Jacobs Levy Equity Management Inc. Trims Stock Holdings in PVH Corp. (NYSE:PVH)

Jacobs Levy Equity Management Inc. cut its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 40.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,311 shares of the textile maker's stock after selling 73,632 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.20% of PVH worth $11,022,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PVH. Altshuler Shaham Ltd acquired a new stake in shares of PVH in the second quarter valued at approximately $25,000. Venturi Wealth Management LLC raised its stake in PVH by 63.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker's stock valued at $27,000 after acquiring an additional 106 shares during the period. Covestor Ltd lifted its holdings in PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker's stock valued at $41,000 after purchasing an additional 295 shares during the last quarter. ORG Partners LLC bought a new position in PVH during the second quarter worth $42,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of PVH by 116.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker's stock valued at $43,000 after purchasing an additional 228 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Price Performance

PVH traded down $4.00 during trading on Thursday, hitting $108.86. 2,143,167 shares of the stock traded hands, compared to its average volume of 842,671. The business has a 50 day moving average price of $100.50 and a 200 day moving average price of $103.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66. PVH Corp. has a twelve month low of $89.56 and a twelve month high of $141.15. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 1.00 and a beta of 2.10.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, topping 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 return on equity of 13.94% and a net margin of 8.37%. PVH's revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.90 EPS. Equities research analysts forecast that PVH Corp. will post 11.75 earnings per share for the current fiscal year.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be given a $0.0375 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. PVH's dividend payout ratio is currently 1.22%.

Analyst Ratings Changes

A number of research firms have recently issued reports on PVH. Guggenheim cut their target price on shares of PVH from $120.00 to $105.00 and set a "buy" rating for the company in a research note on Monday, October 28th. BMO Capital Markets reduced their price objective on PVH from $119.00 to $106.00 and set a "market perform" rating for the company in a report on Wednesday, August 28th. Barclays decreased their target price on PVH from $154.00 to $142.00 and set an "overweight" rating on the stock in a research report on Thursday, August 29th. Bank of America cut PVH from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $130.00 to $107.00 in a report on Wednesday, October 2nd. Finally, Morgan Stanley decreased their price objective on PVH from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Friday, September 6th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.53.

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.