BNP Paribas Financial Markets Lowers Position in PVH Corp. (NYSE:PVH)

BNP Paribas Financial Markets decreased its stake in PVH Corp. (NYSE:PVH - Free Report) by 70.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,831 shares of the textile maker's stock after selling 20,795 shares during the quarter. BNP Paribas Financial Markets' holdings in PVH were worth $934,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PVH. Ameriprise Financial Inc. increased its stake in shares of PVH by 0.6% in the fourth quarter. Ameriprise Financial Inc. now owns 215,526 shares of the textile maker's stock worth $22,792,000 after purchasing an additional 1,312 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in PVH by 13.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,539 shares of the textile maker's stock worth $1,326,000 after buying an additional 1,500 shares during the period. Kapitalo Investimentos Ltda bought a new stake in PVH during the fourth quarter valued at about $47,000. Schonfeld Strategic Advisors LLC bought a new stake in PVH during the fourth quarter valued at about $6,939,000. Finally, AQR Capital Management LLC lifted its position in shares of PVH by 128.6% in the fourth quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker's stock valued at $59,909,000 after acquiring an additional 318,731 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on PVH shares. The Goldman Sachs Group decreased their target price on PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Evercore ISI reduced their price objective on shares of PVH from $139.00 to $105.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. Morgan Stanley dropped their target price on shares of PVH from $95.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. raised their target price on shares of PVH from $87.00 to $99.00 and gave the company a "neutral" rating in a research note on Monday. Finally, UBS Group decreased their price target on shares of PVH from $172.00 to $160.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $106.47.

PVH Trading Down 3.0%

Shares of NYSE PVH opened at $83.18 on Thursday. PVH Corp. has a 1-year low of $59.28 and a 1-year high of $124.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The business's 50 day moving average is $71.34 and its two-hundred day moving average is $86.32. The stock has a market capitalization of $3.99 billion, a P/E ratio of 6.77, a PEG ratio of 0.77 and a beta of 1.81.

PVH (NYSE:PVH - Get Free Report) last released its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.08. The firm had revenue of $2.37 billion for 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 company's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.72 EPS. As a group, research analysts expect that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be paid a dividend of $0.0375 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. PVH's dividend payout ratio is presently 1.42%.

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.

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