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

EMC Capital Management lowered its position in shares of PVH Corp. (NYSE:PVH) by 91.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PVH. Venturi Wealth Management LLC grew its holdings in 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 purchasing an additional 106 shares during the period. UMB Bank n.a. lifted its position in shares of PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after buying an additional 124 shares during the last quarter. Covestor Ltd grew its stake in shares of PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after acquiring an additional 295 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in 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 acquiring an additional 228 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after acquiring an additional 129 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Price Performance

Shares of PVH stock traded up $1.11 on Thursday, hitting $92.88. 16,612 shares of the company traded hands, compared to its average volume of 972,615. The firm’s 50-day simple moving average is $103.74 and its 200 day simple moving average is $100.32. PVH Corp. has a 12-month low of $88.60 and a 12-month high of $141.15. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The company has a market cap of $5.17 billion, a P/E ratio of 7.57, a P/E/G ratio of 0.98 and a beta of 2.09.

PVH (NYSE:PVH) last released its earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating the consensus estimate of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the firm earned $2.90 EPS. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. Analysts expect that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on PVH shares. Barclays increased their target price on shares of PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Guggenheim lifted their price objective on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. downgraded PVH from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $149.00 to $113.00 in a research report on Friday, January 24th. Jefferies Financial Group cut their price target on PVH from $104.00 to $101.00 and set a “hold” rating for the company in a report on Tuesday. Finally, Bank of America cut PVH from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $130.00 to $107.00 in a report on Wednesday, October 2nd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.80.

Insider Transactions at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of the firm’s 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 $2,437,366.50. This trade represents a 12.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

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.