Pathstone Holdings LLC Lowers Stock Holdings in PVH Corp. (NYSE:PVH)

Pathstone Holdings LLC cut its position in shares of PVH Corp. (NYSE:PVH) by 13.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,164 shares of the textile maker’s stock after selling 4,357 shares during the quarter. Pathstone Holdings LLC owned approximately 0.05% of PVH worth $2,941,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PVH. Altshuler Shaham Ltd bought a new stake in shares of PVH in the 2nd quarter worth approximately $25,000. New Covenant Trust Company N.A. purchased a new stake in PVH during the first quarter valued at about $26,000. Venturi Wealth Management LLC grew its stake in shares of PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after buying an additional 106 shares during the last quarter. Covestor Ltd grew its stake in shares of PVH by 270.6% during the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after buying an additional 295 shares during the last quarter. Finally, ORG Partners LLC purchased a new position in shares of PVH in the second quarter worth about $42,000. Institutional investors own 97.25% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PVH. Wells Fargo & Company reduced their price target on PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 28th. StockNews.com cut shares of PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. The Goldman Sachs Group dropped their price target on shares of PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Guggenheim decreased their price objective on shares of PVH from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Finally, Barclays lowered their price objective on shares of PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, PVH presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.53.

PVH Price Performance

PVH opened at $103.87 on Monday. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 8.24, a price-to-earnings-growth ratio of 0.90 and a beta of 2.11. The stock has a fifty day simple moving average of $98.46 and a two-hundred day simple moving average of $103.36. PVH Corp. has a 12-month low of $85.49 and a 12-month high of $141.15.

PVH (NYSE:PVH) last issued its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.72. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. PVH’s revenue was down 6.0% on a year-over-year basis. During the same period last year, the company posted $1.98 EPS. Research analysts predict that PVH Corp. will post 11.66 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, December 18th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend is Wednesday, November 27th. PVH’s payout ratio is 1.19%.

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.