PVH Corp. (NYSE:PVH) Shares Sold by Quarry LP

Quarry LP trimmed its position in shares of PVH Corp. (NYSE:PVH) by 85.8% in the third quarter, HoldingsChannel reports. The firm owned 272 shares of the textile maker’s stock after selling 1,646 shares during the period. Quarry LP’s holdings in PVH were worth $27,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Redwood Investment Management LLC grew its holdings in PVH by 4.1% in the 3rd quarter. Redwood Investment Management LLC now owns 13,647 shares of the textile maker’s stock worth $1,371,000 after buying an additional 534 shares in the last quarter. Petrus Trust Company LTA grew its stake in shares of PVH by 42.8% in the third quarter. Petrus Trust Company LTA now owns 12,188 shares of the textile maker’s stock worth $1,229,000 after purchasing an additional 3,652 shares in the last quarter. Clearline Capital LP increased its holdings in shares of PVH by 43.7% during the third quarter. Clearline Capital LP now owns 127,745 shares of the textile maker’s stock valued at $12,881,000 after purchasing an additional 38,864 shares during the period. Paloma Partners Management Co bought a new stake in shares of PVH during the third quarter valued at about $382,000. Finally, Point72 Hong Kong Ltd lifted its holdings in PVH by 7.6% in the third quarter. Point72 Hong Kong Ltd now owns 17,486 shares of the textile maker’s stock worth $1,763,000 after purchasing an additional 1,233 shares during the period. Institutional investors own 97.25% of the company’s stock.

PVH Stock Performance

Shares of PVH opened at $107.17 on Friday. PVH Corp. has a 52 week low of $89.56 and a 52 week high of $141.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The company has a market capitalization of $5.98 billion, a PE ratio of 8.73, a PEG ratio of 0.97 and a beta of 2.10. The company’s 50 day moving average price is $101.78 and its 200 day moving average price is $102.96.

PVH (NYSE:PVH) last announced its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.44. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the company earned $2.90 earnings per share. PVH’s quarterly revenue was down 4.6% compared to the same quarter last year. Research analysts expect that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.0375 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. PVH’s dividend payout ratio (DPR) is 1.22%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Morgan Stanley dropped their price target on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Friday, September 6th. Wells Fargo & Company lowered their price target on PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 28th. BMO Capital Markets cut their price objective on PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a report on Wednesday, August 28th. Guggenheim lifted their target price on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, TD Cowen cut their price target 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. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, PVH currently has an average rating of “Moderate Buy” and a consensus target price of $128.00.

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.