Lingohr Asset Management GmbH Trims Stake in PVH Corp. (NYSE:PVH)

Lingohr Asset Management GmbH lowered its holdings in PVH Corp. (NYSE:PVH) by 34.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,545 shares of the textile maker’s stock after selling 2,348 shares during the quarter. Lingohr Asset Management GmbH’s holdings in PVH were worth $480,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position 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 purchasing an additional 4,645 shares during the period. Clark Estates Inc. NY purchased a new stake in PVH in the fourth quarter valued at $2,855,000. Bank of New York Mellon Corp raised its holdings in shares of PVH by 22.9% in the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock valued at $81,852,000 after buying an additional 144,260 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of PVH by 179,164.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock valued at $79,705,000 after buying an additional 759,656 shares during the period. Finally, QRG Capital Management Inc. raised its holdings in shares of PVH by 102.5% in the 4th quarter. QRG Capital Management Inc. now owns 7,942 shares of the textile maker’s stock valued at $840,000 after buying an additional 4,020 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Analysts Set New Price Targets

PVH has been the topic of several research analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $130.00 price objective on shares of PVH in a report on Wednesday, December 4th. Barclays cut their price objective on PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Jefferies Financial Group cut their price objective on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. UBS Group cut their price objective on PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. downgraded PVH from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $149.00 to $113.00 in a report on Friday, January 24th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.13.

PVH Trading Up 0.6 %

PVH opened at $65.19 on Thursday. PVH Corp. has a one year low of $62.94 and a one year high of $141.15. The company has a market cap of $3.63 billion, a P/E ratio of 5.31, a PEG ratio of 0.77 and a beta of 2.10. 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 business’s 50-day simple moving average is $81.32 and its 200-day simple moving average is $94.38.

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 paid a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.23%. PVH’s dividend payout ratio is presently 1.22%.

Insider Buying and Selling

In related news, EVP Mark D. Fischer sold 3,186 shares of the firm’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 transaction of $336,123.00. Following the transaction, the executive vice president now owns 23,103 shares in the company, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by company insiders.

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.