Prudential Financial Inc. Sells 66,216 Shares of PVH Corp. (NYSE:PVH)

Prudential Financial Inc. cut its position in shares of PVH Corp. (NYSE:PVH - Free Report) by 82.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,683 shares of the textile maker's stock after selling 66,216 shares during the quarter. Prudential Financial Inc.'s holdings in PVH were worth $1,397,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PVH. UMB Bank n.a. grew its position in PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock worth $30,000 after buying an additional 124 shares in the last quarter. Proficio Capital Partners LLC bought a new position in PVH during the fourth quarter worth about $41,000. Allworth Financial LP bought a new position in PVH during the fourth quarter worth about $50,000. GAMMA Investing LLC lifted its stake in PVH by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock worth $52,000 after purchasing an additional 129 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in PVH by 96.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker's stock worth $65,000 after purchasing an additional 303 shares during the period. 97.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PVH has been the subject of a number of research analyst reports. Morgan Stanley cut their target price on shares of PVH from $95.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. cut shares of PVH from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $149.00 to $113.00 in a research report on Friday, January 24th. Jefferies Financial Group dropped their price objective on shares of PVH from $101.00 to $80.00 and set a "hold" rating for the company in a research report on Wednesday, April 2nd. The Goldman Sachs Group dropped their price objective on shares of PVH from $128.00 to $109.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $90.00 target price on shares of PVH in a report on Tuesday, April 1st. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, PVH currently has an average rating of "Moderate Buy" and an average target price of $107.13.

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PVH Stock Down 2.5 %

Shares of PVH stock traded down $1.79 during trading hours on Thursday, reaching $68.91. 363,306 shares of the company's stock were exchanged, compared to its average volume of 941,323. The company has a 50 day moving average of $71.95 and a two-hundred day moving average of $91.02. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $124.68. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The stock has a market cap of $3.63 billion, a P/E ratio of 5.61, a P/E/G ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings data 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 net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the business posted $3.72 EPS. The company's quarterly revenue was down 4.8% on a year-over-year basis. On average, sell-side analysts forecast that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.15 annualized dividend and a yield of 0.22%. PVH's dividend payout ratio (DPR) is presently 1.42%.

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.