PVH Corp. (NYSE:PVH) Shares Bought by Signaturefd LLC

Signaturefd LLC boosted its holdings in shares of PVH Corp. (NYSE:PVH) by 11.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,569 shares of the textile maker’s stock after buying an additional 156 shares during the quarter. Signaturefd LLC’s holdings in PVH were worth $166,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vestcor Inc increased its stake in PVH by 134.8% during the fourth quarter. Vestcor Inc now owns 4,574 shares of the textile maker’s stock worth $484,000 after acquiring an additional 2,626 shares during the last quarter. Swiss National Bank grew its stake in shares of PVH by 0.6% in the fourth quarter. Swiss National Bank now owns 109,800 shares of the textile maker’s stock valued at $11,611,000 after buying an additional 700 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of PVH by 65.7% in the fourth quarter. HighTower Advisors LLC now owns 9,145 shares of the textile maker’s stock valued at $967,000 after buying an additional 3,625 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new stake in shares of PVH in the fourth quarter valued at $466,000. Finally, Channing Capital Management LLC grew its stake in shares of PVH by 87.0% in the fourth quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker’s stock valued at $72,015,000 after buying an additional 316,876 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by company insiders.

PVH Stock Up 0.3 %

Shares of NYSE PVH opened at $65.00 on Friday. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 5.29, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10. 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 has a 50-day moving average of $79.85 and a two-hundred day moving average of $93.92. PVH Corp. has a 1 year low of $62.94 and a 1 year high of $141.15.

PVH Dividend Announcement

The firm 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 dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date is Wednesday, March 5th. PVH’s dividend payout ratio (DPR) is 1.22%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group dropped their price objective on PVH from $128.00 to $109.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. UBS Group dropped their price objective on PVH from $172.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lowered PVH from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $149.00 to $113.00 in a report on Friday, January 24th. Jefferies Financial Group decreased their target price on PVH from $104.00 to $101.00 and set a “hold” rating for the company in a report on Tuesday, January 28th. Finally, Wells Fargo & Company lowered PVH from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $130.00 to $105.00 in a report on Monday, February 3rd. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, PVH currently has a consensus rating of “Moderate Buy” and an average price target of $118.13.

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.