Millennium Management LLC Has $12.41 Million Stock Holdings in PVH Corp. (NYSE:PVH)

Millennium Management LLC lowered its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 75.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 117,238 shares of the textile maker's stock after selling 359,889 shares during the period. Millennium Management LLC owned approximately 0.21% of PVH worth $12,412,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Altshuler Shaham Ltd acquired a new position in shares of PVH during the second quarter valued at about $25,000. New Covenant Trust Company N.A. bought a new stake in PVH in the first quarter valued at about $26,000. Riverview Trust Co bought a new stake in PVH in the first quarter valued at about $36,000. Headlands Technologies LLC bought a new stake in PVH in the first quarter valued at about $36,000. Finally, Daiwa Securities Group Inc. bought a new stake in PVH in the first quarter valued at about $42,000. Institutional investors and hedge funds own 97.25% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of PVH from $144.00 to $124.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. Bank of America cut shares of PVH from a "buy" rating to a "neutral" rating and lowered their target price for the company from $130.00 to $107.00 in a research note on Wednesday, October 2nd. StockNews.com cut shares of PVH from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 16th. Wells Fargo & Company lowered their target price 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. Finally, Barclays decreased their price objective on shares of PVH from $154.00 to $142.00 and set an "overweight" rating on the stock in a research note on Thursday, August 29th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, PVH has an average rating of "Moderate Buy" and an average price target of $128.87.

PVH Price Performance

Shares of PVH stock traded down $0.15 during trading hours on Tuesday, reaching $97.06. 472,878 shares of the company were exchanged, compared to its average volume of 868,977. PVH Corp. has a fifty-two week low of $70.13 and a fifty-two week high of $141.15. The stock's fifty day moving average is $97.45 and its two-hundred day moving average is $107.01. The company has a market cap of $5.42 billion, a price-to-earnings ratio of 8.59, a P/E/G ratio of 0.73 and a beta of 2.11. 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 (NYSE:PVH - Get Free Report) last announced its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.29 by $0.72. PVH had a net margin of 8.37% and a return on equity of 13.94%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period in the prior year, the business earned $1.98 earnings per share. PVH's quarterly revenue was down 6.0% on a year-over-year basis. Sell-side analysts forecast that PVH Corp. will post 11.59 earnings per share for the current fiscal year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a $0.0375 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $0.15 annualized dividend and a yield of 0.15%. PVH's dividend payout ratio is currently 1.33%.

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.