Crossmark Global Holdings Inc. Has $4.27 Million Stake in PVH Corp. (NYSE:PVH)

Crossmark Global Holdings Inc. cut its stake in shares of PVH Corp. (NYSE:PVH) by 4.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 40,339 shares of the textile maker’s stock after selling 2,061 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in PVH were worth $4,266,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PVH. Venturi Wealth Management LLC raised its position in shares of PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after acquiring an additional 106 shares during the last quarter. UMB Bank n.a. lifted its position in shares of PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after purchasing an additional 124 shares during the period. Covestor Ltd boosted its stake in shares of PVH by 270.6% in the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 295 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of PVH by 116.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after buying an additional 228 shares during the period. Finally, GAMMA Investing LLC raised its stake in PVH by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after buying an additional 129 shares during the last quarter. Institutional investors own 97.25% of the company’s stock.

PVH Stock Performance

Shares of PVH opened at $96.23 on Thursday. PVH Corp. has a 52 week low of $88.60 and a 52 week high of $141.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The stock has a 50 day moving average price of $104.57 and a two-hundred day moving average price of $100.85. The firm has a market capitalization of $5.35 billion, a P/E ratio of 7.84, a P/E/G ratio of 0.94 and a beta of 2.09.

PVH (NYSE:PVH) last released its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. The business had revenue of $2.26 billion during 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%. PVH’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.90 EPS. Equities analysts forecast that PVH Corp. will post 11.68 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.0375 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. PVH’s dividend payout ratio is currently 1.22%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Guggenheim increased their price target on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Bank of America cut PVH from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $130.00 to $107.00 in a research note on Wednesday, October 2nd. Morgan Stanley dropped their price target on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Barclays raised their price objective on shares of PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $130.00 target price on shares of PVH in a research report on Wednesday, December 4th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $127.67.

Insider Transactions at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the transaction, the executive vice president now 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

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.