Magnetar Financial LLC Cuts Stock Position in PVH Corp. (NYSE:PVH)

Magnetar Financial LLC trimmed its position in PVH Corp. (NYSE:PVH - Free Report) by 43.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,226 shares of the textile maker's stock after selling 7,161 shares during the period. Magnetar Financial LLC's holdings in PVH were worth $976,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in shares of PVH by 78.5% in 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 last quarter. Proficio Capital Partners LLC purchased a new position in PVH in the fourth quarter worth $41,000. Allworth Financial LP bought a new position in PVH in the 4th quarter valued at $50,000. GAMMA Investing LLC increased its position in shares of PVH by 36.0% during the 4th 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 last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of 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 period. Hedge funds and other institutional investors own 97.25% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PVH shares. Barclays reduced their price objective on PVH from $144.00 to $98.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Morgan Stanley decreased their price objective on PVH from $103.00 to $95.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. Jefferies Financial Group dropped their price objective on shares of PVH from $104.00 to $101.00 and set a "hold" rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company lowered shares of PVH from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $130.00 to $105.00 in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. downgraded shares of PVH from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $149.00 to $113.00 in a report on Friday, January 24th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, PVH has a consensus rating of "Moderate Buy" and an average target price of $112.27.

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PVH Trading Down 3.3 %

NYSE:PVH traded down $2.26 during mid-day trading on Tuesday, reaching $67.05. 242,108 shares of the company's stock traded hands, compared to its average volume of 1,087,839. The company has a 50 day moving average price of $79.28 and a 200-day moving average price of $93.71. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 5.46, a PEG ratio of 0.77 and a beta of 2.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. PVH Corp. has a 12-month low of $62.94 and a 12-month high of $141.15.

PVH Announces Dividend

The company 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 $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend is Wednesday, March 5th. PVH's dividend payout ratio is currently 1.22%.

Insider Transactions at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of the company's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the sale, the executive vice president now directly owns 23,103 shares of the company's stock, valued at $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company's stock.

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.