Sound Shore Management Inc. CT Sells 105,756 Shares of PVH Corp. (NYSE:PVH)

Sound Shore Management Inc. CT lessened its holdings in PVH Corp. (NYSE:PVH - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 882,217 shares of the textile maker's stock after selling 105,756 shares during the period. PVH makes up 3.1% of Sound Shore Management Inc. CT's investment portfolio, making the stock its 6th largest position. Sound Shore Management Inc. CT owned 1.59% of PVH worth $93,294,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PVH. KLP Kapitalforvaltning AS purchased a new position in shares of PVH during the 4th quarter worth approximately $1,206,000. Sei Investments Co. lifted its stake in PVH by 28.0% during the fourth quarter. Sei Investments Co. now owns 230,735 shares of the textile maker's stock worth $24,400,000 after purchasing an additional 50,417 shares in the last quarter. American Century Companies Inc. boosted its position in shares of PVH by 203.5% during the fourth quarter. American Century Companies Inc. now owns 454,808 shares of the textile maker's stock worth $48,096,000 after buying an additional 304,973 shares during the period. Teacher Retirement System of Texas grew its stake in shares of PVH by 17.6% in the fourth quarter. Teacher Retirement System of Texas now owns 39,195 shares of the textile maker's stock valued at $4,145,000 after buying an additional 5,870 shares in the last quarter. Finally, Xponance Inc. raised its holdings in shares of PVH by 8.5% in the 4th quarter. Xponance Inc. now owns 6,953 shares of the textile maker's stock valued at $735,000 after buying an additional 542 shares during the period. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PVH shares. Jefferies Financial Group dropped their target price on PVH from $104.00 to $101.00 and set a "hold" rating for the company in a research report on Tuesday, January 28th. StockNews.com cut shares of PVH from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Guggenheim increased their target price on shares of PVH from $105.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, December 6th. UBS Group dropped their price target on shares of PVH from $172.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Finally, The Goldman Sachs Group reduced their price objective on PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Eight equities research 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 $112.27.

Insiders Place Their Bets

In related news, EVP Mark D. Fischer sold 3,186 shares of the company's 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 completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.00% of the company's stock.

PVH Stock Down 3.7 %

PVH stock traded down $2.58 during mid-day trading on Tuesday, hitting $66.72. The company had a trading volume of 970,620 shares, compared to its average volume of 890,937. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 5.43, a PEG ratio of 0.77 and a beta of 2.10. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. PVH Corp. has a 1 year low of $62.94 and a 1 year high of $141.15. The business has a fifty day moving average of $78.64 and a 200 day moving average of $93.51.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.15 annualized dividend and a yield of 0.22%. PVH's dividend payout ratio 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.