Hsbc Holdings PLC Sells 30,875 Shares of PVH Corp. (NYSE:PVH)

Hsbc Holdings PLC lowered its stake in PVH Corp. (NYSE:PVH) by 77.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,764 shares of the textile maker’s stock after selling 30,875 shares during the period. Hsbc Holdings PLC’s holdings in PVH were worth $930,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. UMB Bank n.a. grew its position in PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after acquiring an additional 124 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of PVH during the fourth quarter valued at about $41,000. Allworth Financial LP bought a new stake in shares of PVH during the fourth quarter worth about $50,000. GAMMA Investing LLC increased its stake in shares of PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after buying an additional 129 shares during the period. Finally, Hoey Investments Inc. bought a new position in PVH in the 4th quarter valued at approximately $55,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on PVH shares. JPMorgan Chase & Co. decreased their price target on shares of PVH from $91.00 to $87.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. UBS Group reduced 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. Citigroup reissued a “neutral” rating and set a $68.00 target price (down previously from $83.00) on shares of PVH in a research note on Monday, April 7th. StockNews.com cut shares of PVH from a “buy” rating to a “hold” rating in a research report on Friday, April 18th. Finally, Morgan Stanley cut their price target on PVH from $95.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 2nd. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $103.00.

PVH Price Performance

PVH opened at $70.32 on Friday. The firm has a market cap of $3.70 billion, a P/E ratio of 5.73, a PEG ratio of 0.77 and a beta of 1.89. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $124.68. The firm has a 50-day moving average of $68.97 and a 200 day moving average of $87.82.

PVH (NYSE:PVH) last posted its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, topping analysts’ consensus estimates of $3.19 by $0.08. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the firm posted $3.72 EPS. PVH’s revenue was down 4.8% on a year-over-year basis. On average, research analysts expect that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend is Wednesday, June 4th. PVH’s dividend payout ratio (DPR) is presently 1.42%.

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.