Avior Wealth Management LLC Sells 336 Shares of PVH Corp. (NYSE:PVH)

Avior Wealth Management LLC decreased its position in shares of PVH Corp. (NYSE:PVH) by 47.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 367 shares of the textile maker’s stock after selling 336 shares during the quarter. Avior Wealth Management LLC’s holdings in PVH were worth $37,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PVH shares. TD Cowen dropped 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. Guggenheim cut their price objective on shares of PVH from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Wells Fargo & Company decreased their target price on shares of 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 cut their price target on shares of PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Finally, Bank of America lowered 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. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $126.53.

PVH Stock Up 3.7 %

NYSE:PVH opened at $107.74 on Tuesday. 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 company’s fifty day moving average price is $98.70 and its 200-day moving average price is $103.30. PVH Corp. has a 1-year low of $86.40 and a 1-year high of $141.15. The firm has a market capitalization of $6.01 billion, a P/E ratio of 8.55, a PEG ratio of 0.94 and a beta of 2.11.

PVH (NYSE:PVH) last announced its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, topping 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 the consensus estimate of $2.07 billion. During the same period last year, the firm earned $1.98 EPS. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, equities research analysts anticipate that PVH Corp. will post 11.66 EPS for the current year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date is Wednesday, November 27th. PVH’s dividend payout ratio is currently 1.19%.

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.