Segall Bryant & Hamill LLC Lowers Stake in PVH Corp. (NYSE:PVH)

Segall Bryant & Hamill LLC cut its stake in PVH Corp. (NYSE:PVH) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 187,601 shares of the textile maker’s stock after selling 7,094 shares during the period. Segall Bryant & Hamill LLC owned about 0.34% of PVH worth $19,839,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted 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 buying an additional 759,656 shares during the period. Channing Capital Management LLC lifted its stake in PVH by 87.0% in the fourth quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker’s stock worth $72,015,000 after acquiring an additional 316,876 shares during the period. American Century Companies Inc. grew its holdings in PVH by 203.5% during the 4th quarter. American Century Companies Inc. now owns 454,808 shares of the textile maker’s stock worth $48,096,000 after acquiring an additional 304,973 shares in the last quarter. Swedbank AB increased its position in PVH by 153.2% during 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 during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of PVH by 22.9% in the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock valued at $81,852,000 after purchasing an additional 144,260 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Insider Activity

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 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PVH shares. StockNews.com downgraded shares of PVH from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Guggenheim lifted their price target on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 6th. JPMorgan Chase & Co. cut PVH from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $149.00 to $113.00 in a research note on Friday, January 24th. UBS Group reduced their target price on shares of PVH from $172.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. Finally, Wells Fargo & Company cut shares of PVH from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $130.00 to $105.00 in a report on Monday, February 3rd. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $112.27.

PVH Trading Down 3.7 %

Shares of NYSE:PVH opened at $66.72 on Wednesday. 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 Corp. has a 52-week low of $62.94 and a 52-week high of $141.15. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 5.43, a PEG ratio of 0.77 and a beta of 2.10. The business has a 50-day moving average price of $78.64 and a 200-day moving average price of $93.51.

PVH Dividend Announcement

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 paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.22%. The ex-dividend date is Wednesday, March 5th. PVH’s payout ratio is 1.22%.

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.