Intrust Bank NA Trims Stock Position in PVH Corp (NYSE:PVH)

Intrust Bank NA lowered its holdings in shares of PVH Corp (NYSE:PVH) by 18.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,380 shares of the textile maker’s stock after selling 525 shares during the quarter. Intrust Bank NA’s holdings in PVH were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PVH. Boston Partners purchased a new stake in shares of PVH during the 4th quarter valued at about $134,185,000. Massachusetts Financial Services Co. MA lifted its stake in shares of PVH by 78.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 879,404 shares of the textile maker’s stock valued at $77,590,000 after buying an additional 386,483 shares in the last quarter. PointState Capital LP bought a new position in PVH in the 3rd quarter worth $8,576,000. Candriam Luxembourg S.C.A. boosted its holdings in PVH by 231.8% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 131,047 shares of the textile maker’s stock worth $13,780,000 after buying an additional 91,557 shares during the period. Finally, Acadian Asset Management LLC increased its stake in PVH by 119.1% in the 4th quarter. Acadian Asset Management LLC now owns 149,772 shares of the textile maker’s stock worth $15,749,000 after buying an additional 81,414 shares in the last quarter. 96.53% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:PVH traded up $0.80 during trading on Thursday, reaching $86.93. The company’s stock had a trading volume of 28,860 shares, compared to its average volume of 930,891. The stock has a market capitalization of $6.30 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 0.82 and a beta of 1.49. PVH Corp has a 12 month low of $67.41 and a 12 month high of $134.24. The company has a current ratio of 1.40, a quick ratio of 0.71 and a debt-to-equity ratio of 0.71. The firm’s 50 day simple moving average is $94.83 and its two-hundred day simple moving average is $90.86.

PVH (NYSE:PVH) last issued its quarterly earnings data on Monday, November 25th. The textile maker reported $3.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.99 by $0.11. The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.54 billion. PVH had a return on equity of 12.17% and a net margin of 6.57%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.21 earnings per share. Research analysts anticipate that PVH Corp will post 9.46 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Sunday, March 22nd will be issued a $0.0375 dividend. The ex-dividend date is Thursday, March 19th. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. PVH’s dividend payout ratio (DPR) is presently 1.56%.

Several brokerages have recently commented on PVH. BMO Capital Markets initiated coverage on PVH in a research report on Monday, February 3rd. They issued a “market perform” rating and a $94.00 price objective on the stock. Morgan Stanley lowered their target price on shares of PVH from $132.00 to $112.00 and set an “overweight” rating on the stock in a report on Wednesday. Zacks Investment Research cut shares of PVH from a “buy” rating to a “hold” rating and set a $106.00 price target on the stock. in a research note on Monday, January 13th. Guggenheim restated a “buy” rating and set a $125.00 price objective on shares of PVH in a research report on Tuesday, November 19th. Finally, Wells Fargo & Co reduced their target price on PVH from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $104.60.

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, 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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