Natixis Advisors LLC Sells 4,513 Shares of PVH Corp. (NYSE:PVH)

Natixis Advisors LLC reduced its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 29.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,972 shares of the textile maker's stock after selling 4,513 shares during the quarter. Natixis Advisors LLC's holdings in PVH were worth $709,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Arkadios Wealth Advisors acquired a new position in shares of PVH during the first quarter valued at about $205,000. Federated Hermes Inc. boosted its holdings in PVH by 2.1% during the first quarter. Federated Hermes Inc. now owns 257,946 shares of the textile maker's stock worth $16,674,000 after purchasing an additional 5,268 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in PVH by 87.4% during the first quarter. Mackenzie Financial Corp now owns 111,230 shares of the textile maker's stock worth $7,190,000 after purchasing an additional 51,869 shares during the last quarter. LPL Financial LLC boosted its holdings in PVH by 321.0% during the first quarter. LPL Financial LLC now owns 23,454 shares of the textile maker's stock worth $1,516,000 after purchasing an additional 17,883 shares during the last quarter. Finally, Bastion Asset Management Inc. purchased a new position in PVH during the first quarter worth about $303,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Stock Performance

Shares of NYSE PVH traded up $0.47 during midday trading on Friday, hitting $76.58. The company's stock had a trading volume of 87,149 shares, compared to its average volume of 1,412,510. The stock has a fifty day moving average price of $70.79 and a 200 day moving average price of $73.33. PVH Corp. has a one year low of $59.28 and a one year high of $113.47. The company has a current ratio of 1.11, a quick ratio of 0.53 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 10.80, a P/E/G ratio of 1.59 and a beta of 1.84.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.06. PVH had a net margin of 4.63% and a return on equity of 12.66%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the previous year, the firm posted $2.45 earnings per share. The company's quarterly revenue was up 1.6% compared to the same quarter last year. On average, research analysts forecast that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 3rd. PVH's dividend payout ratio is 2.12%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PVH. Bank of America cut their price target on shares of PVH from $86.00 to $76.00 and set a "neutral" rating on the stock in a report on Friday, June 6th. Barclays cut their price target on shares of PVH from $87.00 to $83.00 and set an "overweight" rating on the stock in a report on Monday, June 9th. Needham & Company LLC restated a "buy" rating and set a $115.00 price target on shares of PVH in a report on Thursday, June 5th. Jefferies Financial Group upgraded shares of PVH from a "hold" rating to a "buy" rating and boosted their price target for the stock from $70.00 to $105.00 in a report on Wednesday, May 14th. Finally, UBS Group cut their price target on shares of PVH from $150.00 to $146.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, PVH presently has an average rating of "Moderate Buy" and an average price target of $93.40.

Insider Buying and Selling

In other news, Director Jesper Andersen bought 600 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were acquired at an average price of $66.10 per share, with a total value of $39,660.00. Following the acquisition, the director owned 736 shares of the company's stock, valued at approximately $48,649.60. The trade was a 441.18% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Stefan Larsson bought 15,645 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were purchased at an average cost of $63.92 per share, for a total transaction of $1,000,028.40. Following the acquisition, the chief executive officer directly owned 269,438 shares in the company, valued at $17,222,476.96. This trade represents a 6.16% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company's stock.

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.