AlphaQuest LLC Sells 8,524 Shares of PVH Corp. (NYSE:PVH)

AlphaQuest LLC reduced its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 66.6% in the 4th quarter, according to the company in its most recent filing with the Securities & 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Venturi Wealth Management LLC boosted its stake in shares of PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker's stock valued at $27,000 after purchasing an additional 106 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock valued at $30,000 after purchasing an additional 124 shares in the last quarter. Covestor Ltd boosted its stake in shares of PVH by 270.6% during the third quarter. Covestor Ltd now owns 404 shares of the textile maker's stock valued at $41,000 after purchasing an additional 295 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of PVH during the fourth quarter worth about $41,000. Finally, Allworth Financial LP bought a new position in shares of PVH during the fourth quarter worth about $50,000. 97.25% of the stock is currently owned by institutional investors.

PVH Stock Performance

Shares of NYSE PVH traded down $0.11 during trading on Friday, reaching $63.88. 1,822,218 shares of the stock traded hands, compared to its average volume of 866,887. PVH Corp. has a 52-week low of $62.94 and a 52-week high of $141.15. 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 company has a 50-day moving average of $83.75 and a 200-day moving average of $95.05. The stock has a market capitalization of $3.55 billion, a P/E ratio of 5.20, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10.

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PVH Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.23%. PVH's dividend payout ratio is presently 1.22%.

Insider Activity

In related news, EVP Mark D. Fischer sold 3,186 shares of the business's stock in a transaction 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 sale, the executive vice president now directly owns 23,103 shares in the company, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PVH. The Goldman Sachs Group lowered their target price on PVH from $128.00 to $109.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. 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. Barclays cut their target price on PVH from $144.00 to $98.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $130.00 target price on shares of PVH in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company cut PVH from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $130.00 to $105.00 in a research report on Monday, February 3rd. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $118.07.

About PVH

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.