PVH Corp. (NYSE:PVH) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 25.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,596 shares of the textile maker's stock after selling 9,001 shares during the quarter. Amalgamated Bank's holdings in PVH were worth $2,682,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new stake in PVH during the 1st quarter worth approximately $26,000. Altshuler Shaham Ltd acquired a new stake in shares of PVH in the 2nd quarter valued at $25,000. Headlands Technologies LLC acquired a new stake in shares of PVH in the 1st quarter valued at $36,000. Daiwa Securities Group Inc. acquired a new stake in shares of PVH in the 1st quarter valued at $42,000. Finally, ORG Partners LLC acquired a new stake in shares of PVH in the 2nd quarter valued at $42,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Stock Performance

Shares of PVH stock traded down $1.88 during mid-day trading on Monday, hitting $102.35. The stock had a trading volume of 586,401 shares, compared to its average volume of 845,440. PVH Corp. has a fifty-two week low of $75.23 and a fifty-two week high of $141.15. The firm has a market cap of $5.71 billion, a PE ratio of 8.27, a PEG ratio of 0.94 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. The company's 50-day simple moving average is $97.27 and its 200-day simple moving average is $104.10.

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

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.15%. The ex-dividend date of this dividend is Wednesday, November 27th. PVH's dividend payout ratio (DPR) is 1.19%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of PVH from $144.00 to $124.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. BMO Capital Markets reduced their price objective on shares of PVH from $119.00 to $106.00 and set a "market perform" rating on the stock in a report on Wednesday, August 28th. TD Cowen dropped their target price on shares of PVH from $149.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday, August 29th. Guggenheim dropped their target price on shares of PVH from $120.00 to $105.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Finally, StockNews.com downgraded shares of PVH from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 16th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, PVH presently has a consensus rating of "Moderate Buy" and an average price target of $126.53.

PVH Company 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.