PVH Corp. $PVH Stake Trimmed by Intech Investment Management LLC

Intech Investment Management LLC lessened its stake in shares of PVH Corp. (NYSE:PVH) by 84.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 15,599 shares of the textile maker’s stock after selling 85,737 shares during the quarter. Intech Investment Management LLC’s holdings in PVH were worth $1,307,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in shares of PVH by 128.7% in the third quarter. Farther Finance Advisors LLC now owns 892 shares of the textile maker’s stock worth $75,000 after buying an additional 502 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of PVH by 69.0% during the third quarter. Hantz Financial Services Inc. now owns 1,053 shares of the textile maker’s stock valued at $88,000 after acquiring an additional 430 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of PVH by 183.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,081 shares of the textile maker’s stock valued at $74,000 after acquiring an additional 699 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of PVH by 54.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,201 shares of the textile maker’s stock valued at $102,000 after acquiring an additional 422 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in PVH by 12.4% in the 2nd quarter. Osaic Holdings Inc. now owns 1,672 shares of the textile maker’s stock worth $114,000 after purchasing an additional 184 shares during the period. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Stock Down 1.1%

PVH opened at $64.95 on Friday. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $89.79. The business has a 50-day moving average of $66.27 and a 200-day moving average of $75.41. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.47 and a quick ratio of 0.72. The company has a market capitalization of $2.97 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 2.18 and a beta of 1.67.

PVH (NYSE:PVH) last announced its quarterly earnings results on Wednesday, December 3rd. The textile maker reported $2.83 EPS for the quarter, beating the consensus estimate of $2.56 by $0.27. PVH had a return on equity of 11.44% and a net margin of 3.87%.The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the previous year, the business posted $3.03 EPS. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. Equities research analysts forecast that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be paid a $0.0375 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. PVH’s payout ratio is 2.25%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of PVH from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Friday, December 5th. Jefferies Financial Group decreased their target price on PVH from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of PVH in a research report on Thursday, December 4th. JPMorgan Chase & Co. upped their price objective on shares of PVH from $82.00 to $83.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Finally, BTIG Research reiterated a “buy” rating and issued a $100.00 target price on shares of PVH in a research report on Friday, December 5th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $89.73.

About PVH

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.