PVH Corp. (NYSE:PVH) Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC cut its stake in PVH Corp. (NYSE:PVH - Free Report) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,354,266 shares of the textile maker's stock after selling 301,740 shares during the period. PVH accounts for 2.0% of Pzena Investment Management LLC's portfolio, making the stock its 22nd largest position. Pzena Investment Management LLC owned approximately 9.62% of PVH worth $566,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in PVH. Venturi Wealth Management LLC increased its position in shares of PVH by 63.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker's stock worth $27,000 after purchasing an additional 106 shares during the last quarter. UMB Bank n.a. grew its stake in PVH by 78.5% in the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock worth $30,000 after purchasing an additional 124 shares in the last quarter. Covestor Ltd increased its holdings in PVH by 270.6% in the third quarter. Covestor Ltd now owns 404 shares of the textile maker's stock valued at $41,000 after buying an additional 295 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in PVH during the fourth quarter valued at approximately $41,000. Finally, Allworth Financial LP bought a new position in PVH during the 4th quarter worth approximately $50,000. 97.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PVH

In other PVH 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 transaction of $336,123.00. Following the completion of the transaction, the executive vice president now directly owns 23,103 shares of the company's stock, valued at approximately $2,437,366.50. This trade represents a 12.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.00% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have recently weighed in on PVH. Guggenheim boosted their price target on PVH from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, December 6th. The Goldman Sachs Group lowered their target price on shares of PVH from $128.00 to $109.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Barclays reduced their price target on shares of PVH from $144.00 to $98.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. JPMorgan Chase & Co. downgraded shares of PVH from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $149.00 to $113.00 in a research report on Friday, January 24th. Finally, StockNews.com lowered shares of PVH from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. 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.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $118.07.

PVH Stock Performance

Shares of NYSE:PVH traded down $2.33 on Thursday, hitting $63.96. The company's stock had a trading volume of 1,218,615 shares, compared to its average volume of 865,527. PVH Corp. has a 12 month low of $63.79 and a 12 month high of $141.15. The stock's 50-day moving average is $85.40 and its two-hundred day moving average is $95.63. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 5.21, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10.

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 issued 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%.

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.