XTX Topco Ltd Trims Stock Position in PVH Corp. (NYSE:PVH)

XTX Topco Ltd lowered its position in PVH Corp. (NYSE:PVH - Free Report) by 65.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,434 shares of the textile maker's stock after selling 8,258 shares during the quarter. XTX Topco Ltd's holdings in PVH were worth $447,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in PVH by 5.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,784 shares of the textile maker's stock worth $506,000 after acquiring an additional 261 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of PVH during the 2nd quarter worth about $42,000. Blue Trust Inc. raised its holdings in PVH by 2,320.9% in the 2nd quarter. Blue Trust Inc. now owns 2,082 shares of the textile maker's stock valued at $220,000 after buying an additional 1,996 shares during the period. Raymond James & Associates lifted its position in PVH by 4.0% in the second quarter. Raymond James & Associates now owns 15,444 shares of the textile maker's stock valued at $1,635,000 after buying an additional 591 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in PVH by 10.8% during the second quarter. Nisa Investment Advisors LLC now owns 36,578 shares of the textile maker's stock worth $3,873,000 after buying an additional 3,563 shares during the period. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PVH. Barclays boosted their price target on shares of PVH from $142.00 to $144.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. The Goldman Sachs Group cut their target price on PVH from $144.00 to $124.00 and set a "buy" rating on the stock in a research report on Thursday, August 29th. Guggenheim raised their price target on PVH from $105.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Wells Fargo & Company cut their price objective on PVH from $145.00 to $130.00 and set an "overweight" rating on the stock in a report on Wednesday, August 28th. Finally, TD Cowen decreased their target price on PVH from $149.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $128.00.

PVH Stock Up 1.3 %

PVH stock traded up $1.35 during trading on Friday, reaching $108.52. The stock had a trading volume of 734,111 shares, compared to its average volume of 840,842. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. PVH Corp. has a 52-week low of $89.56 and a 52-week high of $141.15. The stock has a market cap of $6.04 billion, a PE ratio of 8.84, a P/E/G ratio of 1.10 and a beta of 2.10. The business has a 50 day moving average price of $101.99 and a 200 day moving average price of $102.75.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, topping 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 8.13% and a return on equity of 13.66%. The company's revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.90 EPS. On average, analysts predict that PVH Corp. will post 11.68 EPS for the current year.

PVH Announces Dividend

The firm 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. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. PVH's payout ratio is currently 1.22%.

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.