Pzena Investment Management LLC Sells 60,365 Shares of PVH Corp. $PVH

Pzena Investment Management LLC trimmed its holdings in shares of PVH Corp. (NYSE:PVHFree Report) by 1.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,194,629 shares of the textile maker’s stock after selling 60,365 shares during the period. PVH makes up 1.3% of Pzena Investment Management LLC’s investment portfolio, making the stock its 25th largest holding. Pzena Investment Management LLC owned about 13.52% of PVH worth $415,164,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Danske Bank A S bought a new position in shares of PVH during the 3rd quarter worth approximately $25,000. Saranac Partners Ltd bought a new position in shares of PVH during the 3rd quarter worth approximately $30,000. Global Retirement Partners LLC boosted its holdings in shares of PVH by 513.9% during the 4th quarter. Global Retirement Partners LLC now owns 442 shares of the textile maker’s stock worth $30,000 after buying an additional 370 shares in the last quarter. Quarry LP bought a new position in shares of PVH during the 3rd quarter worth approximately $58,000. Finally, Larson Financial Group LLC boosted its holdings in shares of PVH by 70,300.0% during the 3rd quarter. Larson Financial Group LLC now owns 704 shares of the textile maker’s stock worth $59,000 after buying an additional 703 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PVH shares. Needham & Company LLC increased their price target on PVH from $100.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, April 1st. Jefferies Financial Group decreased their price objective on PVH from $85.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. BTIG Research restated a “buy” rating and set a $100.00 price objective on shares of PVH in a report on Wednesday, April 1st. The Goldman Sachs Group boosted their price objective on PVH from $83.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Finally, Weiss Ratings upgraded PVH from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $88.93.

View Our Latest Research Report on PVH

PVH Trading Up 2.5%

NYSE PVH opened at $86.78 on Friday. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 228.37, a P/E/G ratio of 0.93 and a beta of 1.73. PVH Corp. has a 52 week low of $59.60 and a 52 week high of $100.15. The business has a 50 day moving average price of $80.42 and a 200-day moving average price of $74.04. The company has a quick ratio of 0.85, a current ratio of 1.52 and a debt-to-equity ratio of 0.48.

PVH (NYSE:PVHGet Free Report) last released its quarterly earnings data on Tuesday, March 31st. The textile maker reported $3.82 EPS for the quarter, beating the consensus estimate of $3.30 by $0.52. The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.43 billion. PVH had a return on equity of 11.55% and a net margin of 0.28%.The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.27 earnings per share. As a group, equities analysts expect that PVH Corp. will post 12.01 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 24th. Investors of record on Wednesday, June 3rd will be issued a dividend of $0.0375 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $0.15 annualized dividend and a yield of 0.2%. PVH’s dividend payout ratio is 39.47%.

PVH Profile

(Free Report)

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.

See Also

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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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