Rhumbline Advisers Sells 3,022 Shares of PVH Corp. (NYSE:PVH)

Rhumbline Advisers reduced its holdings in PVH Corp. (NYSE:PVH) by 1.8% in the 4th quarter, HoldingsChannel reports. The fund owned 167,191 shares of the textile maker’s stock after selling 3,022 shares during the period. Rhumbline Advisers’ holdings in PVH were worth $17,680,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in shares of PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after buying an additional 759,656 shares during the period. Pacer Advisors Inc. grew its stake in shares of PVH by 39.6% in the 3rd quarter. Pacer Advisors Inc. now owns 1,705,717 shares of the textile maker’s stock worth $171,987,000 after acquiring an additional 483,510 shares in the last quarter. Swedbank AB raised its holdings in shares of PVH by 153.2% in the fourth quarter. Swedbank AB now owns 440,483 shares of the textile maker’s stock valued at $46,581,000 after purchasing an additional 266,509 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of PVH by 9.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock worth $255,011,000 after buying an additional 208,648 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of PVH by 82.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 253,666 shares of the textile maker’s stock worth $25,577,000 after buying an additional 114,430 shares during the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $130.00 price target on shares of PVH in a research report on Wednesday, December 4th. Guggenheim lifted their target price on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 6th. StockNews.com cut shares of PVH from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Wells Fargo & Company lowered shares of PVH from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $130.00 to $105.00 in a research report on Monday, February 3rd. Finally, Barclays lowered their price objective on PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $119.07.

PVH Trading Up 0.1 %

Shares of PVH opened at $78.73 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. PVH Corp. has a fifty-two week low of $76.34 and a fifty-two week high of $141.15. The firm has a 50 day moving average price of $94.40 and a 200-day moving average price of $97.98. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 0.78 and a beta of 2.06.

PVH (NYSE:PVH) last posted its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.44. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company’s revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.90 earnings per share. As a group, equities research analysts forecast that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.19%. The ex-dividend date of this dividend is Wednesday, March 5th. PVH’s payout ratio is 1.22%.

Insider Buying and Selling at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the sale, the executive vice president now directly owns 23,103 shares in the company, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

PVH Company 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.