Calamos Advisors LLC trimmed its position in PVH Corp (NYSE:PVH) by 57.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 39,799 shares of the textile maker’s stock after selling 54,041 shares during the period. Calamos Advisors LLC’s holdings in PVH were worth $3,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. First Hawaiian Bank grew its holdings in PVH by 2.5% in the 4th quarter. First Hawaiian Bank now owns 6,340 shares of the textile maker’s stock valued at $589,000 after buying an additional 155 shares in the last quarter. Townsend & Associates Inc grew its holdings in PVH by 3.7% in the 4th quarter. Townsend & Associates Inc now owns 6,764 shares of the textile maker’s stock valued at $629,000 after buying an additional 243 shares in the last quarter. Penserra Capital Management LLC grew its holdings in PVH by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 2,944 shares of the textile maker’s stock valued at $425,000 after buying an additional 416 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in PVH by 6.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 7,491 shares of the textile maker’s stock valued at $1,081,000 after buying an additional 447 shares in the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management grew its holdings in PVH by 5.2% in the 3rd quarter. B & T Capital Management DBA Alpha Capital Management now owns 9,607 shares of the textile maker’s stock valued at $1,387,000 after buying an additional 476 shares in the last quarter. 96.45% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have commented on PVH. DA Davidson upped their price objective on PVH to $134.00 and gave the company a “buy” rating in a report on Monday, December 3rd. Buckingham Research decreased their price objective on PVH from $188.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday, October 17th. Zacks Investment Research raised PVH from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a report on Monday, October 22nd. Barclays reduced their target price on PVH from $178.00 to $155.00 and set an “overweight” rating on the stock in a report on Monday, December 3rd. Finally, Credit Suisse Group reduced their target price on PVH from $185.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, November 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. PVH presently has a consensus rating of “Buy” and an average price target of $147.76.

PVH opened at $108.37 on Monday. The firm has a market cap of $8.21 billion, a PE ratio of 13.65, a P/E/G ratio of 0.89 and a beta of 1.00. The company has a current ratio of 1.74, a quick ratio of 0.85 and a debt-to-equity ratio of 0.51. PVH Corp has a 52-week low of $86.46 and a 52-week high of $169.22.

PVH (NYSE:PVH) last released its quarterly earnings data on Thursday, November 29th. The textile maker reported $3.21 earnings per share for the quarter, beating the consensus estimate of $3.14 by $0.07. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.53 billion. PVH had a return on equity of 13.00% and a net margin of 7.20%. PVH’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $3.02 earnings per share. Equities analysts forecast that PVH Corp will post 9.5 earnings per share for the current year.

In other PVH news, Director Craig W. Rydin acquired 1,050 shares of PVH stock in a transaction that occurred on Friday, December 14th. The shares were acquired at an average cost of $94.09 per share, with a total value of $98,794.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Emanuel Chirico acquired 10,000 shares of PVH stock in a transaction that occurred on Friday, December 14th. The stock was acquired at an average cost of $95.51 per share, for a total transaction of $955,100.00. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.

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PVH Profile

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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