Caisse DE Depot ET Placement DU Quebec lowered its stake in PVH Corp (NYSE:PVH) by 9.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,213 shares of the textile maker’s stock after selling 2,400 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in PVH were worth $3,185,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Columbus Circle Investors acquired a new stake in shares of PVH in the third quarter valued at about $30,247,000. IFM Investors Pty Ltd acquired a new stake in shares of PVH in the third quarter valued at about $311,000. Intrust Bank NA acquired a new stake in shares of PVH in the third quarter valued at about $490,000. Quantbot Technologies LP acquired a new stake in shares of PVH in the third quarter valued at about $2,986,000. Finally, Davidson Kempner Capital Management LP acquired a new stake in shares of PVH in the third quarter valued at about $18,909,000. 96.12% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Melanie Steiner sold 320 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $136.99, for a total transaction of $43,836.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Steven B. Shiffman sold 3,100 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $136.38, for a total value of $422,778.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 392,290 shares of company stock valued at $52,131,795. Corporate insiders own 1.50% of the company’s stock.
Shares of PVH Corp (NYSE PVH) opened at $143.32 on Tuesday. PVH Corp has a 1-year low of $89.52 and a 1-year high of $157.96. The stock has a market capitalization of $11,030.00, a P/E ratio of 21.33, a PEG ratio of 1.23 and a beta of 0.71. The company has a current ratio of 1.82, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.038 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date is Tuesday, February 27th. PVH’s dividend payout ratio is presently 2.23%.
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PVH 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.
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