PVH Corp. (NYSE:PVH) Shares Sold by JT Stratford LLC

JT Stratford LLC lessened its stake in PVH Corp. (NYSE:PVH) by 14.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,956 shares of the textile maker’s stock after selling 517 shares during the quarter. JT Stratford LLC’s holdings in PVH were worth $313,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in shares of 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 in the last quarter. Treasurer of the State of North Carolina raised its stake in PVH by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker’s stock valued at $2,579,000 after buying an additional 150 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in PVH by 0.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker’s stock worth $3,248,000 after buying an additional 152 shares during the last quarter. Assetmark Inc. grew its position in shares of PVH by 11.8% in the 4th quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock worth $153,000 after acquiring an additional 153 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in shares of PVH by 11.0% in the 4th quarter. Signaturefd LLC now owns 1,569 shares of the textile maker’s stock valued at $166,000 after acquiring an additional 156 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

Wall Street Analysts Forecast Growth

PVH has been the topic of several research analyst reports. BMO Capital Markets reduced their price objective on PVH from $106.00 to $93.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 1st. Evercore ISI reduced their price target on shares of PVH from $139.00 to $105.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Wall Street Zen raised shares of PVH from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. The Goldman Sachs Group dropped their price objective on shares of PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Finally, Wells Fargo & Company raised their target price on shares of PVH from $85.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 14th. Six analysts have rated the stock with a hold rating and ten 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 price target of $106.47.

PVH Stock Performance

Shares of NYSE PVH opened at $83.31 on Friday. PVH Corp. has a 12-month low of $59.28 and a 12-month high of $124.68. The company has a market cap of $4.00 billion, a PE ratio of 6.78, a P/E/G ratio of 0.77 and a beta of 1.81. The stock has a 50 day simple moving average of $71.70 and a 200-day simple moving average of $86.20. 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) last announced its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.08. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the business earned $3.72 EPS. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, equities research analysts forecast that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend is Wednesday, June 4th. PVH’s payout ratio is currently 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.