PVH Corp. (NYSE:PVH) Shares Sold by Interval Partners LP

Interval Partners LP reduced its stake in PVH Corp. (NYSE:PVHGet Rating) by 83.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,805 shares of the textile maker’s stock after selling 203,047 shares during the period. Interval Partners LP owned approximately 0.06% of PVH worth $3,049,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PVH. SG Americas Securities LLC increased its holdings in PVH by 44.1% in the 4th quarter. SG Americas Securities LLC now owns 4,575 shares of the textile maker’s stock valued at $488,000 after purchasing an additional 1,401 shares in the last quarter. Raymond James & Associates increased its holdings in PVH by 27.7% in the 4th quarter. Raymond James & Associates now owns 16,355 shares of the textile maker’s stock valued at $1,744,000 after purchasing an additional 3,550 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in PVH by 2.0% in the 4th quarter. BNP Paribas Arbitrage SA now owns 33,590 shares of the textile maker’s stock valued at $3,582,000 after purchasing an additional 667 shares in the last quarter. HighTower Advisors LLC increased its holdings in PVH by 62.3% in the 4th quarter. HighTower Advisors LLC now owns 5,216 shares of the textile maker’s stock valued at $559,000 after purchasing an additional 2,003 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in PVH by 19.8% in the 4th quarter. Teacher Retirement System of Texas now owns 13,725 shares of the textile maker’s stock valued at $1,464,000 after purchasing an additional 2,268 shares in the last quarter. 95.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on PVH shares. Wells Fargo & Company lowered their target price on PVH from $80.00 to $70.00 and set an “equal weight” rating for the company in a research note on Thursday, July 7th. BMO Capital Markets lowered their target price on PVH from $88.00 to $79.00 and set a “market perform” rating for the company in a research note on Wednesday, August 31st. Deutsche Bank Aktiengesellschaft lowered their target price on PVH from $99.00 to $72.00 and set a “hold” rating for the company in a research note on Friday, September 2nd. Morgan Stanley lowered their target price on PVH from $83.00 to $51.00 and set an “equal weight” rating for the company in a research note on Friday, September 2nd. Finally, Guggenheim lowered their target price on PVH from $130.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, August 31st. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, PVH presently has an average rating of “Hold” and an average price target of $77.53.

PVH Stock Up 4.7 %

PVH stock opened at $60.59 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.35 and a debt-to-equity ratio of 0.41. The firm’s 50-day simple moving average is $61.58 and its 200 day simple moving average is $68.93. The stock has a market cap of $4.06 billion, a PE ratio of 4.63, a price-to-earnings-growth ratio of 7.05 and a beta of 2.03. PVH Corp. has a fifty-two week low of $53.03 and a fifty-two week high of $125.42.

PVH (NYSE:PVHGet Rating) last released its quarterly earnings results on Tuesday, August 30th. The textile maker reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. PVH had a return on equity of 12.72% and a net margin of 10.19%. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the previous year, the company posted $2.72 earnings per share. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. As a group, sell-side analysts predict that PVH Corp. will post 7.89 EPS for the current year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 7th will be issued a dividend of $0.038 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Tuesday, September 6th. PVH’s dividend payout ratio (DPR) is 1.15%.

PVH Company Profile

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PVH Corp. operates as an apparel company worldwide. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.

See Also

Institutional Ownership by Quarter for PVH (NYSE:PVH)

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