Citizens Financial Group Inc. RI Buys New Shares in PVH Corp. (NYSE:PVH)

Citizens Financial Group Inc. RI purchased a new stake in shares of PVH Corp. (NYSE:PVH) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,407 shares of the textile maker’s stock, valued at approximately $466,000.

A number of other hedge funds have also recently bought and sold shares of PVH. Venturi Wealth Management LLC boosted its holdings in shares of PVH by 63.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after buying an additional 106 shares during the last quarter. UMB Bank n.a. raised its position in PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after acquiring an additional 124 shares in the last quarter. Covestor Ltd lifted its stake in PVH by 270.6% in the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 295 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in PVH in the fourth quarter valued at $41,000. Finally, Allworth Financial LP bought a new position in shares of PVH in the 4th quarter valued at about $50,000. 97.25% of the stock is currently owned by institutional investors.

PVH Price Performance

PVH stock opened at $63.96 on Friday. The firm has a market cap of $3.56 billion, a PE ratio of 5.21, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The stock’s fifty day moving average price is $85.40 and its two-hundred day moving average price is $95.63. PVH Corp. has a one year low of $63.79 and a one year high of $141.15.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend is Wednesday, March 5th. PVH’s payout ratio is presently 1.22%.

Insider Transactions at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the business’s 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 transaction, the executive vice president now directly owns 23,103 shares in the company, valued at $2,437,366.50. The trade was a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on PVH. Jefferies Financial Group cut their target price 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. Barclays reduced their target price on PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley decreased their target price on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. The Goldman Sachs Group cut their price target on PVH from $128.00 to $109.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $130.00 price objective on shares of PVH in a research report on Wednesday, December 4th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, PVH presently has a consensus rating of “Moderate Buy” and an average target price of $118.07.

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.