Geode Capital Management LLC Sells 4,104 Shares of PVH Corp. (NYSE:PVH)

Geode Capital Management LLC reduced its position in shares of PVH Corp. (NYSE:PVH) by 0.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 960,993 shares of the textile maker’s stock after selling 4,104 shares during the quarter. Geode Capital Management LLC owned 1.72% of PVH worth $96,923,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Scientech Research LLC increased its position in shares of PVH by 608.6% during the second quarter. Scientech Research LLC now owns 11,344 shares of the textile maker’s stock valued at $1,201,000 after acquiring an additional 9,743 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of PVH by 37.4% in the 2nd quarter. American Century Companies Inc. now owns 80,021 shares of the textile maker’s stock worth $8,472,000 after purchasing an additional 21,790 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of PVH in the second quarter worth $6,995,000. Sei Investments Co. raised its stake in shares of PVH by 30.1% in the second quarter. Sei Investments Co. now owns 160,058 shares of the textile maker’s stock worth $16,946,000 after purchasing an additional 37,012 shares during the last quarter. Finally, Erste Asset Management GmbH bought a new position in shares of PVH during the third quarter valued at $1,997,000. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Stock Down 3.4 %

PVH stock opened at $106.06 on Thursday. The business’s 50-day moving average price is $102.69 and its 200-day moving average price is $102.67. The stock has a market cap of $5.90 billion, a P/E ratio of 8.64, a PEG ratio of 1.10 and a beta of 2.10. PVH Corp. has a twelve month low of $89.56 and a twelve month high of $141.15. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH) last posted its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.44. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company’s revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.90 earnings per share. On average, equities research analysts forecast that PVH Corp. will post 11.68 EPS for the current year.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were given a $0.0375 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. PVH’s payout ratio is 1.22%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PVH shares. The Goldman Sachs Group decreased their target price on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Morgan Stanley lowered their price objective on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Friday, September 6th. TD Cowen cut their target price on shares of PVH from $149.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. BMO Capital Markets lowered their price target on PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a report on Wednesday, August 28th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 price objective on shares of PVH in a report on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, PVH currently has a consensus rating of “Moderate Buy” and an average price target of $128.00.

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.