Envestnet Asset Management Inc. Sells 17,948 Shares of PVH Corp. (NYSE:PVH)

Envestnet Asset Management Inc. cut its holdings in shares of PVH Corp. (NYSE:PVH) by 27.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,415 shares of the textile maker’s stock after selling 17,948 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.09% of PVH worth $5,126,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. New Covenant Trust Company N.A. bought a new stake in shares of PVH in the first quarter worth about $26,000. Headlands Technologies LLC bought a new stake in shares of PVH in the first quarter worth about $36,000. Riverview Trust Co purchased a new position in PVH in the first quarter worth about $36,000. Daiwa Securities Group Inc. purchased a new position in PVH in the first quarter worth about $42,000. Finally, Fidelis Capital Partners LLC purchased a new position in PVH in the first quarter worth about $52,000. 97.25% of the stock is owned by institutional investors.

PVH Stock Up 0.4 %

Shares of NYSE PVH opened at $100.83 on Tuesday. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 0.74 and a beta of 2.12. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32. PVH Corp. has a 52-week low of $69.27 and a 52-week high of $141.15. The business’s 50 day moving average is $97.80 and its two-hundred day moving average is $108.57.

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

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were paid a $0.0375 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $0.15 annualized dividend and a yield of 0.15%. PVH’s dividend payout ratio is presently 1.33%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. BMO Capital Markets dropped their price target on PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a research report on Wednesday, August 28th. StockNews.com lowered PVH from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 16th. Wells Fargo & Company dropped their price target on PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, August 28th. Barclays dropped their price target on PVH from $154.00 to $142.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Finally, TD Cowen dropped their target price on PVH from $149.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $130.40.

About PVH

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.