Cwm LLC Has $86,000 Stock Position in PVH Corp. (NYSE:PVH)

Cwm LLC lowered its holdings in shares of PVH Corp. (NYSE:PVH) by 16.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 848 shares of the textile maker’s stock after selling 171 shares during the period. Cwm LLC’s holdings in PVH were worth $86,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Pzena Investment Management LLC raised its holdings in shares of PVH by 5.3% during the 2nd quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock worth $595,382,000 after buying an additional 284,269 shares in the last quarter. Dimensional Fund Advisors LP grew its position in PVH by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock worth $333,375,000 after acquiring an additional 55,293 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in PVH by 14.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock worth $245,668,000 after acquiring an additional 296,040 shares during the last quarter. Pacer Advisors Inc. grew its position in PVH by 13,275.0% during the 2nd quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock worth $129,395,000 after acquiring an additional 1,213,069 shares during the last quarter. Finally, LSV Asset Management grew its position in PVH by 15.7% during the 2nd quarter. LSV Asset Management now owns 916,002 shares of the textile maker’s stock worth $96,977,000 after acquiring an additional 124,309 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Stock Down 0.1 %

Shares of PVH stock opened at $93.26 on Friday. PVH Corp. has a one year low of $71.32 and a one year high of $141.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66. The stock’s 50-day moving average is $97.48 and its 200 day moving average is $104.70. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 0.87 and a beta of 2.11.

PVH (NYSE:PVH) last announced its earnings results on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, beating the consensus estimate of $2.29 by $0.72. PVH had a return on equity of 13.94% and a net margin of 8.37%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the prior year, the company earned $1.98 EPS. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. Equities research analysts anticipate that PVH Corp. will post 11.66 EPS for the current year.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date was Wednesday, September 4th. PVH’s dividend payout ratio (DPR) is currently 1.33%.

Analyst Ratings Changes

PVH has been the topic of a number of research reports. Morgan Stanley reduced their price objective on 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 reduced their price objective on PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Bank of America lowered PVH from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd. StockNews.com lowered PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Finally, Telsey Advisory Group reduced their price target on PVH from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $128.87.

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.