Meeder Asset Management Inc. Sells 5,211 Shares of PVH Corp. (NYSE:PVH)

Meeder Asset Management Inc. trimmed its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 83.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,067 shares of the textile maker's stock after selling 5,211 shares during the period. Meeder Asset Management Inc.'s holdings in PVH were worth $108,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Pzena Investment Management LLC boosted its stake in PVH by 5.3% during the second 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of PVH by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker's stock valued at $333,375,000 after purchasing an additional 55,293 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of PVH by 14.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker's stock valued at $245,668,000 after purchasing an additional 296,040 shares during the period. Pacer Advisors Inc. boosted its position in shares of PVH by 13,275.0% in the 2nd quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker's stock valued at $129,395,000 after purchasing an additional 1,213,069 shares during the period. Finally, LSV Asset Management boosted its position in shares of PVH by 15.7% in the 2nd quarter. LSV Asset Management now owns 916,002 shares of the textile maker's stock valued at $96,977,000 after purchasing an additional 124,309 shares during the period. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Stock Down 2.2 %

Shares of PVH stock opened at $96.47 on Thursday. The stock's 50 day simple moving average is $98.16 and its 200 day simple moving average is $103.60. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. PVH Corp. has a twelve month low of $85.33 and a twelve month high of $141.15. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 0.89 and a beta of 2.11.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, beating analysts' consensus estimates of $2.29 by $0.72. PVH had a return on equity of 13.94% and a net margin of 8.37%. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the business earned $1.98 EPS. The firm's revenue was down 6.0% compared to the same quarter last year. As a group, research analysts predict that PVH Corp. will post 11.66 EPS for the current year.

PVH Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend is Wednesday, November 27th. PVH's dividend payout ratio (DPR) is currently 1.19%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PVH shares. Guggenheim decreased their price target on PVH from $120.00 to $105.00 and set a "buy" rating for the company in a research report on Monday, October 28th. BMO Capital Markets decreased their price target on PVH from $119.00 to $106.00 and set a "market perform" rating for the company in a research report on Wednesday, August 28th. Bank of America lowered PVH from a "buy" rating to a "neutral" rating and decreased their price target for the company from $130.00 to $107.00 in a research report on Wednesday, October 2nd. StockNews.com downgraded PVH from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 16th. Finally, Telsey Advisory Group reduced their price objective on PVH from $140.00 to $130.00 and set an "outperform" rating for the company in a research note on Thursday, August 29th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, PVH has an average rating of "Moderate Buy" and an average price target 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.