Today: Today, PVH Corp. (PVH) Position Boosted by Neuberger Berman Group LLC

Today, PVH Corp. (PVH) Position Boosted by Neuberger Berman Group LLC

Neuberger Berman Group LLC boosted its stake in shares of PVH Corp. (NYSE:PVH) by 6.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,206,796 shares of the company’s stock after buying an additional 76,232 shares during the period. Neuberger Berman Group LLC owned 1.50% of PVH Corp. worth $133,351,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norinchukin Bank The increased its position in PVH Corp. by 1.1% in the second quarter. Norinchukin Bank The now owns 4,252 shares of the company’s stock valued at $401,000 after buying an additional 47 shares during the last quarter. World Asset Management Inc increased its position in PVH Corp. by 1.4% in the third quarter. World Asset Management Inc now owns 8,166 shares of the company’s stock valued at $902,000 after buying an additional 116 shares during the last quarter. Pacer Advisors Inc. increased its position in PVH Corp. by 8.2% in the second quarter. Pacer Advisors Inc. now owns 1,618 shares of the company’s stock valued at $152,000 after buying an additional 122 shares during the last quarter. Commonwealth Equity Services Inc increased its position in PVH Corp. by 2.4% in the second quarter. Commonwealth Equity Services Inc now owns 5,446 shares of the company’s stock valued at $513,000 after buying an additional 130 shares during the last quarter. Finally, US Bancorp DE increased its position in PVH Corp. by 2.1% in the second quarter. US Bancorp DE now owns 6,479 shares of the company’s stock valued at $610,000 after buying an additional 133 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Shares of PVH Corp. (NYSE:PVH) traded down 0.30% on Friday, reaching $108.69. The company had a trading volume of 319,373 shares. The stock has a market capitalization of $8.72 billion, a PE ratio of 13.16 and a beta of 0.77. PVH Corp. has a 52-week low of $64.16 and a 52-week high of $115.40. The company has a 50 day moving average price of $108.66 and a 200 day moving average price of $102.19.

PVH Corp. (NYSE:PVH) last posted its quarterly earnings results on Wednesday, August 24th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.18. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. PVH Corp. had a return on equity of 12.55% and a net margin of 8.34%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.37 earnings per share. On average, equities research analysts anticipate that PVH Corp. will post $6.66 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Wednesday, November 23rd will be issued a $0.0375 dividend. The ex-dividend date is Monday, November 21st. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. PVH Corp.’s dividend payout ratio is currently 1.82%.

Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded PVH Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 9th. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $124.00 price objective on shares of PVH Corp. in a research note on Thursday, September 8th. Guggenheim assumed coverage on PVH Corp. in a research note on Friday, September 30th. They issued a “buy” rating and a $125.00 price objective for the company. Brean Capital reaffirmed a “buy” rating and issued a $124.00 price objective (up from $122.00) on shares of PVH Corp. in a research note on Monday, August 29th. Finally, Citigroup Inc. dropped their price objective on PVH Corp. from $110.00 to $96.00 and set a “neutral” rating for the company in a research note on Friday, August 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $112.83.

In other PVH Corp. news, EVP David F. Kozel sold 3,000 shares of the company’s stock in a transaction on Wednesday, October 12th. The stock was sold at an average price of $111.96, for a total value of $335,880.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Francis K. Duane sold 25,405 shares of the company’s stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $112.00, for a total value of $2,845,360.00. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

About PVH Corp.

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