Jacobs Levy Equity Management Inc. Sells 10,847 Shares of PVH Corp. (NYSE:PVH)

Jacobs Levy Equity Management Inc. lowered its stake in PVH Corp. (NYSE:PVH - Free Report) by 9.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,464 shares of the textile maker's stock after selling 10,847 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.18% of PVH worth $10,413,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. raised its holdings in PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock worth $30,000 after buying an additional 124 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in PVH in the 4th quarter valued at about $47,000. GAMMA Investing LLC boosted its stake in PVH by 36.0% during the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock valued at $52,000 after purchasing an additional 129 shares during the last quarter. Allworth Financial LP bought a new stake in PVH during the 4th quarter worth approximately $50,000. Finally, Hoey Investments Inc. purchased a new stake in shares of PVH in the fourth quarter worth approximately $55,000. 97.25% of the stock is owned by institutional investors.

PVH Price Performance

PVH traded up $0.97 during trading on Friday, reaching $86.37. 1,508,314 shares of the company were exchanged, compared to its average volume of 986,599. The company's 50-day moving average is $69.77 and its two-hundred day moving average is $86.70. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 7.03, a P/E/G 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.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $2.37 billion during 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 period in the previous year, the business earned $3.72 EPS. Research analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.17%. PVH's dividend payout ratio (DPR) is presently 1.42%.

Wall Street Analyst Weigh In

Several analysts have recently commented on PVH shares. UBS Group lowered their target price on shares of PVH from $172.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Citigroup reiterated a "neutral" rating and set a $68.00 target price (down from $83.00) on shares of PVH in a research note on Monday, April 7th. Barclays reduced their price target on shares of PVH from $103.00 to $87.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Jefferies Financial Group upgraded shares of PVH from a "hold" rating to a "buy" rating and boosted their target price for the company from $70.00 to $105.00 in a research note on Wednesday. Finally, Evercore ISI lowered their price target on shares of PVH from $139.00 to $105.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $105.67.

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.