PVH Corp. (NYSE:PVH) Position Reduced by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its position in PVH Corp. (NYSE:PVH) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,213 shares of the textile maker’s stock after selling 121 shares during the period. Janney Montgomery Scott LLC’s holdings in PVH were worth $1,397,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its holdings in shares of PVH by 63.9% in the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after buying an additional 106 shares during the period. UMB Bank n.a. lifted its holdings in PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 124 shares during the last quarter. 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 purchasing an additional 295 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of PVH by 116.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after purchasing an additional 228 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after purchasing an additional 129 shares in the last quarter. 97.25% of the stock is owned by institutional investors.

PVH Price Performance

Shares of PVH opened at $83.16 on Tuesday. 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 $4.63 billion, a PE ratio of 6.77, a PEG ratio of 0.91 and a beta of 2.06. The firm’s 50 day moving average price is $102.83 and its 200 day moving average price is $99.97. PVH Corp. has a twelve month low of $82.74 and a twelve month high of $141.15.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on PVH. Telsey Advisory Group restated an “outperform” rating and issued a $130.00 price target on shares of PVH in a research report on Wednesday, December 4th. Wells Fargo & Company lowered PVH from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $130.00 to $105.00 in a research report on Monday. Jefferies Financial Group dropped their price target on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. Guggenheim upped their price objective on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Morgan Stanley dropped their target price on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, PVH has a consensus rating of “Moderate Buy” and a consensus target price of $122.13.

Insider Transactions at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $105.50, for a total value of $336,123.00. Following the sale, the executive vice president now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

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.