Inspire Investing LLC Sells 695 Shares of PVH Corp. (NYSE:PVH)

Inspire Investing LLC lowered its holdings in shares of PVH Corp. (NYSE:PVH) by 7.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,591 shares of the textile maker’s stock after selling 695 shares during the period. Inspire Investing LLC’s holdings in PVH were worth $910,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in PVH by 1.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,840 shares of the textile maker’s stock worth $1,202,000 after purchasing an additional 141 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of PVH by 68.4% in the fourth quarter. Corient Private Wealth LLC now owns 7,765 shares of the textile maker’s stock worth $948,000 after acquiring an additional 3,154 shares during the period. Franklin Resources Inc. boosted its holdings in PVH by 1,954.3% in the fourth quarter. Franklin Resources Inc. now owns 352,448 shares of the textile maker’s stock valued at $43,041,000 after acquiring an additional 335,291 shares during the last quarter. Oxford Asset Management LLP acquired a new stake in PVH during the 4th quarter valued at approximately $233,000. Finally, Team Hewins LLC bought a new position in PVH during the 4th quarter worth approximately $360,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Stock Down 0.4 %

PVH stock opened at $97.13 on Friday. 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’s fifty day moving average price is $98.66 and its two-hundred day moving average price is $110.70. The firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 0.74 and a beta of 2.12. PVH Corp. has a 1-year low of $69.27 and a 1-year high of $141.15.

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

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date of this dividend is Wednesday, September 4th. PVH’s payout ratio is currently 1.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PVH shares. Wells Fargo & Company reduced their price objective on shares of PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 28th. BMO Capital Markets decreased their price target on PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a report on Wednesday, August 28th. Evercore ISI boosted 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. Bank of America cut their target price on PVH from $133.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Finally, Wedbush reiterated an “outperform” rating and issued a $128.00 target price on shares of PVH in a report on Wednesday, June 5th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.40.

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.