Segall Bryant & Hamill LLC Has $19.63 Million Stake in PVH Corp. (NYSE:PVH)

Segall Bryant & Hamill LLC reduced its holdings in PVH Corp. (NYSE:PVH) by 17.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 194,695 shares of the textile maker’s stock after selling 42,265 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in PVH were worth $19,631,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lingohr Asset Management GmbH raised its holdings in PVH by 3.9% during the third quarter. Lingohr Asset Management GmbH now owns 6,893 shares of the textile maker’s stock worth $695,000 after acquiring an additional 256 shares in the last quarter. Quest Partners LLC acquired a new position in shares of PVH during the 3rd quarter worth approximately $1,291,000. Thrivent Financial for Lutherans raised its stake in shares of PVH by 42.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 88,292 shares of the textile maker’s stock worth $8,902,000 after purchasing an additional 26,403 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of PVH by 20.8% in the third quarter. Natixis Advisors LLC now owns 23,828 shares of the textile maker’s stock valued at $2,403,000 after buying an additional 4,095 shares in the last quarter. Finally, KBC Group NV increased its holdings in PVH by 18.5% during the third quarter. KBC Group NV now owns 1,604 shares of the textile maker’s stock worth $162,000 after buying an additional 250 shares during the last quarter. 97.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Telsey Advisory Group dropped their price objective on PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Bank of America downgraded PVH from a “buy” rating to a “neutral” rating and cut their price target for the company from $130.00 to $107.00 in a report on Wednesday, October 2nd. BMO Capital Markets decreased their price objective on shares of PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a report on Wednesday, August 28th. Morgan Stanley cut their target price on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Friday, September 6th. Finally, Wells Fargo & Company decreased their price target on shares of PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 28th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, PVH currently has an average rating of “Moderate Buy” and an average price target of $126.53.

PVH Stock Performance

PVH opened at $96.47 on Thursday. 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 52-week low of $85.33 and a 52-week high of $141.15. The firm has a market cap of $5.38 billion, a P/E ratio of 7.66, a price-to-earnings-growth ratio of 0.92 and a beta of 2.11. The business’s fifty day moving average is $98.16 and its 200-day moving average is $103.60.

PVH (NYSE:PVH) last announced its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.72. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.98 earnings per share. Sell-side analysts expect that PVH Corp. will post 11.66 EPS for the current fiscal year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.15 annualized dividend and a yield of 0.16%. PVH’s dividend payout ratio is currently 1.19%.

About PVH

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.