Investment House LLC Cuts Position in PVH Corp. (NYSE:PVH)

Investment House LLC trimmed its position in shares of PVH Corp. (NYSE:PVH - Free Report) by 54.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,950 shares of the textile maker's stock after selling 22,785 shares during the quarter. Investment House LLC's holdings in PVH were worth $2,004,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. boosted its position in PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock worth $30,000 after buying an additional 124 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of PVH during the fourth quarter worth $41,000. Allworth Financial LP bought a new stake in shares of PVH in the fourth quarter worth $50,000. GAMMA Investing LLC increased its holdings in PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock valued at $52,000 after purchasing an additional 129 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in PVH by 96.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker's stock worth $65,000 after purchasing an additional 303 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors.

PVH Stock Up 0.3 %

PVH stock traded up $0.17 during midday trading on Friday, reaching $65.00. 3,548,505 shares of the company's stock traded hands, compared to its average volume of 887,978. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The firm's fifty day moving average price is $79.85 and its 200-day moving average price is $93.92. PVH Corp. has a 52 week low of $62.94 and a 52 week high of $141.15. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 5.29, a P/E/G ratio of 0.77 and a beta of 2.10.

Remove Ads

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Wednesday, March 5th. PVH's payout ratio is presently 1.22%.

Analyst Upgrades and Downgrades

A number of research firms have commented on PVH. StockNews.com lowered PVH from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Jefferies Financial Group decreased their target price on shares of PVH from $104.00 to $101.00 and set a "hold" rating for the company in a research report on Tuesday, January 28th. Morgan Stanley dropped their price target 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. UBS Group decreased their price objective on shares of PVH from $172.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, The Goldman Sachs Group dropped their target price on shares of PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.13.

Insider Buying and Selling

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the business's stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the sale, the executive vice president now directly owns 23,103 shares of the company's stock, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by company insiders.

PVH Company 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.