BNP Paribas Financial Markets Trims Stock Position in PVH Corp. (NYSE:PVH)

BNP Paribas Financial Markets decreased its position in PVH Corp. (NYSE:PVH - Free Report) by 22.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,626 shares of the textile maker's stock after selling 8,513 shares during the period. BNP Paribas Financial Markets owned 0.05% of PVH worth $2,987,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. grew its position in PVH by 13,275.0% in the second quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker's stock worth $129,395,000 after acquiring an additional 1,213,069 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of PVH by 14.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker's stock worth $245,668,000 after purchasing an additional 296,040 shares during the period. Point72 Asset Management L.P. increased its position in shares of PVH by 6,471.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 289,139 shares of the textile maker's stock worth $30,611,000 after purchasing an additional 284,739 shares during the last quarter. Pzena Investment Management LLC raised its holdings in PVH by 5.3% in the 2nd quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker's stock valued at $595,382,000 after buying an additional 284,269 shares during the period. Finally, Swedbank AB acquired a new position in PVH in the third quarter valued at about $17,542,000. Institutional investors and hedge funds own 97.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. StockNews.com cut PVH from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 16th. BMO Capital Markets reduced their price target on shares of PVH from $119.00 to $106.00 and set a "market perform" rating for the company in a research report on Wednesday, August 28th. TD Cowen lowered their target price on shares of PVH from $149.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday, August 29th. The Goldman Sachs Group decreased their price target on shares of PVH from $144.00 to $124.00 and set a "buy" rating for the company in a research note on Thursday, August 29th. Finally, Wells Fargo & Company dropped their price objective on shares of PVH from $145.00 to $130.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 28th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $127.87.

PVH Price Performance

PVH stock traded down $1.68 during midday trading on Friday, reaching $107.18. The company's stock had a trading volume of 1,200,872 shares, compared to its average volume of 844,189. The stock's 50 day simple moving average is $100.72 and its 200 day simple moving average is $103.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. The firm has a market capitalization of $5.98 billion, a PE ratio of 8.73, a P/E/G ratio of 1.00 and a beta of 2.10. PVH Corp. has a fifty-two week low of $89.56 and a fifty-two week high of $141.15.

PVH (NYSE:PVH - Get Free Report) last issued its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.44. The company had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.22 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. The firm's quarterly revenue was down 4.6% compared to the same quarter last year. During the same period last year, the company posted $2.90 earnings per share. On average, equities research analysts forecast that PVH Corp. will post 11.75 earnings per share for the current year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend is Wednesday, November 27th. PVH's dividend payout ratio (DPR) is 1.22%.

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.