Segall Bryant & Hamill LLC Sells 12,326 Shares of PVH Corp. (NYSE:PVH)

Segall Bryant & Hamill LLC lowered its stake in PVH Corp. (NYSE:PVH - Free Report) by 6.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 175,275 shares of the textile maker's stock after selling 12,326 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.33% of PVH worth $11,330,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Kapitalo Investimentos Ltda bought a new position in PVH in the fourth quarter valued at about $47,000. Hoey Investments Inc. bought a new position in PVH in the fourth quarter valued at about $55,000. Allworth Financial LP grew its position in PVH by 78.2% in the first quarter. Allworth Financial LP now owns 930 shares of the textile maker's stock valued at $60,000 after acquiring an additional 408 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of PVH by 135.7% during the first quarter. GAMMA Investing LLC now owns 1,148 shares of the textile maker's stock valued at $74,000 after purchasing an additional 661 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of PVH by 11.0% during the fourth quarter. Signaturefd LLC now owns 1,569 shares of the textile maker's stock valued at $166,000 after purchasing an additional 156 shares in the last quarter. Institutional investors own 97.25% of the company's stock.

PVH Price Performance

PVH traded down $0.28 during trading on Friday, reaching $71.39. 978,426 shares of the company were exchanged, compared to its average volume of 1,150,783. The company's 50-day moving average is $73.89 and its two-hundred day moving average is $76.72. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 10.07, a P/E/G ratio of 1.47 and a beta of 1.81. The company has a quick ratio of 0.53, a current ratio of 1.11 and a debt-to-equity ratio of 0.37. PVH Corp. has a 12-month low of $59.28 and a 12-month high of $113.47.

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

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. PVH's dividend payout ratio (DPR) is presently 2.12%.

Insider Activity

In other news, CEO Stefan Larsson acquired 15,645 shares of PVH stock in a transaction dated 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 transaction, the chief executive officer owned 269,438 shares of the company's stock, valued at $17,222,476.96. This trade represents a 6.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jesper Andersen acquired 600 shares of PVH stock in a transaction dated Wednesday, June 11th. The shares were purchased at an average price of $66.10 per share, for a total transaction of $39,660.00. Following the completion of the transaction, the director directly owned 736 shares in the company, valued at approximately $48,649.60. The trade was a 441.18% increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on PVH. Cowen reaffirmed a "buy" rating on shares of PVH in a research note on Friday, June 6th. UBS Group decreased their price objective on PVH from $150.00 to $146.00 and set a "buy" rating for the company in a report on Friday, June 6th. Morgan Stanley decreased their price objective on PVH from $86.00 to $64.00 and set an "equal weight" rating for the company in a report on Friday, June 6th. Citigroup reiterated a "neutral" rating and set a $68.00 price target (down previously from $83.00) on shares of PVH in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. upped their price target on PVH from $87.00 to $99.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $94.20.

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.