PVH Corp. $PVH Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its holdings in PVH Corp. (NYSE:PVH) by 54.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,673 shares of the textile maker’s stock after selling 142,456 shares during the quarter. JPMorgan Chase & Co.’s holdings in PVH were worth $10,110,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PVH. Allspring Global Investments Holdings LLC grew its position in PVH by 0.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,072,713 shares of the textile maker’s stock worth $176,471,000 after buying an additional 15,700 shares during the last quarter. LSV Asset Management lifted its position in shares of PVH by 47.8% during the 3rd quarter. LSV Asset Management now owns 1,963,303 shares of the textile maker’s stock valued at $164,466,000 after acquiring an additional 634,887 shares during the last quarter. American Century Companies Inc. lifted its position in shares of PVH by 31.8% during the 2nd quarter. American Century Companies Inc. now owns 1,059,155 shares of the textile maker’s stock valued at $72,658,000 after acquiring an additional 255,755 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of PVH during the 3rd quarter worth $74,338,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of PVH by 79.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker’s stock worth $35,778,000 after acquiring an additional 245,740 shares in the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Trading Down 1.1%

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

PVH (NYSE:PVH) last posted its quarterly earnings results on Wednesday, December 3rd. The textile maker reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.27. PVH had a net margin of 3.87% and a return on equity of 11.44%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the firm earned $3.03 earnings per share. The firm’s revenue was up 1.7% compared to the same quarter last year. As a group, analysts predict that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be given 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 dividend payout ratio is presently 2.25%.

Wall Street Analyst Weigh In

PVH has been the topic of a number of recent analyst reports. Wall Street Zen lowered PVH from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Jefferies Financial Group decreased their price target 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 restated a “buy” rating and set a $100.00 price objective on shares of PVH in a 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, Wells Fargo & Company decreased their target price on shares of PVH from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Friday, December 5th. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $89.73.

PVH Company Profile

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.