Quadrature Capital Ltd Sells 12,471 Shares of PVH Corp. (NYSE:PVH)

Quadrature Capital Ltd trimmed its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 55.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,822 shares of the textile maker's stock after selling 12,471 shares during the quarter. Quadrature Capital Ltd's holdings in PVH were worth $990,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PVH. Altshuler Shaham Ltd bought a new position in shares of PVH in the 2nd quarter valued at approximately $25,000. Venturi Wealth Management LLC raised its holdings in PVH by 63.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker's stock worth $27,000 after acquiring an additional 106 shares during the period. Covestor Ltd boosted its stake in PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker's stock valued at $41,000 after purchasing an additional 295 shares during the period. ORG Partners LLC bought a new position in PVH during the second quarter worth $42,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in PVH by 116.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker's stock valued at $43,000 after purchasing an additional 228 shares during the period. 97.25% of the stock is currently owned by institutional investors.

PVH Trading Down 1.5 %

Shares of PVH stock traded down $1.68 during trading on Friday, reaching $107.18. 1,200,872 shares of the company were exchanged, compared to its average volume of 684,510. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 8.73, a P/E/G ratio of 1.01 and a beta of 2.10. The business has a 50-day moving average price of $100.86 and a 200-day moving average price of $103.02. PVH Corp. has a twelve month low of $89.56 and a twelve month 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.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping analysts' consensus estimates of $2.59 by $0.44. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.77%. The firm's quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.90 EPS. Sell-side analysts anticipate that PVH Corp. will post 11.63 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors 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 yield of 0.14%. PVH's dividend payout ratio (DPR) is presently 1.22%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PVH shares. Telsey Advisory Group reissued an "outperform" rating and set a $130.00 target price on shares of PVH in a research report on Wednesday. Wells Fargo & Company lowered their price objective on PVH from $145.00 to $130.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 28th. Morgan Stanley decreased their price target 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 dropped their price objective 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, Barclays decreased their target price on shares of PVH from $154.00 to $142.00 and set an "overweight" rating on the stock in a research report on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $127.87.

PVH 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.