Segall Bryant & Hamill LLC Reduces Stock Position in PVH Corp. (NYSE:PVH)

Segall Bryant & Hamill LLC reduced its position in PVH Corp. (NYSE:PVH - Free Report) by 17.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,695 shares of the textile maker's stock after selling 42,265 shares during the period. Segall Bryant & Hamill LLC owned about 0.35% of PVH worth $19,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Scientech Research LLC raised its position in shares of PVH by 608.6% in the second quarter. Scientech Research LLC now owns 11,344 shares of the textile maker's stock worth $1,201,000 after acquiring an additional 9,743 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in PVH in the 1st quarter worth about $961,000. Quadrature Capital Ltd grew its holdings in PVH by 215.3% in the first quarter. Quadrature Capital Ltd now owns 23,397 shares of the textile maker's stock valued at $3,290,000 after purchasing an additional 15,976 shares during the period. American Century Companies Inc. increased its position in shares of PVH by 37.4% in the second quarter. American Century Companies Inc. now owns 80,021 shares of the textile maker's stock valued at $8,472,000 after buying an additional 21,790 shares in the last quarter. Finally, Castleark Management LLC acquired a new position in shares of PVH during the 1st quarter worth approximately $3,348,000. 97.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PVH. The Goldman Sachs Group dropped their price target on shares of PVH from $144.00 to $124.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. Telsey Advisory Group cut their target price on shares of PVH from $140.00 to $130.00 and set an "outperform" rating for the company in a research note on Thursday, August 29th. Morgan Stanley reduced their price target on shares of PVH from $120.00 to $100.00 and set an "equal weight" rating for the company in a research report on Friday, September 6th. BMO Capital Markets lowered their price objective on PVH from $119.00 to $106.00 and set a "market perform" rating on the stock in a report on Wednesday, August 28th. Finally, Guggenheim decreased their target price on PVH from $120.00 to $105.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $126.53.

PVH Trading Down 2.2 %

NYSE:PVH opened at $96.47 on Thursday. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock's 50 day simple moving average is $98.16 and its 200-day simple moving average is $103.60. PVH Corp. has a 12-month low of $85.33 and a 12-month high of $141.15. The firm has a market cap of $5.38 billion, a P/E ratio of 7.66, a PEG ratio of 0.89 and a beta of 2.11.

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

PVH Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 0.16%. PVH's dividend payout ratio is currently 1.19%.

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.