Zurcher Kantonalbank Zurich Cantonalbank Sells 10,253 Shares of PVH Corp. (NYSE:PVH)

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in PVH Corp. (NYSE:PVH - Free Report) by 42.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,940 shares of the textile maker's stock after selling 10,253 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in PVH were worth $1,474,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its stake in 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 buying an additional 124 shares during the period. GAMMA Investing LLC lifted its stake in shares of PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock valued at $52,000 after acquiring an additional 129 shares during the last quarter. Assetmark Inc. lifted its stake in shares of PVH by 11.8% in the 4th quarter. Assetmark Inc. now owns 1,451 shares of the textile maker's stock valued at $153,000 after acquiring an additional 153 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in shares of PVH by 15.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 1,750 shares of the textile maker's stock valued at $185,000 after acquiring an additional 240 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of PVH by 18.5% in the 3rd quarter. KBC Group NV now owns 1,604 shares of the textile maker's stock valued at $162,000 after acquiring an additional 250 shares during the last quarter. Institutional investors own 97.25% of the company's stock.

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Analysts Set New Price Targets

PVH has been the topic of a number of research analyst reports. UBS Group reduced their price target on PVH from $172.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday. JPMorgan Chase & Co. downgraded PVH from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $149.00 to $113.00 in a report on Friday, January 24th. Jefferies Financial Group reduced their price target on PVH from $104.00 to $101.00 and set a "hold" rating on the stock in a report on Tuesday, January 28th. The Goldman Sachs Group reduced their price target on PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Finally, Wells Fargo & Company downgraded PVH from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $130.00 to $105.00 in a report on Monday, February 3rd. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, PVH currently has a consensus rating of "Moderate Buy" and a consensus price target of $118.13.

Insider Activity at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of the company's stock in a transaction that occurred 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 directly owns 23,103 shares of the company's stock, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

PVH Stock Up 0.3 %

Shares of PVH stock traded up $0.17 during midday trading on Friday, hitting $65.00. The company had a trading volume of 3,548,505 shares, compared to its average volume of 887,388. 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 stock has a market capitalization of $3.62 billion, a P/E ratio of 5.29, a P/E/G ratio of 0.77 and a beta of 2.10. The company has a 50 day moving average of $79.85 and a 200 day moving average of $93.94. PVH Corp. has a 52-week low of $62.94 and a 52-week high of $141.15.

PVH Announces Dividend

The business also recently declared 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. The ex-dividend date is Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.23%. PVH's payout ratio is currently 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.