EMC Capital Management Sells 29,115 Shares of PVH Corp. (NYSE:PVH)

EMC Capital Management decreased its position in PVH Corp. (NYSE:PVH) by 91.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,674 shares of the textile maker’s stock after selling 29,115 shares during the quarter. EMC Capital Management’s holdings in PVH were worth $283,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PVH. Venturi Wealth Management LLC grew its holdings in shares of PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after buying an additional 106 shares during the last quarter. UMB Bank n.a. lifted its position in PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 124 shares in the last quarter. GAMMA Investing LLC boosted its stake in PVH by 36.0% during the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 129 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of PVH by 116.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after purchasing an additional 228 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its stake in shares of PVH by 15.9% in the fourth quarter. Central Pacific Bank Trust Division now owns 1,750 shares of the textile maker’s stock worth $185,000 after purchasing an additional 240 shares during the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PVH has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price target on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Bank of America lowered shares of PVH from a “buy” rating to a “neutral” rating and decreased their target price for the company from $130.00 to $107.00 in a research note on Wednesday, October 2nd. Guggenheim raised their price target on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Barclays upped their price objective on PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, Jefferies Financial Group dropped their target price on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $123.80.

PVH Price Performance

Shares of NYSE PVH traded up $1.11 during midday trading on Thursday, reaching $92.88. The stock had a trading volume of 16,612 shares, compared to its average volume of 972,615. 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 12-month low of $88.60 and a 12-month high of $141.15. The stock has a 50-day moving average of $103.74 and a 200-day moving average of $100.32. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 0.98 and a beta of 2.09.

PVH (NYSE:PVH) last posted its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period last year, the firm earned $2.90 earnings per share. As a group, research analysts anticipate that PVH Corp. will post 11.67 EPS for the current fiscal year.

Insider Activity

In other news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $105.50, for a total value of $336,123.00. Following the sale, the executive vice president now directly owns 23,103 shares in the company, valued at $2,437,366.50. The trade was a 12.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

About PVH

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.