PVH Corp. (NYSE:PVH) Stock Position Decreased by Clearline Capital LP

Clearline Capital LP lowered its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 34.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,066 shares of the textile maker's stock after selling 43,679 shares during the quarter. Clearline Capital LP owned approximately 0.15% of PVH worth $8,890,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Barclays PLC boosted its holdings in shares of PVH by 71.3% in the third quarter. Barclays PLC now owns 60,495 shares of the textile maker's stock valued at $6,097,000 after acquiring an additional 25,174 shares during the period. Franklin Resources Inc. increased its holdings in PVH by 5.9% in the third quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker's stock valued at $26,942,000 after buying an additional 15,483 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in PVH by 82.2% during the third quarter. JPMorgan Chase & Co. now owns 253,666 shares of the textile maker's stock worth $25,577,000 after purchasing an additional 114,430 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of PVH by 36.0% during the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock worth $52,000 after buying an additional 129 shares during the last quarter. Finally, Pallas Capital Advisors LLC acquired a new position in PVH during the fourth quarter worth about $216,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Stock Performance

Shares of PVH stock traded down $1.15 on Friday, reaching $74.41. 637,344 shares of the company were exchanged, compared to its average volume of 964,185. PVH Corp. has a 1-year low of $59.28 and a 1-year high of $124.68. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 6.06, a P/E/G ratio of 0.77 and a beta of 1.81. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The company's 50-day moving average is $68.86 and its two-hundred day moving average is $86.95.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.08. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business's revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.72 earnings per share. As a group, research analysts expect that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend is Wednesday, June 4th. PVH's payout ratio is currently 1.42%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Jefferies Financial Group reduced their price objective on PVH from $101.00 to $80.00 and set a "hold" rating on the stock in a research report on Wednesday, April 2nd. Barclays lowered their price target on PVH from $103.00 to $87.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Citigroup reissued a "neutral" rating and issued a $68.00 price objective (down previously from $83.00) on shares of PVH in a research report on Monday, April 7th. Wells Fargo & Company dropped their target price on PVH from $95.00 to $85.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $90.00 price objective on shares of PVH in a report on Tuesday, April 1st. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, PVH currently has an average rating of "Moderate Buy" and a consensus target price of $103.00.

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.