PVH Corp. (NYSE:PVH) Stake Lessened by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. trimmed its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 81.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,882 shares of the textile maker's stock after selling 8,195 shares during the period. Point72 Asia Singapore Pte. Ltd.'s holdings in PVH were worth $190,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Venturi Wealth Management LLC lifted its position in shares of PVH by 63.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker's stock valued at $27,000 after acquiring an additional 106 shares during the period. Signaturefd LLC raised its position in shares of PVH by 6.7% during the 2nd quarter. Signaturefd LLC now owns 1,713 shares of the textile maker's stock worth $181,000 after purchasing an additional 107 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of PVH by 4.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,495 shares of the textile maker's stock worth $264,000 after purchasing an additional 108 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker's stock worth $43,000 after purchasing an additional 228 shares during the last quarter. Finally, Altshuler Shaham Ltd acquired a new position in shares of PVH during the 2nd quarter worth approximately $25,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Stock Performance

NYSE PVH traded down $4.00 on Thursday, hitting $108.86. The stock had a trading volume of 2,178,957 shares, compared to its average volume of 842,671. PVH Corp. has a one year low of $89.56 and a one year high of $141.15. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 8.95, a P/E/G ratio of 1.00 and a beta of 2.10. The company's 50-day moving average is $100.50 and its two-hundred day moving average is $103.10.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.44. The business had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.22 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. The business's revenue was down 4.6% on a year-over-year basis. During the same period last year, the firm posted $2.90 earnings per share. On average, analysts expect that PVH Corp. will post 11.75 earnings per share for the current year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date is Wednesday, November 27th. PVH's dividend payout ratio (DPR) is presently 1.19%.

Analysts Set New Price Targets

PVH has been the subject of several research reports. BMO Capital Markets cut their price objective 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. Wells Fargo & Company cut their price objective on PVH from $145.00 to $130.00 and set an "overweight" rating for the company in a research report on Wednesday, August 28th. StockNews.com cut shares of PVH from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 16th. Bank of America cut shares of PVH from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $130.00 to $107.00 in a research note on Wednesday, October 2nd. Finally, TD Cowen decreased their price target on shares of PVH from $149.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, August 29th. Five 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.com, PVH has a consensus rating of "Moderate Buy" and a consensus 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.