Thrivent Financial for Lutherans Sells 31,090 Shares of PVH Corp. (NYSE:PVH)

Thrivent Financial for Lutherans lowered its position in PVH Corp. (NYSE:PVH - Free Report) by 35.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 57,202 shares of the textile maker's stock after selling 31,090 shares during the period. Thrivent Financial for Lutherans owned 0.10% of PVH worth $6,049,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Natixis Advisors LLC lifted its holdings in PVH by 20.8% in the third quarter. Natixis Advisors LLC now owns 23,828 shares of the textile maker's stock valued at $2,403,000 after buying an additional 4,095 shares during the period. Landscape Capital Management L.L.C. acquired a new position in shares of PVH in the 3rd quarter valued at about $358,000. Charles Schwab Investment Management Inc. boosted its position in shares of PVH by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 623,010 shares of the textile maker's stock valued at $62,818,000 after purchasing an additional 3,745 shares in the last quarter. Eagle Asset Management Inc. boosted its position in shares of PVH by 18.7% during the 3rd quarter. Eagle Asset Management Inc. now owns 14,491 shares of the textile maker's stock valued at $1,510,000 after purchasing an additional 2,286 shares in the last quarter. Finally, Swedbank AB acquired a new stake in PVH during the third quarter worth approximately $17,542,000. 97.25% of the stock is owned by institutional investors.

PVH Stock Down 3.8 %

NYSE:PVH traded down $2.67 during trading hours on Tuesday, hitting $66.63. 413,923 shares of the company traded hands, compared to its average volume of 890,619. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The company has a market cap of $3.71 billion, a PE ratio of 5.43, a PEG ratio of 0.77 and a beta of 2.10. The firm's 50-day simple moving average is $79.28 and its 200-day simple moving average is $93.71. PVH Corp. has a one year low of $62.94 and a one year high of $141.15.

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PVH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date is Wednesday, March 5th. PVH's payout ratio is currently 1.22%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PVH. Barclays cut their price target on PVH from $144.00 to $98.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group cut their target price on shares of PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Jefferies Financial Group decreased their price target on shares of PVH from $104.00 to $101.00 and set a "hold" rating for the company in a research note on Tuesday, January 28th. Guggenheim upped their price objective on shares of PVH from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, December 6th. Finally, Wells Fargo & Company downgraded PVH from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $130.00 to $105.00 in a research note on Monday, February 3rd. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $112.27.

Insider Buying and Selling

In other PVH 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 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. The trade was a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by corporate insiders.

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.