27,000 Shares in PVH Corp. (NYSE:PVH) Bought by Clark Estates Inc. NY

Clark Estates Inc. NY purchased a new stake in PVH Corp. (NYSE:PVH) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 27,000 shares of the textile maker’s stock, valued at approximately $2,855,000.

A number of other hedge funds also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its stake 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 buying an additional 759,656 shares during the period. Pacer Advisors Inc. increased its position in shares of PVH by 39.6% in the 3rd quarter. Pacer Advisors Inc. now owns 1,705,717 shares of the textile maker’s stock valued at $171,987,000 after purchasing an additional 483,510 shares during the last quarter. Swedbank AB raised its holdings in shares of PVH by 153.2% in the 4th quarter. Swedbank AB now owns 440,483 shares of the textile maker’s stock valued at $46,581,000 after purchasing an additional 266,509 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of PVH by 9.0% during 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 purchasing an additional 208,648 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of 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 purchasing an additional 144,260 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.00% of the company’s stock.

PVH Stock Down 1.5 %

Shares of NYSE:PVH opened at $70.15 on Wednesday. PVH Corp. has a fifty-two week low of $68.80 and a fifty-two week high of $141.15. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The firm’s 50-day simple moving average is $89.83 and its 200-day simple moving average is $96.94. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 5.71, a PEG ratio of 0.77 and a beta of 2.06.

PVH (NYSE:PVH) last announced its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.90 EPS. As a group, equities research analysts predict that PVH Corp. will post 11.67 earnings per share for the current year.

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 given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend is Wednesday, March 5th. PVH’s payout ratio is 1.22%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PVH shares. Barclays cut their price target on PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Wells Fargo & Company lowered shares of PVH from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $130.00 to $105.00 in a research note on Monday, February 3rd. Telsey Advisory Group reissued an “outperform” rating and issued a $130.00 price target on shares of PVH in a research report on Wednesday, December 4th. JPMorgan Chase & Co. lowered PVH from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $149.00 to $113.00 in a report on Friday, January 24th. Finally, Morgan Stanley reduced their target price on PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $118.07.

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.