Driehaus Capital Management LLC trimmed its holdings in PVH Corp (NYSE:PVH) by 7.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,576 shares of the textile maker’s stock after selling 622 shares during the quarter. Driehaus Capital Management LLC’s holdings in PVH were worth $1,040,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Cerebellum GP LLC purchased a new stake in PVH in the fourth quarter valued at $131,000. Squar Milner Financial Services LLC purchased a new stake in PVH in the fourth quarter valued at $212,000. Conning Inc. purchased a new stake in PVH in the fourth quarter valued at $220,000. Everence Capital Management Inc. purchased a new stake in PVH in the fourth quarter valued at $248,000. Finally, Visionary Asset Management Inc. purchased a new stake in PVH in the third quarter valued at $266,000. 96.12% of the stock is currently owned by institutional investors.
Several research firms have commented on PVH. Cowen set a $165.00 price target on shares of PVH and gave the company a “buy” rating in a report on Thursday, March 8th. Zacks Investment Research lowered shares of PVH from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Credit Suisse Group began coverage on shares of PVH in a research note on Monday. They set an “outperform” rating and a $175.00 target price on the stock. Piper Jaffray Companies set a $148.00 target price on shares of PVH and gave the stock a “buy” rating in a research note on Thursday, November 16th. Finally, B. Riley began coverage on shares of PVH in a research note on Friday, December 22nd. They set a “buy” rating and a $155.00 target price on the stock. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $151.95.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, February 28th will be paid a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend is Tuesday, February 27th. PVH’s dividend payout ratio is presently 2.23%.
In other PVH news, SVP James Holmes sold 2,552 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $135.85, for a total value of $346,689.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Emanuel Chirico sold 370,327 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $132.56, for a total transaction of $49,090,547.12. The disclosure for this sale can be found here. Insiders sold a total of 392,290 shares of company stock worth $52,131,795 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.
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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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