PVH Corp. (NYSE:PVH) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in PVH Corp. (NYSE:PVH) by 92.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,269 shares of the textile maker’s stock after selling 65,458 shares during the quarter. SG Americas Securities LLC’s holdings in PVH were worth $341,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Treasurer of the State of North Carolina increased its stake in PVH by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker’s stock valued at $2,579,000 after purchasing an additional 150 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in PVH by 0.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker’s stock valued at $3,248,000 after purchasing an additional 152 shares in the last quarter. Assetmark Inc. increased its stake in PVH by 11.8% in the 4th quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock valued at $153,000 after purchasing an additional 153 shares in the last quarter. Signaturefd LLC increased its stake in PVH by 11.0% in the 4th quarter. Signaturefd LLC now owns 1,569 shares of the textile maker’s stock valued at $166,000 after purchasing an additional 156 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in PVH by 8.9% in the 1st quarter. Parallel Advisors LLC now owns 1,973 shares of the textile maker’s stock valued at $128,000 after purchasing an additional 162 shares in the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PVH. Wall Street Zen raised PVH from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $115.00 price objective on shares of PVH in a research note on Thursday, June 5th. Barclays cut their price target on PVH from $87.00 to $83.00 and set an “overweight” rating for the company in a report on Monday, June 9th. BMO Capital Markets dropped their price objective on PVH from $93.00 to $84.00 and set a “market perform” rating for the company in a research report on Thursday, June 5th. Finally, Morgan Stanley dropped their price objective on PVH from $86.00 to $64.00 and set an “equal weight” rating for the company in a research report on Friday, June 6th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, PVH currently has a consensus rating of “Moderate Buy” and an average price target of $98.27.

PVH Stock Performance

NYSE PVH opened at $63.50 on Thursday. The firm has a market capitalization of $3.05 billion, a P/E ratio of 8.96, a P/E/G ratio of 1.32 and a beta of 1.89. PVH Corp. has a 1-year low of $59.28 and a 1-year high of $113.47. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.11 and a quick ratio of 0.53. The business’s 50-day simple moving average is $73.76 and its 200-day simple moving average is $80.74.

PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, June 4th. The textile maker reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.06. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. PVH had a return on equity of 12.66% and a net margin of 4.63%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.45 EPS. Equities analysts predict that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.24%. The ex-dividend date was Wednesday, June 4th. PVH’s dividend payout ratio (DPR) is presently 2.12%.

Insider Buying and Selling

In related news, Director Jesper Andersen purchased 600 shares of PVH stock in a transaction that occurred on Wednesday, June 11th. The shares were purchased at an average cost of $66.10 per share, with a total value of $39,660.00. Following the transaction, the director now owns 736 shares of the company’s stock, valued at approximately $48,649.60. The trade was a 441.18% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is currently owned by corporate insiders.

PVH Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.