AlphaQuest LLC Decreases Holdings in PVH Corp. (NYSE:PVH)

AlphaQuest LLC cut its position in PVH Corp. (NYSE:PVH - Free Report) by 66.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,284 shares of the textile maker's stock after selling 8,524 shares during the quarter. AlphaQuest LLC's holdings in PVH were worth $453,000 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. Charles Schwab Investment Management Inc. grew its holdings in PVH by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker's stock worth $66,375,000 after acquiring an additional 4,645 shares during the last quarter. Clark Estates Inc. NY acquired a new position in PVH during the 4th quarter worth about $2,855,000. Bank of New York Mellon Corp grew its position 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 valued at $81,852,000 after buying an additional 144,260 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of 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 buying an additional 759,656 shares during the period. Finally, QRG Capital Management Inc. raised its position in shares of PVH by 102.5% during the fourth quarter. QRG Capital Management Inc. now owns 7,942 shares of the textile maker's stock worth $840,000 after acquiring an additional 4,020 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

PVH has been the subject of a number of recent analyst reports. Guggenheim increased their target price on shares of PVH from $105.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Wells Fargo & Company downgraded shares of PVH from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $130.00 to $105.00 in a research note on Monday, February 3rd. Jefferies Financial Group cut their price target on shares of PVH from $104.00 to $101.00 and set a "hold" rating on the stock in a research report on Tuesday, January 28th. The Goldman Sachs Group decreased their price target on PVH from $128.00 to $109.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Finally, Barclays dropped their price objective 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 assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $118.07.

PVH Stock Down 0.2 %

Shares of NYSE PVH traded down $0.11 during mid-day trading on Friday, reaching $63.88. 1,822,218 shares of the company's stock traded hands, compared to its average volume of 868,433. 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 1-year low of $62.95 and a 1-year high of $141.15. The stock has a market cap of $3.55 billion, a P/E ratio of 5.20, a PEG ratio of 0.77 and a beta of 2.10. The business has a 50-day simple moving average of $83.75 and a 200 day simple moving average of $95.13.

PVH Dividend Announcement

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 paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend is Wednesday, March 5th. PVH's dividend payout ratio (DPR) is presently 1.22%.

Insider Activity

In related news, EVP Mark D. Fischer sold 3,186 shares of the 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 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. This represents a 12.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company's stock.

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.