ARGA Investment Management LP Decreases Stock Position in PVH Corp. (NYSE:PVH)

ARGA Investment Management LP decreased its position in shares of PVH Corp. (NYSE:PVH) by 74.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,619 shares of the textile maker’s stock after selling 10,774 shares during the period. ARGA Investment Management LP’s holdings in PVH were worth $365,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PVH. Altshuler Shaham Ltd purchased a new stake in shares of PVH during the second quarter worth about $25,000. Venturi Wealth Management LLC grew its stake in PVH by 63.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 106 shares in the last quarter. Covestor Ltd increased its holdings in PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after purchasing an additional 295 shares during the last quarter. ORG Partners LLC acquired a new position in shares of PVH in the 2nd quarter valued at approximately $42,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after buying an additional 228 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PVH. TD Cowen dropped their price target on shares of PVH from $149.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Morgan Stanley dropped their target price on shares of PVH from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Friday, September 6th. Barclays cut their target price on shares of PVH from $154.00 to $142.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. The Goldman Sachs Group decreased their price target on PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $130.00 price objective on shares of PVH in a research note on Wednesday. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, PVH presently has an average rating of “Moderate Buy” and a consensus target price of $126.53.

PVH Stock Up 1.4 %

PVH stock opened at $108.37 on Friday. 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 firm’s 50-day simple moving average is $99.55 and its 200 day simple moving average is $103.27. The stock has a market cap of $6.05 billion, a PE ratio of 8.60, a price-to-earnings-growth ratio of 0.97 and a beta of 2.11. PVH Corp. has a fifty-two week low of $89.10 and a fifty-two week high of $141.15.

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 issued a dividend of $0.0375 per share. The ex-dividend date of this dividend 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 (DPR) is presently 1.19%.

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.