Pzena Investment Management LLC Sells 60,365 Shares of PVH Corp. $PVH

Pzena Investment Management LLC lowered its stake in shares of PVH Corp. (NYSE:PVH) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,194,629 shares of the textile maker’s stock after selling 60,365 shares during the quarter. PVH accounts for 1.3% of Pzena Investment Management LLC’s investment portfolio, making the stock its 25th largest holding. Pzena Investment Management LLC owned 0.14% of PVH worth $415,164,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Danske Bank A S bought a new stake in PVH during the third quarter worth $25,000. Saranac Partners Ltd bought a new stake in PVH during the third quarter worth $30,000. Global Retirement Partners LLC grew its holdings in PVH by 513.9% during the fourth quarter. Global Retirement Partners LLC now owns 442 shares of the textile maker’s stock worth $30,000 after buying an additional 370 shares in the last quarter. Quarry LP bought a new stake in PVH during the third quarter worth $58,000. Finally, Larson Financial Group LLC grew its holdings in PVH by 70,300.0% during the third quarter. Larson Financial Group LLC now owns 704 shares of the textile maker’s stock worth $59,000 after buying an additional 703 shares in the last quarter. Institutional investors own 97.25% of the company’s stock.

PVH Stock Up 2.5%

Shares of NYSE PVH opened at $86.78 on Friday. PVH Corp. has a one year low of $59.60 and a one year high of $100.15. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.52 and a quick ratio of 0.85. The business’s fifty day moving average price is $80.42 and its 200-day moving average price is $74.04. The stock has a market capitalization of $3.98 billion, a PE ratio of 228.37, a P/E/G ratio of 0.93 and a beta of 1.73.

PVH (NYSE:PVH) last issued its quarterly earnings results on Tuesday, March 31st. The textile maker reported $3.82 EPS for the quarter, beating analysts’ consensus estimates of $3.30 by $0.52. PVH had a return on equity of 11.55% and a net margin of 0.28%.The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter in the prior year, the firm earned $3.27 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities research analysts anticipate that PVH Corp. will post 12.01 EPS for the current year.

PVH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, June 3rd. PVH’s dividend payout ratio is currently 39.47%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wall Street Zen upgraded PVH from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. BTIG Research restated a “buy” rating and issued a $100.00 price objective on shares of PVH in a research note on Wednesday, April 1st. Jefferies Financial Group reduced their price objective on PVH from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. UBS Group reduced their price objective on PVH from $148.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, March 6th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $74.00 price objective on shares of PVH in a research note on Wednesday, April 1st. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $88.93.

About PVH

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.