Alliancebernstein L.P. Reduces Stock Position in PVH Corp. (NYSE:PVH)

Alliancebernstein L.P. decreased its holdings in PVH Corp. (NYSE:PVH) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 834,193 shares of the textile maker’s stock after selling 15,226 shares during the quarter. Alliancebernstein L.P.’s holdings in PVH were worth $88,216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. increased its stake in PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after buying an additional 124 shares during the period. GAMMA Investing LLC grew its stake in PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after acquiring an additional 129 shares in the last quarter. Allworth Financial LP purchased a new position in shares of PVH during the fourth quarter worth approximately $50,000. Smartleaf Asset Management LLC raised its stake in shares of PVH by 96.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker’s stock valued at $65,000 after acquiring an additional 303 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of PVH by 11.8% in the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock valued at $153,000 after purchasing an additional 153 shares during the period. 97.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on PVH. Evercore ISI decreased their target price on PVH from $139.00 to $105.00 and set an “outperform” rating for the company in a research report on Tuesday. The Goldman Sachs Group decreased their price objective on PVH from $128.00 to $109.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Citigroup dropped their target price on shares of PVH from $123.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. StockNews.com upgraded shares of PVH from a “hold” rating to a “buy” rating in a report on Thursday. Finally, UBS Group dropped their price objective on shares of PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $107.40.

PVH Stock Performance

Shares of PVH opened at $65.52 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The firm has a market cap of $3.65 billion, a PE ratio of 5.34, a P/E/G ratio of 0.77 and a beta of 2.10. PVH Corp. has a 12 month low of $62.91 and a 12 month high of $124.68. The stock has a fifty day moving average price of $74.97 and a 200-day moving average price of $92.30.

PVH (NYSE:PVH) last released its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.08. PVH had a return on equity of 13.66% and a net margin of 8.13%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the business posted $3.72 earnings per share. The firm’s revenue was down 4.8% compared to the same quarter last year. Equities research analysts predict 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 was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.23%. The ex-dividend date was Wednesday, March 5th. PVH’s dividend payout ratio is presently 1.22%.

PVH 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.