SG Americas Securities LLC Sells 1,684 Shares of PVH Corp. $PVH

SG Americas Securities LLC cut its holdings in shares of PVH Corp. (NYSE:PVH) by 32.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,585 shares of the textile maker’s stock after selling 1,684 shares during the quarter. SG Americas Securities LLC’s holdings in PVH were worth $246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Avantax Advisory Services Inc. boosted its holdings in shares of PVH by 5.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 3,855 shares of the textile maker’s stock valued at $249,000 after acquiring an additional 207 shares during the last quarter. Cetera Investment Advisers lifted its position in PVH by 63.5% during the first quarter. Cetera Investment Advisers now owns 6,468 shares of the textile maker’s stock valued at $418,000 after purchasing an additional 2,511 shares during the period. LPL Financial LLC boosted its holdings in PVH by 321.0% in the first quarter. LPL Financial LLC now owns 23,454 shares of the textile maker’s stock worth $1,516,000 after purchasing an additional 17,883 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in PVH in the 1st quarter worth approximately $205,000. Finally, Alberta Investment Management Corp grew its position in PVH by 41.5% in the 1st quarter. Alberta Investment Management Corp now owns 34,393 shares of the textile maker’s stock worth $2,223,000 after purchasing an additional 10,093 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on PVH. BTIG Research initiated coverage on PVH in a report on Tuesday, October 14th. They set a “buy” rating and a $100.00 price target on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $95.00 target price on shares of PVH in a report on Wednesday, November 19th. Wells Fargo & Company boosted their price target on PVH from $80.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday, August 28th. The Goldman Sachs Group upped their price target on shares of PVH from $81.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of PVH in a research note on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.44.

PVH Stock Up 0.7%

NYSE PVH opened at $84.76 on Monday. PVH Corp. has a 52 week low of $59.28 and a 52 week high of $113.47. The company has a quick ratio of 0.63, a current ratio of 1.37 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $4.08 billion, a P/E ratio of 9.50, a price-to-earnings-growth ratio of 2.54 and a beta of 1.89. The stock’s 50-day moving average price is $81.22 and its 200-day moving average price is $77.96.

PVH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 26th will be given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, November 26th. PVH’s dividend payout ratio is presently 1.68%.

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.