Hsbc Holdings PLC Has $930,000 Holdings in PVH Corp. (NYSE:PVH)

Hsbc Holdings PLC decreased its position in shares of PVH Corp. (NYSE:PVH - Free Report) by 77.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,764 shares of the textile maker's stock after selling 30,875 shares during the quarter. Hsbc Holdings PLC's holdings in PVH were worth $930,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. UMB Bank n.a. raised its stake in shares of PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock worth $30,000 after purchasing an additional 124 shares in the last quarter. GAMMA Investing LLC grew its stake in PVH by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock worth $52,000 after buying an additional 129 shares in the last quarter. Allworth Financial LP bought a new stake in PVH during the fourth quarter worth $50,000. Hoey Investments Inc. bought a new position in shares of PVH in the 4th quarter valued at $55,000. Finally, Smartleaf Asset Management LLC increased its position in PVH by 96.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker's stock valued at $65,000 after acquiring an additional 303 shares during the period. Institutional investors and hedge funds own 97.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PVH shares. Jefferies Financial Group cut their target price on shares of PVH from $101.00 to $80.00 and set a "hold" rating on the stock in a research note on Wednesday, April 2nd. StockNews.com lowered shares of PVH from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. Morgan Stanley reduced their price objective on shares of PVH from $95.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. Evercore ISI decreased their price objective on shares of PVH from $139.00 to $105.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. Finally, UBS Group decreased their price objective on PVH from $172.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $103.00.

PVH Stock Down 1.0 %

NYSE PVH traded down $0.78 during trading hours on Friday, reaching $74.78. 186,198 shares of the company traded hands, compared to its average volume of 959,103. The stock has a market capitalization of $3.94 billion, a PE ratio of 6.09, a PEG ratio of 0.77 and a beta of 1.81. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $124.68. The company has a 50 day moving average of $68.78 and a two-hundred day moving average of $87.15. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, beating analysts' consensus estimates of $3.19 by $0.08. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business's revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the business earned $3.72 earnings per share. As a group, equities analysts expect that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend is Wednesday, June 4th. PVH's dividend payout ratio is 1.42%.

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.