Clark Estates Inc. NY Purchases New Position in PVH Corp. (NYSE:PVH)

Clark Estates Inc. NY bought a new position in PVH Corp. (NYSE:PVH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 27,000 shares of the textile maker's stock, valued at approximately $2,855,000.

Other large investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in PVH by 179,164.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock worth $79,705,000 after buying an additional 759,656 shares during the last quarter. Franklin Resources Inc. grew its position in shares of PVH by 5.9% in the third quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker's stock valued at $26,942,000 after purchasing an additional 15,483 shares in the last quarter. Empowered Funds LLC grew its position in shares of PVH by 947.1% in the fourth quarter. Empowered Funds LLC now owns 79,163 shares of the textile maker's stock valued at $8,371,000 after purchasing an additional 71,603 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of PVH by 22.9% in the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock valued at $81,852,000 after purchasing an additional 144,260 shares in the last quarter. Finally, QRG Capital Management Inc. grew its position in shares of PVH by 102.5% in the fourth quarter. QRG Capital Management Inc. now owns 7,942 shares of the textile maker's stock valued at $840,000 after purchasing an additional 4,020 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Guggenheim lifted their price target on PVH from $105.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Jefferies Financial Group reduced their price target on PVH from $104.00 to $101.00 and set a "hold" rating for the company in a research report on Tuesday, January 28th. The Goldman Sachs Group reduced their price target on PVH from $128.00 to $109.00 and set a "buy" rating for the company in a research report on Tuesday. JPMorgan Chase & Co. lowered PVH from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $149.00 to $113.00 in a research note on Friday, January 24th. Finally, Morgan Stanley dropped their price objective on PVH from $103.00 to $95.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, PVH currently has a consensus rating of "Moderate Buy" and an average price target of $118.07.

PVH Price Performance

PVH stock traded up $0.34 during mid-day trading on Friday, hitting $72.75. 897,418 shares of the stock were exchanged, compared to its average volume of 865,754. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The business has a fifty day moving average price of $88.36 and a 200 day moving average price of $96.59. PVH Corp. has a 12 month low of $68.80 and a 12 month high of $141.15. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 5.92, a PEG ratio of 0.77 and a beta of 2.10.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.44. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the company posted $2.90 earnings per share. The company's revenue was down 4.6% compared to the same quarter last year. On average, sell-side analysts anticipate that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. PVH's dividend payout ratio is currently 1.22%.

Insider Transactions at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the transaction, the executive vice president now owns 23,103 shares in the company, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company's stock.

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.