PVH Corp. $PVH Shares Sold by Atlantic Investment Management Inc.

Key Points

• Atlantic Investment Management trimmed its stake in PVH by 23.1% in Q3, selling 30,000 shares to hold 100,000 shares (about 0.21% of PVH) valued at roughly $8.38 million and representing 4.8% of the firm's portfolio.
• PVH trades around $60.78 with a market capitalization of $2.78 billion and a low P/E of 9.11, with the share price sitting near its 52‑week low and below its 200‑day moving average.
• Dividend and analyst stance: PVH announced a quarterly dividend of $0.0375 (annual $0.15, ~0.2% yield; ex‑dividend March 4), while Wall Street's consensus is a "Hold" with an average price target of $89.73 after several recent target cuts.

Atlantic Investment Management Inc. trimmed its stake in PVH Corp. (NYSE:PVH - Free Report) by 23.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 100,000 shares of the textile maker's stock after selling 30,000 shares during the period. PVH comprises 4.8% of Atlantic Investment Management Inc.'s investment portfolio, making the stock its 9th biggest holding. Atlantic Investment Management Inc. owned approximately 0.21% of PVH worth $8,377,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System increased its holdings in PVH by 0.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 47,572 shares of the textile maker's stock valued at $3,263,000 after purchasing an additional 180 shares during the last quarter. Osaic Holdings Inc. raised its position in PVH by 12.4% in the second quarter. Osaic Holdings Inc. now owns 1,672 shares of the textile maker's stock valued at $114,000 after purchasing an additional 184 shares during the period. Visionary Horizons LLC lifted its stake in PVH by 2.1% during the third quarter. Visionary Horizons LLC now owns 10,885 shares of the textile maker's stock worth $912,000 after purchasing an additional 222 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in PVH by 3.0% during the second quarter. PNC Financial Services Group Inc. now owns 9,316 shares of the textile maker's stock worth $639,000 after purchasing an additional 268 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of PVH by 2.0% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 15,599 shares of the textile maker's stock worth $1,307,000 after buying an additional 300 shares during the period. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Stock Down 0.7%

PVH stock opened at $60.78 on Friday. The firm has a market capitalization of $2.78 billion, a P/E ratio of 9.11, a P/E/G ratio of 2.03 and a beta of 1.67. The company has a current ratio of 1.47, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. PVH Corp. has a twelve month low of $59.28 and a twelve month high of $89.79. The stock's fifty day simple moving average is $65.72 and its 200-day simple moving average is $74.81.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be issued a dividend of $0.0375 per share. The ex-dividend date is Wednesday, March 4th. This represents a $0.15 annualized dividend and a yield of 0.2%. PVH's dividend payout ratio is 2.25%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. UBS Group dropped their price objective on PVH from $148.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, March 6th. Jefferies Financial Group lowered their target price on PVH from $85.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, January 27th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of PVH in a research report on Thursday, January 22nd. Needham & Company LLC reiterated a "buy" rating and set a $100.00 price target on shares of PVH in a research note on Thursday, December 4th. Finally, Wells Fargo & Company reduced their price target on shares of PVH from $88.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Friday, December 5th. Eight equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $89.73.

PVH Company Profile

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH's core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner's and Olga.

PVH's operations span the entire value chain from product design and development to manufacturing, marketing and distribution.

Want to see what other hedge funds are holding PVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PVH Corp. (NYSE:PVH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.