Mutual of America Capital Management LLC Sells 2,224 Shares of PVH Corp. (NYSE:PVH)

Mutual of America Capital Management LLC lowered its holdings in PVH Corp. (NYSE:PVH) by 6.9% in the third quarter, Holdings Channel reports. The firm owned 30,190 shares of the textile maker’s stock after selling 2,224 shares during the quarter. Mutual of America Capital Management LLC’s holdings in PVH were worth $3,044,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PVH. Natixis Advisors LLC grew its holdings in shares of PVH by 20.8% in the 3rd quarter. Natixis Advisors LLC now owns 23,828 shares of the textile maker’s stock valued at $2,403,000 after acquiring an additional 4,095 shares in the last quarter. KBC Group NV boosted its position in PVH by 18.5% during the third quarter. KBC Group NV now owns 1,604 shares of the textile maker’s stock valued at $162,000 after purchasing an additional 250 shares during the last quarter. MQS Management LLC grew its stake in PVH by 71.6% in the third quarter. MQS Management LLC now owns 3,742 shares of the textile maker’s stock valued at $377,000 after purchasing an additional 1,561 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of PVH by 14.4% during the 3rd quarter. Victory Capital Management Inc. now owns 712,403 shares of the textile maker’s stock worth $71,832,000 after purchasing an additional 89,790 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of PVH by 63.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after purchasing an additional 106 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on PVH shares. Wells Fargo & Company decreased their target price on shares of PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, August 28th. BMO Capital Markets lowered their price objective on shares of PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 28th. Guggenheim dropped their target price on shares of PVH from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Morgan Stanley reduced their price target on PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, September 6th. Finally, TD Cowen dropped their price objective on PVH from $149.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Five investment 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $126.53.

PVH Stock Performance

Shares of NYSE PVH opened at $103.89 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 8.25, a P/E/G ratio of 0.89 and a beta of 2.11. The stock’s fifty day moving average price is $98.46 and its two-hundred day moving average price is $103.50. PVH Corp. has a one year low of $85.49 and a one year high of $141.15.

PVH (NYSE:PVH) last released its quarterly earnings results on Tuesday, August 27th. The textile maker reported $3.01 EPS 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 business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the prior year, the company posted $1.98 earnings per share. PVH’s revenue was down 6.0% compared to the same quarter last year. On average, equities analysts forecast that PVH Corp. will post 11.66 EPS for the current year.

PVH Dividend Announcement

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. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date is Wednesday, November 27th. PVH’s dividend payout ratio (DPR) is currently 1.19%.

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.