PVH Corp. (NYSE:PVH) Shares Sold by State Street Corp

State Street Corp lowered its position in PVH Corp. (NYSE:PVH - Free Report) by 0.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,723,536 shares of the textile maker's stock after selling 6,214 shares during the period. State Street Corp owned 3.09% of PVH worth $173,784,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Systematic Financial Management LP acquired a new position in shares of PVH during the 3rd quarter valued at about $712,000. Quantinno Capital Management LP raised its stake in PVH by 18.5% during the third quarter. Quantinno Capital Management LP now owns 37,306 shares of the textile maker's stock worth $3,762,000 after purchasing an additional 5,817 shares during the period. Redwood Investment Management LLC boosted its holdings in PVH by 4.1% in the 3rd quarter. Redwood Investment Management LLC now owns 13,647 shares of the textile maker's stock valued at $1,371,000 after purchasing an additional 534 shares during the last quarter. Petrus Trust Company LTA grew its stake in shares of PVH by 42.8% in the 3rd quarter. Petrus Trust Company LTA now owns 12,188 shares of the textile maker's stock valued at $1,229,000 after buying an additional 3,652 shares during the period. Finally, Clearline Capital LP increased its holdings in shares of PVH by 43.7% during the 3rd quarter. Clearline Capital LP now owns 127,745 shares of the textile maker's stock worth $12,881,000 after buying an additional 38,864 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company's stock.

PVH Price Performance

Shares of PVH traded up $0.18 on Friday, reaching $107.35. The stock had a trading volume of 277,782 shares, compared to its average volume of 842,291. PVH Corp. has a twelve month low of $89.56 and a twelve month high of $141.15. The firm has a market capitalization of $5.97 billion, a PE ratio of 8.73, a PEG ratio of 1.12 and a beta of 2.10. The firm has a 50-day moving average of $101.78 and a 200 day moving average of $102.96. 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 (NYSE:PVH - Get Free Report) last posted its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.44. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. PVH's revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.90 earnings per share. Sell-side analysts expect that PVH Corp. will post 11.68 EPS for the current year.

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders 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 1.22%.

Analysts Set New Price Targets

Several brokerages recently weighed in on PVH. Guggenheim increased their price objective on PVH from $105.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. TD Cowen decreased their price objective on shares of PVH from $149.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. The Goldman Sachs Group lowered 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. Wells Fargo & Company reduced their price target on PVH from $145.00 to $130.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 28th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $130.00 price target on shares of PVH in a research note on Wednesday, December 4th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, PVH has an average rating of "Moderate Buy" and a consensus target price of $128.00.

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.