The LS Investment Advisors LLC Raises Stake in PVH Corp (PVH)

The LS Investment Advisors LLC Raises Stake in PVH Corp (PVH)

Other hedge funds also recently modified their holdings of the company. TLP Group LLC bought a new stake in shares of PVH Corp during the third quarter worth $137,000. Financial Architects Inc increased its stake in shares of PVH Corp by 261.6% in the first quarter. Financial Architects Inc now owns 1,602 shares of the textile maker’s stock worth $166,000 after buying an additional 1,159 shares during the period. Mn Services Vermogensbeheer B.V. increased its stake in shares of PVH Corp by 6.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,174 shares of the textile maker’s stock worth $210,000 after buying an additional 125 shares during the period. Horizon Investment Services LLC bought a new stake in shares of PVH Corp during the third quarter worth $215,000. Finally, Virtus Investment Advisers Inc. bought a new stake in shares of PVH Corp during the third quarter worth $224,000. 97.96% of the stock is owned by hedge funds and other institutional investors.

LS Investment Advisors LLC increased its position in shares of PVH Corp (NYSE:PVH) by 21.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,852 shares of the textile maker’s stock after buying an additional 675 shares during the period. LS Investment Advisors LLC’s holdings in PVH Corp were worth $399,000 at the end of the most recent quarter.

Shares of PVH Corp (NYSE:PVH) opened at 105.96 on Monday. The firm has a market cap of $8.29 billion, a PE ratio of 21.91 and a beta of 0.67. The firm has a 50-day moving average of $101.95 and a 200 day moving average of $97.54. PVH Corp has a 52-week low of $83.80 and a 52-week high of $115.40.

PVH Corp (NYSE:PVH) last posted its quarterly earnings data on Wednesday, May 24th. The textile maker reported $1.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.05. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. PVH Corp had a net margin of 7.10% and a return on equity of 12.15%. PVH Corp’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.50 earnings per share. On average, equities analysts predict that PVH Corp will post $7.50 earnings per share for the current year. The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, May 16th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. PVH Corp’s dividend payout ratio (DPR) is currently 2.10%.

PVH Corp (NYSE:PVH) last posted its quarterly earnings data on Wednesday, May 24th. The textile maker reported $1.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.05. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. PVH Corp had a net margin of 7.10% and a return on equity of 12.15%. PVH Corp’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.50 earnings per share. On average, equities analysts predict that PVH Corp will post $7.50 earnings per share for the current year. A number of analysts have weighed in on the stock. Wells Fargo & Co reissued an “outperform” rating and issued a $126.00 price target on shares of PVH Corp in a report on Thursday, March 23rd. Zacks Investment Research downgraded shares of PVH Corp from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Piper Jaffray Companies set a $120.00 price objective on shares of PVH Corp and gave the stock a “buy” rating in a report on Thursday, May 25th. Credit Suisse Group AG set a $121.00 price objective on shares of PVH Corp and gave the stock a “hold” rating in a report on Monday, March 20th. Finally, Cowen and Company raised their price objective on shares of PVH Corp from $108.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, March 23rd. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. PVH Corp has a consensus rating of “Buy” and an average price target of $121.44.

In other news, CEO Daniel Grieder sold 18,701 shares of the stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $103.43, for a total value of $1,934,244.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Francis K. Duane sold 2,497 shares of the stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $105.99, for a total transaction 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 in the last three months. Company insiders own 1.30% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PVH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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