PVH Corp. (NYSE:PVH) Position Cut by Tidal Investments LLC

Tidal Investments LLC lessened its position in shares of PVH Corp. (NYSE:PVH - Free Report) by 43.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,285 shares of the textile maker's stock after selling 4,768 shares during the period. Tidal Investments LLC's holdings in PVH were worth $634,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new position in shares of PVH in the 2nd quarter valued at $25,000. Venturi Wealth Management LLC increased 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 valued at $27,000 after purchasing an additional 106 shares in the last quarter. Covestor Ltd raised its position in PVH by 270.6% in the third 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. Allspring Global Investments Holdings LLC lifted its stake in shares of PVH by 116.3% during the third 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 in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of PVH in the third quarter worth about $67,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Stock Performance

Shares of NYSE PVH traded up $3.81 during trading on Friday, reaching $107.45. The stock had a trading volume of 1,504,271 shares, compared to its average volume of 847,199. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The stock has a market cap of $5.98 billion, a PE ratio of 8.75, a P/E/G ratio of 1.10 and a beta of 2.10. PVH Corp. has a one year low of $89.56 and a one year high of $141.15. The firm's 50 day moving average price is $103.05 and its two-hundred day moving average price is $102.45.

PVH (NYSE:PVH - Get Free Report) last released 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. PVH had a net margin of 8.13% and a return on equity of 13.66%. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the firm earned $2.90 earnings per share. The firm's revenue for the quarter was down 4.6% compared to the same quarter last year. On average, research analysts forecast that PVH Corp. will post 11.68 earnings per share for the current fiscal year.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date was Wednesday, November 27th. PVH's dividend payout ratio (DPR) is presently 1.22%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Guggenheim boosted 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. Telsey Advisory Group restated an "outperform" rating and issued a $130.00 target price on shares of PVH in a research note on Wednesday, December 4th. BMO Capital Markets dropped their price target on shares of PVH from $119.00 to $106.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 28th. TD Cowen decreased their price objective 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. Finally, Barclays raised their target price on PVH from $142.00 to $144.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus 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.