SG Americas Securities LLC Cuts Stock Holdings in PVH Corp. (NYSE:PVH)

SG Americas Securities LLC trimmed its position in shares of PVH Corp. (NYSE:PVH - Free Report) by 92.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,269 shares of the textile maker's stock after selling 65,458 shares during the quarter. SG Americas Securities LLC's holdings in PVH were worth $341,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. 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. Wedge Capital Management L L P NC boosted its stake in shares of PVH by 60.2% during the first quarter. Wedge Capital Management L L P NC now owns 38,132 shares of the textile maker's stock valued at $2,465,000 after purchasing an additional 14,331 shares in the last quarter. NBC Securities Inc. boosted its stake in shares of PVH by 122,033.3% during the first quarter. NBC Securities Inc. now owns 3,664 shares of the textile maker's stock valued at $236,000 after purchasing an additional 3,661 shares in the last quarter. 180 Wealth Advisors LLC boosted its stake in shares of PVH by 156.0% during the first quarter. 180 Wealth Advisors LLC now owns 13,669 shares of the textile maker's stock valued at $884,000 after purchasing an additional 8,330 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of PVH by 0.7% during the first quarter. Rhumbline Advisers now owns 168,382 shares of the textile maker's stock valued at $10,884,000 after purchasing an additional 1,191 shares in the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PVH shares. Citigroup reaffirmed a "neutral" rating and issued a $68.00 price objective (down from $83.00) on shares of PVH in a research note on Monday, April 7th. Jefferies Financial Group raised PVH from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $70.00 to $105.00 in a research note on Wednesday, May 14th. JPMorgan Chase & Co. lifted their price objective on PVH from $87.00 to $99.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. Needham & Company LLC reaffirmed a "buy" rating and issued a $115.00 price objective on shares of PVH in a research note on Thursday, June 5th. Finally, Barclays cut their price objective on PVH from $87.00 to $83.00 and set an "overweight" rating on the stock in a research note on Monday, June 9th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $98.27.

PVH Trading Up 1.1%

PVH stock traded up $0.71 during mid-day trading on Friday, reaching $65.79. The company's stock had a trading volume of 1,743,657 shares, compared to its average volume of 1,122,360. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 1.35 and a beta of 1.89. The business's 50 day moving average price is $73.62 and its 200 day moving average price is $79.74. The company has a current ratio of 1.11, a quick ratio of 0.53 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 released its quarterly earnings data on Wednesday, June 4th. The textile maker reported $2.30 EPS for the quarter, beating the consensus estimate of $2.24 by $0.06. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.93 billion. PVH had a return on equity of 12.66% and a net margin of 4.63%. The company's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.45 earnings per share. On average, equities research analysts predict that PVH Corp. will post 11.67 EPS for the current 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 issued 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 0.23%. PVH's dividend payout ratio is 2.12%.

Insider Activity

In other news, Director Jesper Andersen acquired 600 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was purchased at an average price of $66.10 per share, for a total transaction of $39,660.00. Following the completion of the acquisition, the director now directly owns 736 shares in the company, valued at $48,649.60. The trade was a 441.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.20% of the company's stock.

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.