Hantz Financial Services Inc. Sells 142 Shares of PVH Corp. (NYSE:PVH)

Hantz Financial Services Inc. cut its stake in PVH Corp. (NYSE:PVH) by 3.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,496 shares of the textile maker’s stock after selling 142 shares during the period. Hantz Financial Services Inc.’s holdings in PVH were worth $353,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PVH. Pacer Advisors Inc. lifted its stake in shares of PVH by 13,275.0% in the second quarter. Pacer Advisors Inc. now owns 1,222,207 shares of the textile maker’s stock valued at $129,395,000 after buying an additional 1,213,069 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of PVH by 14.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,320,471 shares of the textile maker’s stock worth $245,668,000 after acquiring an additional 296,040 shares during the period. Point72 Asset Management L.P. lifted its position in shares of PVH by 6,471.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 289,139 shares of the textile maker’s stock worth $30,611,000 after acquiring an additional 284,739 shares during the period. Pzena Investment Management LLC lifted its position in PVH by 5.3% in the second quarter. Pzena Investment Management LLC now owns 5,623,706 shares of the textile maker’s stock worth $595,382,000 after purchasing an additional 284,269 shares during the period. Finally, Swedbank AB bought a new position in PVH in the third quarter worth $17,542,000. 97.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Bank of America cut PVH from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd. The Goldman Sachs Group cut their price target on shares of PVH from $144.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Guggenheim cut their price target on shares of PVH from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Wells Fargo & Company cut their target price on PVH from $145.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, August 28th. Finally, BMO Capital Markets cut their target price on shares of PVH from $119.00 to $106.00 and set a “market perform” rating for the company in a research note on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, PVH has a consensus rating of “Moderate Buy” and an average price target of $126.53.

PVH Stock Up 1.4 %

PVH stock opened at $108.37 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.24 and a quick ratio of 0.66. The stock has a market capitalization of $6.05 billion, a P/E ratio of 8.60, a P/E/G ratio of 0.97 and a beta of 2.11. The business has a 50-day moving average of $99.55 and a 200-day moving average of $103.18. PVH Corp. has a fifty-two week low of $89.10 and a fifty-two week high of $141.15.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date is Wednesday, November 27th. PVH’s payout ratio is 1.19%.

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.