PVH Corp. (NYSE:PVH) Stock Position Increased by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its position in PVH Corp. (NYSE:PVH) by 76.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,341 shares of the textile maker’s stock after buying an additional 1,883 shares during the quarter. Vontobel Holding Ltd.’s holdings in PVH were worth $459,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Pzena Investment Management LLC raised its stake in shares of PVH by 0.6% in the 3rd quarter. Pzena Investment Management LLC now owns 5,656,006 shares of the textile maker’s stock worth $570,295,000 after buying an additional 32,300 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of PVH by 9.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker’s stock worth $255,011,000 after buying an additional 208,648 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of PVH by 2.2% during the fourth quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker’s stock worth $184,263,000 after purchasing an additional 36,719 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of 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 purchasing an additional 759,656 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of PVH by 14.4% during the third quarter. Victory Capital Management Inc. now owns 712,403 shares of the textile maker’s stock worth $71,832,000 after purchasing an additional 89,790 shares during the period. Institutional investors own 97.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PVH. Telsey Advisory Group reaffirmed an “outperform” rating and set a $130.00 target price on shares of PVH in a research report on Wednesday, December 4th. Barclays cut 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. StockNews.com lowered PVH from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. lowered PVH from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $149.00 to $113.00 in a research report on Friday, January 24th. Finally, Guggenheim boosted their target price on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, PVH presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.07.

PVH Stock Performance

Shares of NYSE PVH opened at $78.70 on Friday. The company has a market capitalization of $4.38 billion, a P/E ratio of 6.41, a price-to-earnings-growth ratio of 0.78 and a beta of 2.06. The business’s 50-day moving average price is $95.00 and its two-hundred day moving average price is $98.08. PVH Corp. has a one year low of $76.34 and a one year high of $141.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69.

PVH (NYSE:PVH) last released its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.44. PVH had a return on equity of 13.66% and a net margin of 8.13%. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the company posted $2.90 EPS. The firm’s revenue was down 4.6% on a year-over-year basis. Analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.15 annualized dividend and a yield of 0.19%. PVH’s dividend payout ratio (DPR) is 1.22%.

Insider Buying and Selling at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of the 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 completion of 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

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.