SG Americas Securities LLC Has $311,000 Stock Position in PVH Corp. (NYSE:PVH)

SG Americas Securities LLC lessened its holdings in PVH Corp. (NYSE:PVH - Free Report) by 66.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,082 shares of the textile maker's stock after selling 6,081 shares during the quarter. SG Americas Securities LLC's holdings in PVH were worth $311,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new stake in PVH in the first quarter valued at about $26,000. Altshuler Shaham Ltd bought a new stake in shares of PVH in the 2nd quarter valued at approximately $25,000. Headlands Technologies LLC acquired a new position in shares of PVH in the 1st quarter worth approximately $36,000. Riverview Trust Co bought a new position in shares of PVH during the 1st quarter worth approximately $36,000. Finally, Daiwa Securities Group Inc. acquired a new stake in PVH in the 1st quarter valued at $42,000. Institutional investors and hedge funds own 97.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. TD Cowen dropped their price objective on PVH from $149.00 to $135.00 and set a "buy" rating for the company in a research note on Thursday, August 29th. StockNews.com downgraded shares of PVH from a "strong-buy" rating to a "buy" rating in a report on Friday, August 16th. Morgan Stanley decreased their price objective on shares of PVH from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Friday, September 6th. The Goldman Sachs Group cut their target price 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 reduced their target price on PVH from $145.00 to $130.00 and set an "overweight" rating on the stock in a report on Wednesday, August 28th. Five research 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.87.

PVH Trading Up 0.9 %

PVH stock traded up $0.94 during trading hours on Friday, reaching $101.03. 541,741 shares of the company's stock traded hands, compared to its average volume of 858,099. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 0.88 and a beta of 2.11. 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 fifty-two week low of $71.32 and a fifty-two week high of $141.15. The firm's 50 day moving average is $97.75 and its 200-day moving average is $105.17.

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

PVH Announces Dividend

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

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.