Wealth Enhancement Advisory Services LLC Sells 381 Shares of PVH Corp. (NYSE:PVH)

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of PVH Corp. (NYSE:PVH) by 8.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,403 shares of the textile maker’s stock after selling 381 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in PVH were worth $444,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PVH. Blair William & Co. IL boosted its position in shares of PVH by 2.9% in the first quarter. Blair William & Co. IL now owns 3,311 shares of the textile maker’s stock valued at $466,000 after acquiring an additional 92 shares during the period. Signaturefd LLC boosted its holdings in PVH by 6.7% in the 2nd quarter. Signaturefd LLC now owns 1,713 shares of the textile maker’s stock valued at $181,000 after purchasing an additional 107 shares during the period. Commonwealth Equity Services LLC grew its position in PVH by 4.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,495 shares of the textile maker’s stock worth $264,000 after purchasing an additional 108 shares during the last quarter. New Covenant Trust Company N.A. bought a new position in shares of PVH during the 1st quarter worth about $26,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of PVH by 116.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after buying an additional 228 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Stock Performance

NYSE PVH opened at $104.23 on Friday. PVH Corp. has a 1-year low of $74.81 and a 1-year high of $141.15. The company has a 50 day moving average of $97.27 and a 200-day moving average of $104.23. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 0.93 and a beta of 2.11.

PVH (NYSE:PVH) last released its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.72. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. The business’s revenue was down 6.0% on a year-over-year basis. During the same period last year, the firm posted $1.98 EPS. On average, equities analysts forecast that PVH Corp. will post 11.66 earnings per share for the current fiscal year.

PVH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.15 annualized dividend and a yield of 0.14%. PVH’s dividend payout ratio (DPR) is 1.19%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PVH shares. TD Cowen decreased their target price on PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Wells Fargo & Company decreased their price objective on PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, August 28th. Telsey Advisory Group cut their target price on PVH from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Barclays decreased their price target on shares of PVH from $154.00 to $142.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Finally, Morgan Stanley dropped their price objective on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Friday, September 6th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $126.53.

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.