Blue Trust Inc. Decreases Position in PVH Corp. (NYSE:PVH)

Blue Trust Inc. reduced its position in shares of PVH Corp. (NYSE:PVH) by 44.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 624 shares of the textile maker’s stock after selling 501 shares during the period. Blue Trust Inc.’s holdings in PVH were worth $66,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC lifted its position in PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after buying an additional 106 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after acquiring an additional 124 shares during the period. Covestor Ltd boosted its position in shares of PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 295 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of PVH by 116.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 228 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 129 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. lowered shares of PVH from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $149.00 to $113.00 in a report on Friday, January 24th. Jefferies Financial Group decreased their price objective on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. Morgan Stanley cut their target price on PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Guggenheim upped their price target on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, StockNews.com cut PVH from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, PVH presently has an average rating of “Moderate Buy” and an average target price of $119.07.

Insider Activity at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the transaction, the executive vice president now directly owns 23,103 shares in the company, valued at approximately $2,437,366.50. This trade represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

PVH Stock Down 0.3 %

Shares of NYSE PVH opened at $78.46 on Tuesday. The firm’s 50 day moving average price is $93.77 and its 200 day moving average price is $97.91. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The firm has a market cap of $4.36 billion, a P/E ratio of 6.39, a price-to-earnings-growth ratio of 0.77 and a beta of 2.06. PVH Corp. has a 1 year low of $76.34 and a 1 year high of $141.15.

PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. During the same quarter last year, the business earned $2.90 EPS. PVH’s revenue for the quarter was down 4.6% on a year-over-year basis. As a group, sell-side analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a $0.0375 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.19%. PVH’s dividend payout ratio (DPR) is presently 1.22%.

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.