Thrivent Financial for Lutherans Lowers Holdings in PVH Corp. (NYSE:PVH)

Thrivent Financial for Lutherans reduced its stake in PVH Corp. (NYSE:PVH) by 15.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,889 shares of the textile maker’s stock after selling 11,526 shares during the period. Thrivent Financial for Lutherans owned approximately 0.11% of PVH worth $6,552,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new stake in PVH during the 1st quarter valued at about $26,000. Riverview Trust Co bought a new stake in shares of PVH during the first quarter valued at approximately $36,000. Headlands Technologies LLC purchased a new position in PVH in the 1st quarter worth approximately $36,000. Daiwa Securities Group Inc. bought a new position in PVH in the 1st quarter valued at approximately $42,000. Finally, ORG Partners LLC purchased a new stake in PVH during the 2nd quarter valued at $42,000. 97.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PVH. Morgan Stanley lowered 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. StockNews.com cut shares of PVH from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. Evercore ISI lifted their price target on shares of PVH from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. The Goldman Sachs Group lowered their price objective on shares of PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Finally, BMO Capital Markets cut their target price on shares of PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a research report on Wednesday, August 28th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $130.40.

PVH Stock Up 2.7 %

PVH stock opened at $97.51 on Friday. The business’s 50-day moving average price is $97.83 and its 200-day moving average price is $109.32. The stock has a market cap of $5.44 billion, a P/E ratio of 8.63, a PEG ratio of 0.75 and a beta of 2.12. PVH Corp. has a twelve month low of $69.27 and a twelve month high of $141.15. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32.

PVH (NYSE:PVH) last posted its quarterly 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 business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.07 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. The company’s revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.98 earnings per share. On average, equities research analysts forecast that PVH Corp. will post 11.59 EPS for the current year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date of this dividend was Wednesday, September 4th. PVH’s dividend payout ratio (DPR) is 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.