Natixis Advisors LLC Cuts Position in PVH Corp. (NYSE:PVH)

Natixis Advisors LLC cut its position in shares of PVH Corp. (NYSE:PVH - Free Report) by 35.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,485 shares of the textile maker's stock after selling 8,343 shares during the quarter. Natixis Advisors LLC's holdings in PVH were worth $1,638,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake 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 valued at $79,705,000 after purchasing an additional 759,656 shares in the last quarter. Channing Capital Management LLC grew its holdings in PVH by 87.0% in the fourth quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker's stock worth $72,015,000 after purchasing an additional 316,876 shares during the period. Swedbank AB boosted its stake in PVH by 153.2% in the 4th quarter. Swedbank AB now owns 440,483 shares of the textile maker's stock worth $46,581,000 after purchasing an additional 266,509 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of PVH by 22.9% in the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock worth $81,852,000 after purchasing an additional 144,260 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of PVH by 82.2% during the third quarter. JPMorgan Chase & Co. now owns 253,666 shares of the textile maker's stock valued at $25,577,000 after purchasing an additional 114,430 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company's stock.

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Insiders Place Their Bets

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the 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 of the company's stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company's stock.

PVH Stock Performance

Shares of NYSE PVH traded down $2.58 during mid-day trading on Tuesday, reaching $66.72. 970,620 shares of the company's stock were exchanged, compared to its average volume of 890,619. 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 firm has a 50-day moving average price of $79.28 and a two-hundred day moving average price of $93.71. PVH Corp. has a 52 week low of $62.94 and a 52 week high of $141.15. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 5.43, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a $0.0375 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.22%. PVH's dividend payout ratio (DPR) is 1.22%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Telsey Advisory Group reduced their price objective on shares of PVH from $130.00 to $90.00 and set an "outperform" rating on the stock in a research report on Tuesday. Morgan Stanley dropped their price target on PVH from $103.00 to $95.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. UBS Group lowered their price target on PVH from $172.00 to $160.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Guggenheim upped their target price on PVH from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, December 6th. Finally, Barclays decreased their price target on PVH from $144.00 to $98.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, PVH currently has an average rating of "Moderate Buy" and a consensus price target of $112.27.

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.