PVH Corp. (NYSE:PVH) Holdings Trimmed by Alexander Randolph Advisory Inc.

Alexander Randolph Advisory Inc. lowered its position in shares of PVH Corp. (NYSE:PVH) by 1.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,354 shares of the textile maker’s stock after selling 240 shares during the quarter. PVH accounts for approximately 2.1% of Alexander Randolph Advisory Inc.’s investment portfolio, making the stock its 15th largest position. Alexander Randolph Advisory Inc.’s holdings in PVH were worth $2,261,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in shares of PVH by 321.8% in the 1st quarter. BNP Paribas Financial Markets now owns 39,996 shares of the textile maker’s stock valued at $5,624,000 after purchasing an additional 30,513 shares during the period. Allianz Asset Management GmbH boosted its position in shares of PVH by 36.2% in the 4th quarter. Allianz Asset Management GmbH now owns 209,381 shares of the textile maker’s stock valued at $25,570,000 after purchasing an additional 55,601 shares during the period. Capstone Investment Advisors LLC boosted its position in shares of PVH by 115.5% in the 1st quarter. Capstone Investment Advisors LLC now owns 22,388 shares of the textile maker’s stock valued at $3,148,000 after purchasing an additional 11,999 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in shares of PVH in the 1st quarter valued at $961,000. Finally, Quadrature Capital Ltd boosted its position in shares of PVH by 215.3% in the 1st quarter. Quadrature Capital Ltd now owns 23,397 shares of the textile maker’s stock valued at $3,290,000 after purchasing an additional 15,976 shares during the period. Institutional investors own 97.25% of the company’s stock.

Wall Street Analyst Weigh In

PVH has been the subject of a number of research reports. Wells Fargo & Company decreased their price objective on PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, August 28th. The Goldman Sachs Group decreased their price objective on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Barclays cut their price target on PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. TD Cowen cut their price target on PVH from $149.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, StockNews.com downgraded PVH from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $130.40.

PVH Stock Up 0.1 %

Shares of PVH stock opened at $93.09 on Thursday. The stock’s 50 day simple moving average is $99.91 and its 200 day simple moving average is $112.24. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. PVH Corp. has a twelve month low of $69.27 and a twelve month high of $141.15. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 0.73 and a beta of 2.12.

PVH (NYSE:PVH) last released its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.72. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.07 billion. PVH had a return on equity of 13.94% and a net margin of 8.37%. The company’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.98 EPS. As a group, research analysts predict that PVH Corp. will post 11.59 EPS for the current year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend is Wednesday, September 4th. PVH’s dividend payout ratio (DPR) is currently 1.33%.

PVH Company 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.