PVH Corp. (NYSE:PVH) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC cut its holdings in shares of PVH Corp. (NYSE:PVH) by 47.8% during the third quarter, Holdings Channel.com reports. The fund owned 367 shares of the textile maker’s stock after selling 336 shares during the period. Avior Wealth Management LLC’s holdings in PVH were worth $37,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Pacer Advisors Inc. raised its position in PVH by 13,275.0% during the second quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock worth $129,395,000 after acquiring an additional 1,213,069 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of PVH by 14.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock worth $245,668,000 after purchasing an additional 296,040 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in PVH by 6,471.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 289,139 shares of the textile maker’s stock valued at $30,611,000 after buying an additional 284,739 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in PVH by 5.3% in the 2nd quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock worth $595,382,000 after buying an additional 284,269 shares during the last quarter. Finally, Swedbank AB purchased a new stake in PVH during the 3rd quarter worth approximately $17,542,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. BMO Capital Markets decreased their target price on PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 28th. The Goldman Sachs Group lowered their target price on shares of PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Barclays reduced their target price on shares of PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Guggenheim lowered their price target 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, Wells Fargo & Company cut their price objective on shares of PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, August 28th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, PVH currently has an average rating of “Moderate Buy” and an average target price of $126.53.

PVH Price Performance

Shares of NYSE:PVH opened at $107.74 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66. PVH Corp. has a 12 month low of $86.40 and a 12 month high of $141.15. The firm has a market capitalization of $6.01 billion, a P/E ratio of 8.55, a P/E/G ratio of 0.94 and a beta of 2.11. The company’s fifty day moving average price is $98.70 and its 200 day moving average price is $103.30.

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

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend is Wednesday, November 27th. PVH’s payout ratio is currently 1.19%.

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.