PVH Corp. (PVH) Stake Reduced by Systematic Financial Management LP

Systematic Financial Management LP lowered its stake in PVH Corp. (NYSE:PVH) by 37.2% during the fourth quarter, Holdings Channel reports. The fund owned 777,993 shares of the company’s stock after selling 461,054 shares during the period. PVH Corp. makes up about 1.1% of Systematic Financial Management LP’s holdings, making the stock its 11th largest position. Systematic Financial Management LP owned approximately 0.98% of PVH Corp. worth $70,206,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PVH. Advisors Asset Management Inc. boosted its stake in shares of PVH Corp. by 172.0% in the third quarter. Advisors Asset Management Inc. now owns 1,088 shares of the company’s stock valued at $120,000 after buying an additional 688 shares during the last quarter. TLP Group LLC purchased a new stake in shares of PVH Corp. during the third quarter valued at approximately $137,000. Parametrica Management Ltd bought a new position in PVH Corp. during the third quarter valued at about $214,000. Horizon Investment Services LLC bought a new position in PVH Corp. during the third quarter valued at about $215,000. Finally, Ariel Capital Advisors LLC bought a new position in PVH Corp. during the third quarter valued at about $221,000. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for PVH Corp. (NYSE:PVH)

Shares of PVH Corp. (NYSE:PVH) traded down 1.32% during midday trading on Monday, reaching $88.93. 959,552 shares of the company were exchanged. PVH Corp. has a 52-week low of $70.57 and a 52-week high of $115.40. The company has a market capitalization of $7.05 billion, a P/E ratio of 12.44 and a beta of 0.67. The stock has a 50-day moving average price of $91.15 and a 200 day moving average price of $102.38.

PVH Corp. (NYSE:PVH) last announced its earnings results on Wednesday, November 30th. The company reported $2.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.40 by $0.20. The company earned $2.24 billion during the quarter, compared to the consensus estimate of $2.23 billion. PVH Corp. had a net margin of 7.10% and a return on equity of 12.15%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.66 earnings per share. Equities research analysts expect that PVH Corp. will post $6.76 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Friday, February 24th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, February 22nd. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. PVH Corp.’s dividend payout ratio is currently 2.10%.

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Several research analysts have issued reports on PVH shares. Zacks Investment Research cut PVH Corp. from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $124.00 price target on shares of PVH Corp. in a report on Monday, November 28th. Wunderlich reaffirmed a “buy” rating and issued a $125.00 price target on shares of PVH Corp. in a report on Sunday, December 4th. Brean Capital reaffirmed a “buy” rating and issued a $120.00 price target (down previously from $124.00) on shares of PVH Corp. in a report on Thursday, January 5th. Finally, Evercore ISI cut PVH Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, February 1st. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $114.14.

PVH Corp. Company Profile

PVH Corp. is an apparel company. The Company’s segments include Calvin Klein North America; Calvin Klein International; Tommy Hilfiger North America; Tommy Hilfiger International; Heritage Brands Wholesale, and Heritage Brands Retail. The Company’s brand portfolio consists of various brand names, including Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Warner’s, Olga and Eagle, which are owned, and Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Sean John, MICHAEL Michael Kors, Michael Kors Collection and Chaps, which are licensed, as well as various other licensed and private label brands.

5 Day Chart for NYSE:PVH

Want to see what other hedge funds are holding PVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PVH Corp. (NYSE:PVH).

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