Crossmark Global Holdings Inc. Has $4.27 Million Holdings in PVH Corp. (NYSE:PVH)

Crossmark Global Holdings Inc. trimmed its position in shares of PVH Corp. (NYSE:PVH) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,339 shares of the textile maker’s stock after selling 2,061 shares during the period. Crossmark Global Holdings Inc. owned 0.07% of PVH worth $4,266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PVH. Pacer Advisors Inc. raised its holdings in shares of PVH by 39.6% in the 3rd quarter. Pacer Advisors Inc. now owns 1,705,717 shares of the textile maker’s stock valued at $171,987,000 after purchasing an additional 483,510 shares during the period. Point72 Asset Management L.P. raised its stake in PVH by 6,471.3% in the second quarter. Point72 Asset Management L.P. now owns 289,139 shares of the textile maker’s stock valued at $30,611,000 after buying an additional 284,739 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of PVH by 9.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock valued at $255,011,000 after buying an additional 208,648 shares during the last quarter. Swedbank AB bought a new position in shares of PVH during the 3rd quarter worth approximately $17,542,000. Finally, Marshall Wace LLP acquired a new position in shares of PVH during the 2nd quarter worth approximately $12,532,000. 97.25% of the stock is owned by institutional investors.

PVH Stock Down 0.1 %

NYSE PVH opened at $96.23 on Thursday. The business has a fifty day moving average price of $104.57 and a two-hundred day moving average price of $100.85. The stock has a market capitalization of $5.35 billion, a PE ratio of 7.84, a PEG ratio of 0.94 and a beta of 2.09. PVH Corp. has a fifty-two week low of $88.60 and a fifty-two week high of $141.15. 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 (NYSE:PVH) last announced its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the company earned $2.90 EPS. PVH’s revenue for the quarter was down 4.6% on a year-over-year basis. Equities analysts expect that PVH Corp. will post 11.68 earnings per share for the current fiscal year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.16%. The ex-dividend date was Wednesday, November 27th. PVH’s payout ratio is 1.22%.

Insider Buying and Selling at PVH

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

Analyst Ratings Changes

Several brokerages have issued reports on PVH. Bank of America downgraded PVH from a “buy” rating to a “neutral” rating and cut their price target for the company from $130.00 to $107.00 in a report on Wednesday, October 2nd. Telsey Advisory Group restated an “outperform” rating and set a $130.00 target price on shares of PVH in a research note on Wednesday, December 4th. Barclays upped their price target on shares of PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Morgan Stanley cut their price objective on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, Guggenheim upped their target price on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $127.67.

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.