Ieq Capital LLC Acquires Shares of 28,927 PVH Corp. (NYSE:PVH)

Ieq Capital LLC acquired a new position in shares of PVH Corp. (NYSE:PVH - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 28,927 shares of the textile maker's stock, valued at approximately $3,059,000. Ieq Capital LLC owned approximately 0.05% of PVH at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Pzena Investment Management LLC lifted its holdings in shares of PVH by 0.6% during the 3rd quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker's stock valued at $570,295,000 after buying an additional 32,300 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in PVH by 9.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker's stock valued at $255,011,000 after acquiring an additional 208,648 shares during the last quarter. Pacer Advisors Inc. grew its position in PVH by 2.2% in the fourth quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker's stock worth $184,263,000 after acquiring an additional 36,719 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock worth $79,705,000 after purchasing an additional 759,656 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of PVH by 14.4% in the 3rd quarter. Victory Capital Management Inc. now owns 712,403 shares of the textile maker's stock valued at $71,832,000 after purchasing an additional 89,790 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

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Insider Buying and Selling at PVH

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

PVH Price Performance

Shares of NYSE PVH traded up $1.47 during trading on Wednesday, reaching $78.29. The company had a trading volume of 854,058 shares, compared to its average volume of 987,817. The business's 50 day moving average price is $93.11 and its 200-day moving average price is $97.77. The stock has a market cap of $4.36 billion, a PE ratio of 6.38, a PEG ratio of 0.77 and a beta of 2.06. PVH Corp. has a 52 week low of $76.34 and a 52 week high of $141.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

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

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Wednesday, March 5th. PVH's dividend payout ratio (DPR) is presently 1.22%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PVH. Jefferies Financial Group reduced their target price on PVH from $104.00 to $101.00 and set a "hold" rating for the company in a report on Tuesday, January 28th. Morgan Stanley dropped their target price on shares of PVH from $103.00 to $95.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st. Guggenheim increased their price target on shares of PVH from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, December 6th. Barclays cut their price objective on shares of PVH from $144.00 to $98.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $130.00 price target on shares of PVH in a research note on Wednesday, December 4th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, PVH has an average rating of "Moderate Buy" and an average target price of $119.07.

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.