Amalgamated Bank Sells 5,153 Shares of PVH Corp. (NYSE:PVH)

Amalgamated Bank decreased its holdings in PVH Corp. (NYSE:PVH) by 12.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,597 shares of the textile maker’s stock after selling 5,153 shares during the period. Amalgamated Bank owned 0.06% of PVH worth $3,769,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its stake in PVH by 321.8% in the 1st quarter. BNP Paribas Financial Markets now owns 39,996 shares of the textile maker’s stock worth $5,624,000 after purchasing an additional 30,513 shares during the period. Allianz Asset Management GmbH boosted its position in shares of PVH by 36.2% during the fourth quarter. Allianz Asset Management GmbH now owns 209,381 shares of the textile maker’s stock worth $25,570,000 after acquiring an additional 55,601 shares during the last quarter. Capstone Investment Advisors LLC grew its stake in PVH by 115.5% during the first quarter. Capstone Investment Advisors LLC now owns 22,388 shares of the textile maker’s stock valued at $3,148,000 after acquiring an additional 11,999 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in PVH in the 1st quarter valued at $961,000. Finally, Quadrature Capital Ltd lifted its stake in PVH by 215.3% in the 1st quarter. Quadrature Capital Ltd now owns 23,397 shares of the textile maker’s stock worth $3,290,000 after purchasing an additional 15,976 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PVH shares. Bank of America cut their price objective on PVH from $133.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. TD Cowen decreased their price objective on PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Wells Fargo & Company lowered their price target 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. StockNews.com cut PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Finally, Morgan Stanley decreased their price target on PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Friday, September 6th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, PVH presently has a consensus rating of “Moderate Buy” and an average price target of $130.40.

PVH Price Performance

Shares of PVH opened at $97.13 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. The company has a 50 day moving average price of $98.45 and a 200-day moving average price of $110.05. PVH Corp. has a fifty-two week low of $69.27 and a fifty-two week high of $141.15. The stock has a market capitalization of $5.42 billion, a PE ratio of 8.60, a PEG ratio of 0.74 and a beta of 2.12.

PVH (NYSE:PVH) last posted its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.72. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.07 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. PVH’s revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.98 earnings per share. Equities analysts predict that PVH Corp. will post 11.59 earnings per share for the current fiscal year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.15 dividend on an annualized basis and a yield of 0.15%. PVH’s dividend payout ratio is presently 1.33%.

PVH Company 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.