US Bancorp DE Trims Stake in PVH Corp. (NYSE:PVH)

US Bancorp DE lowered its position in shares of PVH Corp. (NYSE:PVH) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,103 shares of the textile maker’s stock after selling 639 shares during the period. US Bancorp DE’s holdings in PVH were worth $1,220,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in PVH during the second quarter worth about $25,000. New Covenant Trust Company N.A. bought a new stake in PVH during the first quarter worth about $26,000. Headlands Technologies LLC bought a new stake in PVH during the first quarter worth about $36,000. Daiwa Securities Group Inc. bought a new stake in PVH during the first quarter worth about $42,000. Finally, ORG Partners LLC bought a new stake in PVH during the second quarter worth about $42,000. Institutional investors own 97.25% of the company’s stock.

PVH Stock Up 3.1 %

PVH stock opened at $105.42 on Friday. PVH Corp. has a fifty-two week low of $74.81 and a fifty-two week high of $141.15. The business’s 50 day moving average price is $97.16 and its two-hundred day moving average price is $104.26. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.24. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 8.37, a price-to-earnings-growth ratio of 0.91 and a beta of 2.11.

PVH (NYSE:PVH) last posted its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.72. PVH had a return on equity of 13.94% and a net margin of 8.37%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the business earned $1.98 EPS. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, analysts forecast that PVH Corp. will post 11.66 earnings per share for the current fiscal year.

PVH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. PVH’s payout ratio is currently 1.19%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PVH shares. Guggenheim dropped their price target on PVH from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Morgan Stanley lowered their target price on PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Friday, September 6th. Wells Fargo & Company lowered their target price on PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, August 28th. TD Cowen lowered their target price on PVH from $149.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, StockNews.com lowered PVH from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $126.53.

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.