Janus Henderson Group PLC Lowers Position in PVH Corp. (NYSE:PVH)

Janus Henderson Group PLC lessened its position in PVH Corp. (NYSE:PVH) by 12.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,686 shares of the textile maker’s stock after selling 3,300 shares during the quarter. Janus Henderson Group PLC’s holdings in PVH were worth $2,389,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PVH. Clearline Capital LP lifted 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 last quarter. Paloma Partners Management Co purchased a new position in PVH in the third quarter worth about $382,000. Point72 Hong Kong Ltd raised 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 buying an additional 1,233 shares during the last quarter. Erste Asset Management GmbH purchased a new position in PVH in the third quarter worth about $1,997,000. Finally, Maverick Capital Ltd. purchased a new position in PVH in the third quarter worth about $2,752,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Trading Down 2.4 %

Shares of PVH stock opened at $107.17 on Friday. The company has a market capitalization of $5.98 billion, a P/E ratio of 8.73, a P/E/G ratio of 0.97 and a beta of 2.10. 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 fifty day moving average of $101.78 and a 200 day moving average of $102.96. PVH Corp. has a fifty-two week low of $89.56 and a fifty-two week high of $141.15.

PVH (NYSE:PVH) last issued its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the firm posted $2.90 EPS. PVH’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, sell-side analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. PVH’s dividend payout ratio is 1.22%.

Analyst Ratings Changes

Several research analysts have issued reports on PVH shares. StockNews.com cut shares of PVH from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Telsey Advisory Group reissued an “outperform” rating and set a $130.00 price objective on shares of PVH in a report on Wednesday, December 4th. The Goldman Sachs Group dropped their target price on shares of PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. BMO Capital Markets lowered their price target on PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a report on Wednesday, August 28th. Finally, TD Cowen cut their price objective on PVH from $149.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Five research 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $128.00.

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.