Raymond James Financial Inc. Purchases Shares of 46,551 PVH Corp. (NYSE:PVH)

Raymond James Financial Inc. acquired a new position in shares of PVH Corp. (NYSE:PVH) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 46,551 shares of the textile maker’s stock, valued at approximately $4,923,000.

Other hedge funds have also modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in PVH by 2.2% in the fourth quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker’s stock valued at $184,263,000 after acquiring an additional 36,719 shares during the last quarter. Bank of New York Mellon Corp increased its stake in PVH by 22.9% during 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 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 worth $79,705,000 after purchasing an additional 759,656 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of PVH by 0.7% in the 4th 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 in the last quarter. Finally, Swedbank AB grew its holdings in shares of PVH by 153.2% during the 4th quarter. Swedbank AB now owns 440,483 shares of the textile maker’s stock worth $46,581,000 after purchasing an additional 266,509 shares during the period. 97.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PVH. Morgan Stanley reduced their target price on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Telsey Advisory Group reduced their price objective on PVH from $130.00 to $90.00 and set an “outperform” rating on the stock in a research note on Tuesday. StockNews.com lowered PVH from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Jefferies Financial Group reduced their price target on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. Finally, Barclays decreased their price target on PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Eight research 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 an average rating of “Moderate Buy” and an average target price of $112.27.

PVH Trading Down 3.7 %

Shares of PVH stock opened at $66.72 on Wednesday. The business has a fifty day simple moving average of $78.64 and a 200-day simple moving average of $93.51. PVH Corp. has a fifty-two week low of $62.94 and a fifty-two week high of $141.15. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 5.43, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. The ex-dividend date is Wednesday, March 5th. PVH’s dividend payout ratio is 1.22%.

Insider Activity at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of the company’s stock in a transaction 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 directly owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

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.