PVH Corp. (NYSE:PVH) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in PVH Corp. (NYSE:PVH - Free Report) by 92.6% in the first quarter, according to its most recent disclosure with the Securities & 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.

Several other hedge funds also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC acquired a new position in shares of PVH in the 4th quarter valued at $41,000. Kapitalo Investimentos Ltda purchased a new stake in PVH in the fourth quarter valued at $47,000. Allworth Financial LP acquired a new position in PVH in the fourth quarter valued at $50,000. Hoey Investments Inc. acquired a new position in PVH in the fourth quarter valued at $55,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of PVH by 96.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker's stock worth $65,000 after purchasing an additional 303 shares during the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Stock Performance

Shares of PVH stock traded up $1.63 during mid-day trading on Thursday, hitting $65.12. The stock had a trading volume of 1,287,726 shares, compared to its average volume of 1,497,129. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $113.47. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.11 and a quick ratio of 0.53. The company's 50-day simple moving average is $73.76 and its 200-day simple moving average is $80.74. The firm has a market cap of $3.13 billion, a PE ratio of 9.18, a PEG ratio of 1.32 and a beta of 1.89.

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

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were issued a $0.0375 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a yield of 0.23%. PVH's dividend payout ratio (DPR) is presently 2.12%.

Insider Transactions at PVH

In other PVH news, Director Jesper Andersen bought 600 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was bought 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 now owns 736 shares in the company, valued at approximately $48,649.60. The trade was a 441.18% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

PVH has been the subject of a number of research analyst reports. Citigroup reissued a "neutral" rating and issued a $68.00 target price (down from $83.00) on shares of PVH in a research report on Monday, April 7th. UBS Group reduced their price objective on PVH from $150.00 to $146.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Needham & Company LLC restated a "buy" rating and set a $115.00 target price on shares of PVH in a research report on Thursday, June 5th. Morgan Stanley cut their target price on shares of PVH from $86.00 to $64.00 and set an "equal weight" rating on the stock in a report on Friday, June 6th. Finally, BMO Capital Markets decreased their price target on shares of PVH from $93.00 to $84.00 and set a "market perform" rating for the company in a research note on Thursday, June 5th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $98.27.

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.