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

Investment House LLC cut its position in PVH Corp. (NYSE:PVH) by 54.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,950 shares of the textile maker’s stock after selling 22,785 shares during the period. Investment House LLC’s holdings in PVH were worth $2,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of PVH by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker’s stock worth $66,375,000 after acquiring an additional 4,645 shares during the last quarter. Clark Estates Inc. NY acquired a new stake in shares of PVH in the fourth quarter worth approximately $2,855,000. Bank of New York Mellon Corp boosted its stake in shares of PVH by 22.9% in the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock worth $81,852,000 after acquiring an additional 144,260 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in PVH by 179,164.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after buying an additional 759,656 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its stake in PVH by 102.5% during the fourth 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. 97.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PVH

In related 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 sale, the executive vice president now owns 23,103 shares in the company, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PVH shares. Barclays lowered their price objective on PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Telsey Advisory Group reissued an “outperform” rating and set a $130.00 price objective on shares of PVH in a research note on Wednesday, December 4th. JPMorgan Chase & Co. lowered PVH from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $149.00 to $113.00 in a research note on Friday, January 24th. The Goldman Sachs Group lowered 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. Finally, Wells Fargo & Company lowered PVH from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $130.00 to $105.00 in a research note on Monday, February 3rd. Eight investment 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.07.

PVH Price Performance

PVH stock opened at $64.78 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $3.60 billion, a PE ratio of 5.28, a P/E/G ratio of 0.77 and a beta of 2.10. PVH Corp. has a 12-month low of $62.94 and a 12-month high of $141.15. The business’s fifty day moving average price is $82.09 and its 200 day moving average price is $94.59.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued 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 dividend payout ratio is presently 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.