Choreo LLC Decreases Position in PVH Corp. (NYSE:PVH)

Choreo LLC decreased its position in shares of PVH Corp. (NYSE:PVH) by 17.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,185 shares of the textile maker’s stock after selling 898 shares during the quarter. Choreo LLC’s holdings in PVH were worth $442,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. increased its holdings in PVH by 5.9% in the 3rd quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker’s stock worth $26,942,000 after buying an additional 15,483 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in shares of PVH by 16.0% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 191,090 shares of the textile maker’s stock worth $20,208,000 after acquiring an additional 26,390 shares during the period. KBC Group NV grew its stake in shares of PVH by 1,796.6% in the fourth quarter. KBC Group NV now owns 30,422 shares of the textile maker’s stock worth $3,217,000 after acquiring an additional 28,818 shares during the period. 180 Wealth Advisors LLC bought a new position in PVH during the fourth quarter valued at approximately $565,000. Finally, Erste Asset Management GmbH purchased a new stake in PVH in the third quarter worth approximately $1,997,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Stock Down 1.1 %

PVH opened at $77.69 on Thursday. PVH Corp. has a fifty-two week low of $76.34 and a fifty-two week high of $141.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 6.33, a price-to-earnings-growth ratio of 0.78 and a beta of 2.06. The firm’s fifty day moving average is $98.59 and its 200 day moving average is $98.95.

PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.44. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the prior year, the company posted $2.90 earnings per share. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, sell-side analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.19%. The ex-dividend date is Wednesday, March 5th. PVH’s payout ratio is currently 1.22%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company lowered shares of PVH from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $130.00 to $105.00 in a research note on Monday, February 3rd. Telsey Advisory Group reiterated an “outperform” rating and set a $130.00 price objective on shares of PVH in a research report on Wednesday, December 4th. StockNews.com cut PVH from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. lowered shares of PVH from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $149.00 to $113.00 in a research report on Friday, January 24th. Finally, Morgan Stanley lowered their price objective on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $119.07.

Insider Activity

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the transaction, the executive vice president now owns 23,103 shares in the company, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.00% of the company’s stock.

About PVH

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.