Brooklyn Investment Group Sells 115 Shares of PVH Corp. (NYSE:PVH)

Brooklyn Investment Group trimmed its position in PVH Corp. (NYSE:PVH) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,626 shares of the textile maker’s stock after selling 115 shares during the period. Brooklyn Investment Group’s holdings in PVH were worth $489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of PVH. Scientech Research LLC increased its holdings in PVH by 608.6% in the 2nd quarter. Scientech Research LLC now owns 11,344 shares of the textile maker’s stock valued at $1,201,000 after buying an additional 9,743 shares during the period. Franklin Resources Inc. boosted its stake in shares of PVH by 5.9% in the 3rd quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker’s stock valued at $26,942,000 after purchasing an additional 15,483 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of PVH by 37.4% during the 2nd quarter. American Century Companies Inc. now owns 80,021 shares of the textile maker’s stock valued at $8,472,000 after purchasing an additional 21,790 shares during the last quarter. Renaissance Technologies LLC acquired a new position in PVH during the 2nd quarter worth approximately $6,995,000. Finally, Sei Investments Co. lifted its stake in PVH by 30.1% in the 2nd quarter. Sei Investments Co. now owns 160,058 shares of the textile maker’s stock valued at $16,946,000 after purchasing an additional 37,012 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

Insider Buying and Selling at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the transaction, the executive vice president now owns 23,103 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

PVH Trading Up 0.6 %

NYSE:PVH opened at $92.72 on Friday. PVH Corp. has a 12 month low of $88.60 and a 12 month high of $141.15. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 1.02 and a beta of 2.09. The firm has a fifty day simple moving average of $105.01 and a two-hundred day simple moving average of $101.06.

PVH (NYSE:PVH) last issued its earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating 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 business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the company posted $2.90 EPS. The firm’s revenue was down 4.6% compared to the same quarter last year. Analysts expect that PVH Corp. will post 11.68 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.0375 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%. PVH’s dividend payout ratio (DPR) is presently 1.22%.

Analysts Set New Price Targets

A number of research analysts have recently commented on PVH shares. Barclays increased their price target on PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Bank of America lowered PVH from a “buy” rating to a “neutral” rating and cut their price target for the company from $130.00 to $107.00 in a research note on Wednesday, October 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 price objective on shares of PVH in a research note on Wednesday, December 4th. Finally, Guggenheim lifted their target price on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, PVH presently has an average rating of “Moderate Buy” and an average price target of $128.00.

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.