Investment House LLC Lowers Holdings in PVH Corp. (NYSE:PVH)

Investment House LLC trimmed its position in PVH Corp. (NYSE:PVH) by 54.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,950 shares of the textile maker’s stock after selling 22,785 shares during the quarter. Investment House LLC’s holdings in PVH were worth $2,004,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. UMB Bank n.a. increased its position in PVH by 78.5% during the 4th 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 in the last quarter. GAMMA Investing LLC increased its position in PVH by 36.0% during the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after buying an additional 129 shares in the last quarter. Assetmark Inc. increased its position in PVH by 11.8% during the 4th quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock valued at $153,000 after buying an additional 153 shares in the last quarter. Signaturefd LLC increased its position in PVH by 11.0% during the 4th quarter. Signaturefd LLC now owns 1,569 shares of the textile maker’s stock valued at $166,000 after buying an additional 156 shares in the last quarter. Finally, Central Pacific Bank Trust Division increased its position in PVH by 15.9% during the 4th quarter. Central Pacific Bank Trust Division now owns 1,750 shares of the textile maker’s stock valued at $185,000 after buying an additional 240 shares in the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Stock Down 0.9 %

Shares of 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. PVH Corp. has a twelve month low of $62.94 and a twelve month high of $141.15. The stock has a 50 day moving average of $82.09 and a 200 day moving average of $94.59. The stock has a market cap of $3.60 billion, a P/E ratio of 5.28, a P/E/G ratio of 0.77 and a beta of 2.10.

PVH Announces Dividend

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

Insider Buying and Selling at PVH

In other PVH 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 value of $336,123.00. Following the sale, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. This trade represents 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 accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PVH has been the topic of several recent analyst reports. Barclays reduced their target price on PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Morgan Stanley reduced their price objective on PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Guggenheim raised their price objective on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Jefferies Financial Group reduced their price objective on PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company cut PVH from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $130.00 to $105.00 in a research note on Monday, February 3rd. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.