Quent Capital LLC Reduces Stock Holdings in PVH Corp. (NYSE:PVH)

Quent Capital LLC trimmed its position in PVH Corp. (NYSE:PVH) by 95.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 319 shares of the textile maker’s stock after selling 7,313 shares during the period. Quent Capital LLC’s holdings in PVH were worth $34,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC boosted its position in PVH by 63.9% in the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after purchasing an additional 106 shares during the last quarter. UMB Bank n.a. boosted its position in PVH by 78.5% in the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after purchasing an additional 124 shares during the last quarter. Covestor Ltd boosted its position in PVH by 270.6% in the third 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. Allspring Global Investments Holdings LLC raised its stake in shares of PVH by 116.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after buying an additional 228 shares during the period. Finally, GAMMA Investing LLC raised 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 worth $52,000 after buying an additional 129 shares during the period. 97.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 price objective on shares of PVH in a research note on Wednesday, December 4th. Guggenheim raised their price objective on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Wells Fargo & Company downgraded PVH from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $130.00 to $105.00 in a research note on Monday, February 3rd. StockNews.com downgraded PVH from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Jefferies Financial Group decreased their price objective on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, PVH has a consensus rating of “Moderate Buy” and a consensus target price of $119.07.

PVH Stock Performance

NYSE:PVH opened at $77.40 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. PVH Corp. has a 1 year low of $76.34 and a 1 year high of $141.15. The stock’s 50 day simple moving average is $97.96 and its two-hundred day simple moving average is $98.80. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 6.30, a PEG ratio of 0.78 and a beta of 2.06.

PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.44. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the company posted $2.90 EPS. The company’s revenue was down 4.6% compared to the same quarter last year. As a group, equities analysts anticipate 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 will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date is Wednesday, March 5th. PVH’s dividend payout ratio (DPR) is 1.22%.

Insider Transactions at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the transaction, the executive vice president now owns 23,103 shares in the company, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

PVH Company 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.