PVH Corp. (NYSE:PVH) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its stake in PVH Corp. (NYSE:PVH - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 682,236 shares of the textile maker's stock after selling 30,167 shares during the period. Victory Capital Management Inc. owned 1.23% of PVH worth $72,146,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its stake in PVH by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker's stock valued at $66,375,000 after acquiring an additional 4,645 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of PVH by 96.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker's stock valued at $65,000 after purchasing an additional 303 shares during the last quarter. US Bancorp DE boosted its position in shares of PVH by 3.0% in the 4th quarter. US Bancorp DE now owns 12,462 shares of the textile maker's stock valued at $1,318,000 after purchasing an additional 359 shares during the period. QRG Capital Management Inc. grew its stake in PVH by 102.5% during the 4th quarter. QRG Capital Management Inc. now owns 7,942 shares of the textile maker's stock worth $840,000 after buying an additional 4,020 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in PVH during the 4th quarter worth approximately $41,000. 97.25% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the sale, the executive vice president now directly owns 23,103 shares in the company, valued at approximately $2,437,366.50. This trade represents a 12.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PVH has been the subject of several research analyst reports. 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 lowered their price objective 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. StockNews.com cut shares of PVH from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. The Goldman Sachs Group decreased 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. Finally, Jefferies Financial Group dropped their price target on PVH from $104.00 to $101.00 and set a "hold" rating on the stock in a research report on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.07.

PVH Price Performance

PVH stock traded down $2.60 during midday trading on Monday, reaching $70.04. The company's stock had a trading volume of 887,224 shares, compared to its average volume of 866,740. The firm has a market capitalization of $3.90 billion, a PE ratio of 5.70, a P/E/G ratio of 0.77 and a beta of 2.10. PVH Corp. has a fifty-two week low of $68.80 and a fifty-two week high of $141.15. The stock's 50 day simple moving average is $87.66 and its 200 day simple moving average is $96.33. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors 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 0.21%. The ex-dividend date of this dividend is Wednesday, March 5th. PVH's dividend payout ratio (DPR) is 1.22%.

PVH Company 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.