JPMorgan Chase & Co. Sells 98,229 Shares of PVH Corp. (NYSE:PVH)

JPMorgan Chase & Co. trimmed its holdings in PVH Corp. (NYSE:PVH - Free Report) by 38.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,437 shares of the textile maker's stock after selling 98,229 shares during the period. JPMorgan Chase & Co. owned approximately 0.28% of PVH worth $16,437,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PVH. UMB Bank n.a. grew its position in shares of PVH by 78.5% in the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock valued at $30,000 after purchasing an additional 124 shares in the last quarter. GAMMA Investing LLC grew its holdings in PVH by 36.0% during the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock valued at $52,000 after buying an additional 129 shares in the last quarter. Assetmark Inc. increased its position in shares of PVH by 11.8% during the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker's stock valued at $153,000 after buying an additional 153 shares during the period. Signaturefd LLC lifted its holdings in shares of PVH by 11.0% in the fourth quarter. Signaturefd LLC now owns 1,569 shares of the textile maker's stock worth $166,000 after buying an additional 156 shares in the last quarter. Finally, Central Pacific Bank Trust Division boosted its position in shares of PVH by 15.9% in the fourth quarter. Central Pacific Bank Trust Division now owns 1,750 shares of the textile maker's stock valued at $185,000 after acquiring an additional 240 shares during the period. Institutional investors own 97.25% of the company's stock.

Remove Ads

PVH Trading Down 2.5 %

Shares of PVH stock traded down $1.78 during trading on Tuesday, reaching $68.51. 1,138,591 shares of the stock were exchanged, compared to its average volume of 950,724. The stock's fifty day moving average is $71.22 and its 200 day moving average is $90.39. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 5.58, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. PVH Corp. has a 1 year low of $59.28 and a 1 year high of $124.68.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, topping analysts' consensus estimates of $3.19 by $0.08. PVH had a return on equity of 13.66% and a net margin of 8.13%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the firm posted $3.72 earnings per share. The firm's revenue was down 4.8% on a year-over-year basis. As a group, equities research analysts expect that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a $0.0375 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. PVH's payout ratio is currently 1.42%.

Analysts Set New Price Targets

Several research analysts have commented on PVH shares. Telsey Advisory Group reissued an "outperform" rating and issued a $90.00 price target on shares of PVH in a report on Tuesday, April 1st. Morgan Stanley decreased their target price on PVH from $95.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Jefferies Financial Group dropped their price target on PVH from $101.00 to $80.00 and set a "hold" rating for the company in a research report on Wednesday, April 2nd. Evercore ISI decreased their price objective on shares of PVH from $139.00 to $105.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. Finally, StockNews.com raised shares of PVH from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $105.40.

PVH Profile

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.