Vestcor Inc Buys 2,626 Shares of PVH Corp. (NYSE:PVH)

Vestcor Inc lifted its stake in PVH Corp. (NYSE:PVH) by 134.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,574 shares of the textile maker’s stock after purchasing an additional 2,626 shares during the period. Vestcor Inc’s holdings in PVH were worth $484,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in PVH. Allspring Global Investments Holdings LLC boosted its position 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 last quarter. Pacer Advisors Inc. boosted 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 worth $171,987,000 after purchasing an additional 483,510 shares during the last quarter. Channing Capital Management LLC boosted its position in shares of PVH by 87.0% in the 4th quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker’s stock worth $72,015,000 after purchasing an additional 316,876 shares during the last quarter. Swedbank AB boosted its position in shares of PVH by 153.2% in 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 last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position 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 purchasing an additional 208,648 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PVH. Wells Fargo & Company lowered PVH from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $130.00 to $105.00 in a report on Monday, February 3rd. Jefferies Financial Group reduced their target price on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. Barclays reduced their target price on PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Morgan Stanley reduced 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. Finally, Guggenheim lifted their target price on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $118.07.

PVH Stock Performance

PVH opened at $63.88 on Monday. 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 business’s 50-day moving average price is $83.75 and its two-hundred day moving average price is $95.05. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 5.20, a P/E/G ratio of 0.77 and a beta of 2.10. PVH Corp. has a 1 year low of $62.94 and a 1 year high of $141.15.

PVH Dividend Announcement

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

Insider Activity 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 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 owns 23,103 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.

About PVH

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.