Mutual of America Capital Management LLC Decreases Stock Position in PVH Corp. (NYSE:PVH)

Mutual of America Capital Management LLC reduced its position in PVH Corp. (NYSE:PVH) by 8.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,414 shares of the textile maker’s stock after selling 3,121 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of PVH worth $3,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in shares of PVH by 234.1% in the first quarter. Principal Financial Group Inc. now owns 741,151 shares of the textile maker’s stock worth $104,213,000 after acquiring an additional 519,316 shares during the period. Balyasny Asset Management L.P. boosted its holdings in shares of PVH by 711.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 341,506 shares of the textile maker’s stock worth $41,705,000 after acquiring an additional 299,418 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of PVH by 14.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock worth $245,668,000 after acquiring an additional 296,040 shares during the period. Pzena Investment Management LLC boosted its holdings in shares of PVH by 5.3% in the second quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock worth $595,382,000 after acquiring an additional 284,269 shares during the period. Finally, WINTON GROUP Ltd bought a new position in shares of PVH in the second quarter worth $15,589,000. 97.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PVH shares. Evercore ISI lifted their price objective on PVH from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. The Goldman Sachs Group dropped their price objective on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. TD Cowen dropped their price objective on PVH from $149.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Wedbush reissued an “outperform” rating and set a $128.00 price objective on shares of PVH in a research note on Wednesday, June 5th. Finally, Bank of America dropped their price objective on PVH from $133.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.40.

PVH Stock Down 0.1 %

PVH opened at $97.00 on Tuesday. The company has a market cap of $5.41 billion, a P/E ratio of 8.58, a P/E/G ratio of 0.74 and a beta of 2.12. The business’s 50-day moving average price is $98.31 and its 200-day moving average price is $109.77. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. PVH Corp. has a 12 month low of $69.27 and a 12 month high of $141.15.

PVH (NYSE:PVH) last released its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, topping the consensus estimate of $2.29 by $0.72. PVH had a return on equity of 13.94% and a net margin of 8.37%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the previous year, the business earned $1.98 earnings per share. The company’s quarterly revenue was down 6.0% on a year-over-year basis. On average, equities analysts expect that PVH Corp. will post 11.59 EPS for the current year.

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be issued a dividend of $0.0375 per share. 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%.

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.