PNC Financial Services Group Inc. Sells 117 Shares of PVH Corp. (NYSE:PVH)

PNC Financial Services Group Inc. decreased its holdings in shares of PVH Corp. (NYSE:PVH) by 1.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,355 shares of the textile maker’s stock after selling 117 shares during the period. PNC Financial Services Group Inc.’s holdings in PVH were worth $943,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Lingohr Asset Management GmbH raised its position in shares of PVH by 3.9% in the 3rd quarter. Lingohr Asset Management GmbH now owns 6,893 shares of the textile maker’s stock worth $695,000 after purchasing an additional 256 shares during the last quarter. Quest Partners LLC purchased a new position in PVH in the third quarter worth about $1,291,000. Thrivent Financial for Lutherans raised its holdings in PVH by 42.7% in the third quarter. Thrivent Financial for Lutherans now owns 88,292 shares of the textile maker’s stock worth $8,902,000 after buying an additional 26,403 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of PVH by 20.8% in the third quarter. Natixis Advisors LLC now owns 23,828 shares of the textile maker’s stock worth $2,403,000 after buying an additional 4,095 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of 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 buying an additional 250 shares during the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Stock Down 0.6 %

NYSE PVH opened at $106.88 on Friday. PVH Corp. has a 52 week low of $88.15 and a 52 week high of $141.15. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $5.97 billion, a P/E ratio of 8.48, a price-to-earnings-growth ratio of 0.97 and a beta of 2.11. The stock’s 50-day moving average price is $99.14 and its 200-day moving average price is $103.28.

PVH (NYSE:PVH) last released its earnings results on Tuesday, August 27th. The textile maker reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.72. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.07 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. The firm’s revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.98 EPS. On average, equities research analysts predict that PVH Corp. will post 11.75 earnings per share for the current year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date is Wednesday, November 27th. PVH’s dividend payout ratio (DPR) is 1.19%.

Analysts Set New Price Targets

Several analysts have commented on PVH shares. StockNews.com downgraded PVH from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company dropped their price objective on PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 28th. Bank of America lowered PVH from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd. 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 report on Friday, September 6th. Finally, Guggenheim decreased their price objective on shares of PVH from $120.00 to $105.00 and set a “buy” rating for the company in a report on Monday, October 28th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $126.53.

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.