Choreo LLC Sells 898 Shares of PVH Corp. (NYSE:PVH)

Choreo LLC lowered its position in PVH Corp. (NYSE:PVH) by 17.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,185 shares of the textile maker’s stock after selling 898 shares during the quarter. Choreo LLC’s holdings in PVH were worth $442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of PVH. Pzena Investment Management LLC boosted its stake in shares of PVH by 0.6% in the 3rd quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker’s stock valued at $570,295,000 after purchasing an additional 32,300 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in PVH by 9.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock worth $255,011,000 after purchasing an additional 208,648 shares during the last quarter. Pacer Advisors Inc. boosted its position in PVH by 2.2% during the fourth quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker’s stock valued at $184,263,000 after buying an additional 36,719 shares during the period. Victory Capital Management Inc. grew its stake in shares of PVH by 14.4% during the third quarter. Victory Capital Management Inc. now owns 712,403 shares of the textile maker’s stock valued at $71,832,000 after buying an additional 89,790 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of PVH by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 623,010 shares of the textile maker’s stock worth $62,818,000 after buying an additional 3,745 shares during the period. 97.25% of the stock is currently owned by institutional investors.

Insider Activity at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the transaction, the executive vice president now owns 23,103 shares of the company’s stock, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PVH has been the topic of several recent research reports. StockNews.com lowered PVH from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. lowered PVH from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $149.00 to $113.00 in a research note on Friday, January 24th. Guggenheim lifted their target price on shares of PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Barclays dropped their price target on shares of PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group cut their price target on shares of PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.07.

PVH Stock Down 1.1 %

PVH stock opened at $77.69 on Thursday. PVH Corp. has a fifty-two week low of $76.34 and a fifty-two week high of $141.15. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 6.33, a price-to-earnings-growth ratio of 0.78 and a beta of 2.06. The business’s 50 day moving average price is $98.59 and its two-hundred day moving average price is $98.95. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

PVH (NYSE:PVH) last issued its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.44. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.90 earnings per share. As a group, analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.19%. PVH’s payout ratio is 1.22%.

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.