PVH Corp. (NYSE:PVH) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers trimmed its position in PVH Corp. (NYSE:PVH - Free Report) by 65.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,957 shares of the textile maker's stock after selling 7,429 shares during the period. Cetera Investment Advisers' holdings in PVH were worth $418,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PVH. Proficio Capital Partners LLC acquired a new stake in shares of PVH during the fourth quarter worth $41,000. Kapitalo Investimentos Ltda acquired a new stake in PVH during the fourth quarter worth about $47,000. Allworth Financial LP acquired a new stake in PVH during the fourth quarter worth about $50,000. Hoey Investments Inc. bought a new position in PVH in the fourth quarter worth about $55,000. Finally, Smartleaf Asset Management LLC boosted its stake in PVH by 96.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker's stock valued at $65,000 after acquiring an additional 303 shares during the period. 97.25% of the stock is owned by institutional investors.

PVH Price Performance

NYSE:PVH traded down $1.02 during midday trading on Friday, hitting $83.80. 1,329,597 shares of the stock were exchanged, compared to its average volume of 1,007,074. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 6.82, a P/E/G ratio of 0.77 and a beta of 1.81. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. PVH Corp. has a one year low of $59.28 and a one year high of $124.68. The business has a 50-day moving average price of $73.90 and a two-hundred day moving average price of $85.44.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.08. The company had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm's revenue for the quarter was down 4.8% on a year-over-year basis. During the same period last year, the firm earned $3.72 EPS. Sell-side analysts predict that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently issued reports on PVH. JPMorgan Chase & Co. boosted their price objective on PVH from $87.00 to $99.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Evercore ISI lowered their price target on shares of PVH from $139.00 to $105.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $90.00 price objective on shares of PVH in a report on Friday. BMO Capital Markets reduced their target price on shares of PVH from $106.00 to $93.00 and set a "market perform" rating for the company in a research note on Tuesday, April 1st. Finally, Barclays decreased their target price on shares of PVH from $103.00 to $87.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, PVH currently has a consensus rating of "Moderate Buy" and an average target price of $106.38.

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.