JPMorgan Chase & Co. Has $25.58 Million Position in PVH Corp. (NYSE:PVH)

JPMorgan Chase & Co. lifted its position in PVH Corp. (NYSE:PVH) by 82.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,666 shares of the textile maker’s stock after acquiring an additional 114,430 shares during the period. JPMorgan Chase & Co. owned approximately 0.46% of PVH worth $25,577,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PVH. Scientech Research LLC lifted its holdings in PVH by 608.6% during the second quarter. Scientech Research LLC now owns 11,344 shares of the textile maker’s stock worth $1,201,000 after acquiring an additional 9,743 shares in the last quarter. Franklin Resources Inc. raised its position in shares of PVH by 5.9% during the third quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker’s stock worth $26,942,000 after purchasing an additional 15,483 shares during the period. American Century Companies Inc. lifted its holdings in shares of PVH by 37.4% during the 2nd quarter. American Century Companies Inc. now owns 80,021 shares of the textile maker’s stock valued at $8,472,000 after purchasing an additional 21,790 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of PVH in the 2nd quarter valued at approximately $6,995,000. Finally, Sei Investments Co. increased its stake in PVH by 30.1% during the 2nd quarter. Sei Investments Co. now owns 160,058 shares of the textile maker’s stock worth $16,946,000 after purchasing an additional 37,012 shares in the last quarter. Institutional investors own 97.25% of the company’s stock.

Insider Buying and Selling

In other news, EVP Mark D. Fischer sold 3,186 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the sale, the executive vice president now directly owns 23,103 shares in the company, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

PVH Trading Down 2.4 %

Shares of PVH stock opened at $105.15 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The business has a fifty day simple moving average of $105.42 and a two-hundred day simple moving average of $101.54. PVH Corp. has a 1 year low of $89.56 and a 1 year high of $141.15. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 8.56, a P/E/G ratio of 1.10 and a beta of 2.09.

PVH (NYSE:PVH) last posted its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter last year, the company posted $2.90 EPS. PVH’s quarterly revenue was down 4.6% compared to the same quarter last year. Research analysts forecast that PVH Corp. will post 11.68 EPS for the current year.

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were paid a $0.0375 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. PVH’s dividend payout ratio (DPR) is presently 1.22%.

Analyst Ratings Changes

A number of research analysts have weighed in on PVH shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 price target on shares of PVH in a research note on Wednesday, December 4th. Guggenheim boosted their price objective 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. Barclays lifted their price target on PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, Bank of America cut PVH from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $128.00.

PVH 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.