PVH Corp. (NYSE:PVH) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. reduced its holdings in shares of PVH Corp. (NYSE:PVH) by 2.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,701 shares of the textile maker’s stock after selling 225 shares during the quarter. Centaurus Financial Inc.’s holdings in PVH were worth $776,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PVH. Pacer Advisors Inc. boosted its position in shares of PVH by 13,275.0% in the second quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock worth $129,395,000 after buying an additional 1,213,069 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of 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 acquiring an additional 296,040 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of PVH by 6,471.3% during the second quarter. Point72 Asset Management L.P. now owns 289,139 shares of the textile maker’s stock worth $30,611,000 after acquiring an additional 284,739 shares during the last quarter. Pzena Investment Management LLC lifted its stake in shares of PVH by 5.3% in the second quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock worth $595,382,000 after acquiring an additional 284,269 shares in the last quarter. Finally, Swedbank AB purchased a new position in PVH in the third quarter valued at about $17,542,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PVH. Barclays dropped their price target on shares of PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. StockNews.com cut shares of PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Wells Fargo & Company lowered their price objective on PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, August 28th. TD Cowen reduced their target price on PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Finally, Telsey Advisory Group decreased their target price on PVH from $140.00 to $130.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $126.53.

PVH Price Performance

NYSE PVH opened at $107.74 on Tuesday. The company has a 50-day moving average price of $98.70 and a two-hundred day moving average price of $103.30. PVH Corp. has a 52 week low of $86.40 and a 52 week high of $141.15. The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 8.55, a price-to-earnings-growth ratio of 0.94 and a beta of 2.11. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

PVH (NYSE:PVH) last announced its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 13.94% and a net margin of 8.37%. 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 business earned $1.98 EPS. Analysts forecast that PVH Corp. will post 11.66 EPS for the current year.

PVH Dividend Announcement

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