Scout Investments Inc. trimmed its position in shares of PVH Corp (NYSE:PVH) by 67.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,815 shares of the textile maker’s stock after selling 58,954 shares during the quarter. Scout Investments Inc.’s holdings in PVH were worth $4,016,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Amalgamated Bank lifted its stake in PVH by 3.5% during the 2nd quarter. Amalgamated Bank now owns 9,862 shares of the textile maker’s stock worth $1,477,000 after acquiring an additional 333 shares in the last quarter. CIBC Asset Management Inc lifted its stake in PVH by 4.1% during the 2nd quarter. CIBC Asset Management Inc now owns 8,451 shares of the textile maker’s stock worth $1,265,000 after acquiring an additional 333 shares in the last quarter. Raymond James Trust N.A. lifted its stake in PVH by 22.9% during the 2nd quarter. Raymond James Trust N.A. now owns 2,005 shares of the textile maker’s stock worth $300,000 after acquiring an additional 373 shares in the last quarter. IFP Advisors Inc lifted its stake in PVH by 9.0% during the 2nd quarter. IFP Advisors Inc now owns 4,760 shares of the textile maker’s stock worth $713,000 after acquiring an additional 395 shares in the last quarter. Finally, Lido Advisors LLC lifted its stake in PVH by 26.8% during the 2nd quarter. Lido Advisors LLC now owns 2,062 shares of the textile maker’s stock worth $308,000 after acquiring an additional 436 shares in the last quarter. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Shares of PVH stock traded down $4.87 during midday trading on Friday, hitting $121.41. The company had a trading volume of 604,605 shares, compared to its average volume of 937,582. PVH Corp has a 52-week low of $116.52 and a 52-week high of $169.22. The company has a market capitalization of $9.53 billion, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 1.06 and a beta of 0.92. The company has a current ratio of 1.72, a quick ratio of 0.78 and a debt-to-equity ratio of 0.52.

PVH (NYSE:PVH) last announced its earnings results on Wednesday, August 29th. The textile maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.09. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.29 billion. PVH had a return on equity of 13.07% and a net margin of 7.28%. The company’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the business posted $1.69 EPS. As a group, equities analysts predict that PVH Corp will post 9.27 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Wednesday, November 28th will be issued a $0.0375 dividend. The ex-dividend date is Tuesday, November 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. PVH’s dividend payout ratio is currently 1.89%.

Several equities analysts recently issued reports on the company. Piper Jaffray Companies set a $177.00 target price on PVH and gave the stock a “buy” rating in a research note on Thursday, August 30th. Deutsche Bank increased their price target on PVH from $171.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. Zacks Investment Research raised PVH from a “hold” rating to a “buy” rating and set a $166.00 price target on the stock in a research report on Friday, August 17th. Bank of America set a $180.00 price target on PVH and gave the company a “buy” rating in a research report on Thursday, August 30th. Finally, DA Davidson assumed coverage on PVH in a research report on Tuesday, September 25th. They issued a “buy” rating and a $167.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $169.30.

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PVH Profile

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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