Assetmark Inc. Sells 116 Shares of PVH Corp. (NYSE:PVH)

Assetmark Inc. lessened its position in PVH Corp. (NYSE:PVH) by 8.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,298 shares of the textile maker’s stock after selling 116 shares during the quarter. Assetmark Inc.’s holdings in PVH were worth $131,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Pzena Investment Management LLC lifted its holdings in PVH by 5.3% during the 2nd quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock valued at $595,382,000 after buying an additional 284,269 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in PVH by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock valued at $333,375,000 after buying an additional 55,293 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in PVH by 14.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock valued at $245,668,000 after buying an additional 296,040 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in PVH by 13,275.0% during the 2nd quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock valued at $129,395,000 after buying an additional 1,213,069 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in PVH by 15.7% during the 2nd quarter. LSV Asset Management now owns 916,002 shares of the textile maker’s stock valued at $96,977,000 after buying an additional 124,309 shares in the last quarter. Institutional investors own 97.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PVH. Barclays decreased their price objective on shares of PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. TD Cowen cut their target price on shares of PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Bank of America downgraded shares of PVH from a “buy” rating to a “neutral” rating and cut their target price for the company from $130.00 to $107.00 in a research report on Wednesday, October 2nd. BMO Capital Markets cut their target price on shares of PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 28th. Finally, Telsey Advisory Group cut their target price on shares of PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $126.53.

PVH Stock Down 1.7 %

Shares of PVH stock opened at $102.09 on Monday. The firm’s 50 day moving average price is $97.87 and its 200-day moving average price is $103.83. 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 Corp. has a 52-week low of $81.93 and a 52-week high of $141.15. The company has a market cap of $5.70 billion, a P/E ratio of 8.10, a PEG ratio of 0.92 and a beta of 2.11.

PVH (NYSE:PVH) last issued its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.72. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.98 EPS. On average, sell-side analysts predict that PVH Corp. will post 11.66 EPS for the current fiscal year.

PVH Dividend Announcement

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

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.