PVH Corp. (NYSE:PVH) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC lessened its stake in PVH Corp. (NYSE:PVH) by 28.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 19,448 shares of the textile maker’s stock after selling 7,760 shares during the period. Gotham Asset Management LLC’s holdings in PVH were worth $2,057,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PVH. Barclays PLC increased its holdings in PVH by 71.3% in the 3rd quarter. Barclays PLC now owns 60,495 shares of the textile maker’s stock valued at $6,097,000 after purchasing an additional 25,174 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in PVH in the 4th quarter valued at approximately $216,000. Assenagon Asset Management S.A. acquired a new stake in PVH in the 4th quarter valued at approximately $1,987,000. Hennessy Advisors Inc. increased its holdings in PVH by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 80,380 shares of the textile maker’s stock valued at $8,500,000 after purchasing an additional 5,100 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 124 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PVH shares. Citigroup reiterated a “neutral” rating and issued a $68.00 price objective (down from $83.00) on shares of PVH in a research note on Monday, April 7th. Evercore ISI decreased their target price on PVH from $139.00 to $105.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st. StockNews.com upgraded PVH from a “hold” rating to a “buy” rating in a report on Thursday. JPMorgan Chase & Co. decreased their target price on PVH from $91.00 to $87.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $90.00 target price on shares of PVH in a report on Tuesday, April 1st. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $105.67.

PVH Stock Down 2.0%

Shares of NYSE PVH opened at $85.54 on Friday. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 6.97, a price-to-earnings-growth ratio of 0.77 and a beta of 1.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The business has a 50-day moving average of $69.77 and a two-hundred day moving average of $86.70. PVH Corp. has a 1 year low of $59.28 and a 1 year high of $124.68.

PVH (NYSE:PVH) last posted its earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, topping analysts’ consensus estimates of $3.19 by $0.08. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the firm earned $3.72 earnings per share. The business’s revenue was down 4.8% compared to the same quarter last year. On average, analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.18%. The ex-dividend date is Wednesday, June 4th. PVH’s dividend payout ratio (DPR) is presently 1.42%.

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.