LPL Financial LLC Lowers Position in PVH Corp. (NYSE:PVH)

LPL Financial LLC reduced its stake in PVH Corp. (NYSE:PVH) by 17.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,571 shares of the textile maker’s stock after selling 1,151 shares during the period. LPL Financial LLC’s holdings in PVH were worth $589,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. UMB Bank n.a. increased its position in shares of PVH by 78.5% during the fourth 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. Proficio Capital Partners LLC acquired a new stake in PVH in the 4th quarter valued at approximately $41,000. Allworth Financial LP purchased a new stake in PVH in the fourth quarter valued at approximately $50,000. GAMMA Investing LLC lifted its stake in PVH by 36.0% during the fourth 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. Finally, Smartleaf Asset Management LLC boosted its position in shares of PVH by 96.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker’s stock worth $65,000 after buying an additional 303 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Stock Up 0.5 %

Shares of NYSE PVH opened at $71.99 on Thursday. The business has a 50-day moving average of $70.03 and a two-hundred day moving average of $89.15. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 5.86, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89. PVH Corp. has a 1 year low of $59.28 and a 1 year high of $124.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69.

PVH (NYSE:PVH) last announced its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.08. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.72 earnings per share. On average, analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Wednesday, March 5th. PVH’s payout ratio is 1.42%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PVH shares. StockNews.com downgraded PVH from a “buy” rating to a “hold” rating in a report on Friday, April 18th. UBS Group cut their price target on shares of PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Barclays raised their price objective on shares of PVH from $98.00 to $103.00 and gave the company an “overweight” rating in a research note on Thursday, April 3rd. JPMorgan Chase & Co. cut their target price on shares of PVH from $91.00 to $87.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, Jefferies Financial Group decreased their price target on shares of PVH from $101.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, April 2nd. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.40.

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.