Signaturefd LLC Sells 300 Shares of PVH Corp. (NYSE:PVH)

Signaturefd LLC reduced its position in PVH Corp. (NYSE:PVH) by 17.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,413 shares of the textile maker’s stock after selling 300 shares during the quarter. Signaturefd LLC’s holdings in PVH were worth $142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its stake in PVH by 116.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after buying an additional 228 shares in the last quarter. Swedbank AB bought a new position in shares of PVH in the third quarter worth about $17,542,000. Wedge Capital Management L L P NC purchased a new stake in shares of PVH during the third quarter worth about $2,576,000. Mather Group LLC. raised its stake in PVH by 40.1% during the 3rd quarter. Mather Group LLC. now owns 908 shares of the textile maker’s stock valued at $92,000 after purchasing an additional 260 shares during the period. Finally, Handelsbanken Fonder AB lifted its holdings in PVH by 29.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 16,500 shares of the textile maker’s stock worth $1,664,000 after purchasing an additional 3,800 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors.

PVH Stock Down 0.1 %

Shares of PVH opened at $93.26 on Monday. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average of $97.48 and a 200 day moving average of $104.66. The company has a market cap of $5.21 billion, a PE ratio of 8.25, a P/E/G ratio of 0.87 and a beta of 2.11. PVH Corp. has a 52-week low of $71.32 and a 52-week high of $141.15.

PVH (NYSE:PVH) last released its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.72. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.07 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. The business’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business earned $1.98 EPS. On average, sell-side analysts expect that PVH Corp. will post 11.66 EPS for the current year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were paid a dividend of $0.0375 per share. The ex-dividend date was Wednesday, September 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. PVH’s dividend payout ratio is 1.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PVH shares. Morgan Stanley cut their price objective on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, September 6th. Bank of America downgraded shares of PVH from a “buy” rating to a “neutral” rating and reduced their price target for the company from $130.00 to $107.00 in a report on Wednesday, October 2nd. Telsey Advisory Group dropped their price objective on shares of PVH from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. TD Cowen reduced their target price on PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Finally, Barclays dropped their price target on PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, PVH currently has a consensus rating of “Moderate Buy” and an average price target of $128.87.

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.