PVH Corp (PVH) Shares Bought by Morgan Stanley

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Morgan Stanley raised its stake in PVH Corp (NYSE:PVH) by 2.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 185,529 shares of the textile maker’s stock after acquiring an additional 4,673 shares during the period. Morgan Stanley’s holdings in PVH were worth $26,791,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. FMR LLC raised its holdings in PVH by 9.1% in the 2nd quarter. FMR LLC now owns 6,874,778 shares of the textile maker’s stock valued at $1,029,292,000 after acquiring an additional 575,989 shares during the period. JPMorgan Chase & Co. raised its holdings in PVH by 54.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,677,007 shares of the textile maker’s stock valued at $964,158,000 after acquiring an additional 2,356,377 shares during the period. Neuberger Berman Group LLC raised its holdings in PVH by 26.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,164,186 shares of the textile maker’s stock valued at $168,108,000 after acquiring an additional 240,510 shares during the period. Janus Henderson Group PLC raised its holdings in PVH by 21.2% in the 3rd quarter. Janus Henderson Group PLC now owns 1,097,865 shares of the textile maker’s stock valued at $158,532,000 after acquiring an additional 192,171 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in PVH by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,025,561 shares of the textile maker’s stock valued at $148,087,000 after acquiring an additional 6,969 shares during the period. 96.34% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Emanuel Chirico bought 10,000 shares of the business’s stock in a transaction on Friday, December 14th. The shares were purchased at an average price of $95.51 per share, for a total transaction of $955,100.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Craig W. Rydin bought 1,050 shares of the business’s stock in a transaction on Friday, December 14th. The stock was bought at an average price of $94.09 per share, for a total transaction of $98,794.50. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.

Shares of NYSE:PVH opened at $110.18 on Friday. The company has a market capitalization of $8.15 billion, a P/E ratio of 11.53, a PEG ratio of 0.88 and a beta of 1.00. The company has a current ratio of 1.74, a quick ratio of 0.85 and a debt-to-equity ratio of 0.51. PVH Corp has a 1 year low of $86.46 and a 1 year high of $169.22.

PVH (NYSE:PVH) last announced its quarterly earnings data on Thursday, November 29th. The textile maker reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.07. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.53 billion. PVH had a net margin of 7.20% and a return on equity of 13.00%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $3.02 earnings per share. As a group, equities analysts predict that PVH Corp will post 9.5 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 21st. Investors of record on Wednesday, November 28th were paid a $0.0375 dividend. The ex-dividend date was Tuesday, November 27th. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. PVH’s dividend payout ratio (DPR) is 1.89%.

PVH has been the topic of several research analyst reports. Zacks Investment Research reissued a “hold” rating on shares of PVH in a report on Wednesday, November 14th. DA Davidson raised their target price on shares of PVH to $134.00 and gave the stock a “buy” rating in a report on Monday, December 3rd. Royal Bank of Canada started coverage on shares of PVH in a report on Wednesday, January 9th. They set an “outperform” rating and a $122.00 target price on the stock. ValuEngine cut shares of PVH from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. Finally, Guggenheim reaffirmed a “buy” rating and set a $150.00 target price on shares of PVH in a report on Sunday, December 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. PVH presently has an average rating of “Buy” and a consensus target price of $148.86.

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PVH Profile

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, eyewear and 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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