Empowered Funds LLC Sells 57,185 Shares of PVH Corp. (NYSE:PVH)

Empowered Funds LLC trimmed its holdings in shares of PVH Corp. (NYSE:PVH) by 88.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 7,560 shares of the textile maker’s stock after selling 57,185 shares during the quarter. Empowered Funds LLC’s holdings in PVH were worth $762,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Pzena Investment Management LLC raised its stake in shares of PVH by 5.3% during the second 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 during the last quarter. Dimensional Fund Advisors LP grew its holdings in PVH by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,148,855 shares of the textile maker’s stock valued at $333,375,000 after purchasing an additional 55,293 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in PVH by 14.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock valued at $245,668,000 after purchasing an additional 296,040 shares during the period. Pacer Advisors Inc. grew its holdings in PVH by 13,275.0% during the second quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock valued at $129,395,000 after purchasing an additional 1,213,069 shares during the period. Finally, LSV Asset Management grew its holdings in PVH by 15.7% during the second quarter. LSV Asset Management now owns 916,002 shares of the textile maker’s stock valued at $96,977,000 after purchasing an additional 124,309 shares during the period. 97.25% of the stock is owned by institutional investors.

PVH Stock Performance

Shares of PVH stock opened at $103.87 on Friday. The company’s fifty day simple moving average is $98.46 and its 200-day simple moving average is $103.43. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32. The firm has a market cap of $5.80 billion, a PE ratio of 8.24, a P/E/G ratio of 0.90 and a beta of 2.11. PVH Corp. has a 12 month low of $85.49 and a 12 month high of $141.15.

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

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date is Wednesday, November 27th. PVH’s dividend payout ratio is presently 1.19%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, September 6th. Guggenheim decreased their price objective on shares of PVH from $120.00 to $105.00 and set a “buy” rating for the company in a report on Monday, October 28th. Bank of America cut shares of PVH from a “buy” rating to a “neutral” rating and decreased their price objective 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 for the company in a report on Wednesday, August 28th. Finally, StockNews.com cut shares of PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, PVH presently has an average rating of “Moderate Buy” and a consensus target price of $126.53.

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.