Inspire Investing LLC Decreases Stake in PVH Corp. (NYSE:PVH)

Inspire Investing LLC lessened its holdings in PVH Corp. (NYSE:PVH) by 7.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,591 shares of the textile maker’s stock after selling 695 shares during the period. Inspire Investing LLC’s holdings in PVH were worth $910,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. New Covenant Trust Company N.A. bought a new stake in PVH in the first quarter worth about $26,000. Riverview Trust Co bought a new stake in shares of PVH in the 1st quarter worth approximately $36,000. Headlands Technologies LLC purchased a new position in PVH in the first quarter valued at approximately $36,000. Daiwa Securities Group Inc. bought a new position in PVH during the first quarter valued at $42,000. Finally, ORG Partners LLC purchased a new stake in PVH in the second quarter worth $42,000. 97.25% of the stock is owned by institutional investors.

PVH Stock Down 0.4 %

PVH stock opened at $97.13 on Friday. PVH Corp. has a 1-year low of $69.27 and a 1-year high of $141.15. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 0.74 and a beta of 2.12. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $98.66 and its 200 day moving average is $110.70.

PVH (NYSE:PVH) last posted its quarterly earnings data on Tuesday, August 27th. The textile maker reported $3.01 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.72. PVH had a net margin of 8.37% and a return on equity of 13.94%. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.07 billion. The business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the company posted $1.98 EPS. Sell-side analysts predict that PVH Corp. will post 11.59 EPS for the current fiscal year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be issued a dividend of $0.0375 per share. The ex-dividend date is Wednesday, September 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.15%. PVH’s dividend payout ratio is 1.33%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wedbush reiterated an “outperform” rating and set a $128.00 price target on shares of PVH in a research note on Wednesday, June 5th. StockNews.com lowered shares of PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Bank of America lowered their price target on shares of PVH from $133.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. TD Cowen cut their price objective on shares of PVH from $149.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Finally, BMO Capital Markets lowered their target price on shares of PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a report on Wednesday, August 28th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, PVH presently has an average rating of “Moderate Buy” and a consensus price target of $130.40.

PVH Company 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.