Emerald Advisers LLC trimmed its position in shares of PVH Corp (NYSE:PVH) by 42.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,584 shares of the textile maker’s stock after selling 5,501 shares during the period. Emerald Advisers LLC’s holdings in PVH were worth $718,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PVH. Valeo Financial Advisors LLC grew its holdings in PVH by 2,000.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 315 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 300 shares in the last quarter. Ropes Wealth Advisors LLC acquired a new stake in PVH during the 1st quarter valued at $40,000. Northwestern Mutual Wealth Management Co. grew its holdings in PVH by 17.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 817 shares of the textile maker’s stock valued at $100,000 after purchasing an additional 123 shares in the last quarter. Quantamental Technologies LLC grew its holdings in PVH by 196.7% during the 1st quarter. Quantamental Technologies LLC now owns 899 shares of the textile maker’s stock valued at $110,000 after purchasing an additional 596 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in PVH by 78.8% during the 1st quarter. Quadrant Capital Group LLC now owns 987 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 435 shares in the last quarter. 97.05% of the stock is owned by institutional investors and hedge funds.
NYSE PVH opened at $69.02 on Thursday. PVH Corp has a 12 month low of $68.60 and a 12 month high of $157.20. The company has a quick ratio of 0.75, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The company has a market cap of $5.40 billion, a P/E ratio of 7.19, a price-to-earnings-growth ratio of 0.58 and a beta of 1.40. The company’s fifty day moving average is $86.79.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Friday, August 30th will be given a $0.038 dividend. This is an increase from PVH’s previous quarterly dividend of $0.04. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date is Thursday, August 29th. PVH’s dividend payout ratio (DPR) is presently 1.56%.
In other PVH news, Director Henry Nasella purchased 1,200 shares of PVH stock in a transaction dated Friday, May 31st. The shares were bought at an average cost of $82.84 per share, for a total transaction of $99,408.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.
A number of research firms recently weighed in on PVH. TheStreet lowered shares of PVH from a “b” rating to a “c+” rating in a report on Wednesday, May 29th. Wells Fargo & Co lowered their price target on shares of PVH from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Thursday, May 30th. DA Davidson lowered their price target on shares of PVH to $105.00 and set a “buy” rating for the company in a report on Friday, May 31st. Goldman Sachs Group lowered shares of PVH from a “neutral” rating to a “sell” rating and lowered their price target for the company from $101.00 to $82.00 in a report on Wednesday, July 17th. Finally, UBS Group reduced their price objective on shares of PVH from $159.00 to $144.00 and set a “buy” rating on the stock in a research note on Monday, June 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. PVH currently has a consensus rating of “Buy” and an average price target of $125.32.
PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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