Tidal Investments LLC cut its stake in PVH Corp. (NYSE:PVH - Free Report) by 43.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,285 shares of the textile maker's stock after selling 4,768 shares during the quarter. Tidal Investments LLC's holdings in PVH were worth $634,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Altshuler Shaham Ltd purchased a new position in PVH during the 2nd quarter valued at about $25,000. Venturi Wealth Management LLC boosted its position in shares of PVH by 63.9% in the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker's stock valued at $27,000 after acquiring an additional 106 shares during the period. Covestor Ltd increased its holdings in PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker's stock worth $41,000 after acquiring an additional 295 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker's stock worth $43,000 after acquiring an additional 228 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in PVH in the 3rd quarter worth approximately $67,000. 97.25% of the stock is currently owned by institutional investors.
PVH opened at $107.45 on Friday. The company has a market cap of $5.98 billion, a P/E ratio of 8.75, a P/E/G ratio of 1.10 and a beta of 2.10. PVH Corp. has a 12 month low of $89.56 and a 12 month high of $141.15. The business's 50-day moving average price is $103.05 and its 200-day moving average price is $102.57. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31.
PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings data 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 return on equity of 13.66% and a net margin of 8.13%. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the company posted $2.90 earnings per share. The business's revenue was down 4.6% on a year-over-year basis. On average, equities analysts expect that PVH Corp. will post 11.68 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were given a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend was Wednesday, November 27th. PVH's dividend payout ratio is currently 1.22%.
Several research analysts have recently weighed in on PVH shares. BMO Capital Markets decreased their price target on shares of PVH from $119.00 to $106.00 and set a "market perform" rating on the stock in a report on Wednesday, August 28th. Guggenheim upped their target price on PVH from $105.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. TD Cowen dropped their price target on PVH from $149.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, August 29th. Barclays upped their price objective on shares of PVH from $142.00 to $144.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Finally, Bank of America lowered shares of PVH from a "buy" rating to a "neutral" rating and dropped their target price for the company from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $128.00.
Get Our Latest Analysis on PVH
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider PVH, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PVH wasn't on the list.
While PVH currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.