Hahn Capital Management LLC Reduces Position in PVH Corp. (NYSE:PVH)
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The Hahn Capital Management LLC reduced its stake in PVH Corp by 15.0% in the 3rd quarter, owning 64,318 shares of the textile maker’s stock. This makes up 2.0% of Hahn Capital Management LLC’s portfolio and 0.11% of PVH worth $4,921,000. The company has also seen a number of upgrades from research analysts, who have given it a “Moderate Buy” rating and a consensus target price of $108.25. Several insiders have also sold shares of the company. PVH’s executives sold a total of 41,940 shares of company stock worth $4,767,962 over the last ninety days. Product insiders own 0.78% of the company’s stock. The company also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. PVH Corp. has a 12 month low of $69.27 and a 12 month high of $123.90. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 0.66. Its market cap is $6.98 billion, its price-to-earnings ratio is 13.80, and it has a price-to-earnings-growth ratio of 0.78 and a beta of 2.20. The business’s 50-day simple moving average is $99.43 and its 200-day simple moving average is $87.29. PVH last posted its earnings results on Thursday, November 30th. The textile maker reported $2.90 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.16. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Analysts predict that PVH will post 10.46 earnings per share for the current year. PVH Corp. operates as an apparel company in the United States and internationally. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail, designing, marketing, and retailing men’s, women’s, and children’s apparel and accessories. PVH wasn’t on the list of stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on. PVH currently has a “Moderate Buy” rating among analysts, but top-rated analysts believe there are five better buys.
Read more: Hahn Capital Management LLC Reduces Position in PVH Corp. (NYSE:PVH)