Pzena Investment Management LLC Has $566.21 Million Holdings in PVH Corp. (NYSE:PVH)

Pzena Investment Management LLC cut its holdings in PVH Corp. (NYSE:PVH) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,354,266 shares of the textile maker’s stock after selling 301,740 shares during the quarter. PVH makes up 2.0% of Pzena Investment Management LLC’s holdings, making the stock its 22nd biggest holding. Pzena Investment Management LLC owned approximately 9.62% of PVH worth $566,214,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PVH. Janney Montgomery Scott LLC boosted its stake in PVH by 135.7% in the third quarter. Janney Montgomery Scott LLC now owns 13,334 shares of the textile maker’s stock valued at $1,344,000 after buying an additional 7,678 shares in the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of PVH during the third quarter valued at about $1,254,000. CWA Asset Management Group LLC acquired a new stake in shares of PVH during the third quarter valued at about $459,000. Covestor Ltd boosted its stake in shares of PVH by 270.6% during the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 295 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of PVH by 13.3% during the third quarter. Crossmark Global Holdings Inc. now owns 42,400 shares of the textile maker’s stock valued at $4,276,000 after purchasing an additional 4,991 shares in the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PVH has been the topic of a number of recent research reports. Jefferies Financial Group cut their price target on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. 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. JPMorgan Chase & Co. lowered PVH from an “overweight” rating to a “neutral” rating and cut their price target for the company from $149.00 to $113.00 in a research note on Friday, January 24th. The Goldman Sachs Group cut their price target on PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Finally, Morgan Stanley lowered their price objective on PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $118.07.

Insiders Place Their Bets

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 23,103 shares in the company, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

PVH Trading Down 3.6 %

Shares of PVH stock opened at $70.04 on Tuesday. The company has a market cap of $3.90 billion, a P/E ratio of 5.70, a PEG ratio of 0.77 and a beta of 2.10. The stock has a 50 day simple moving average of $86.95 and a two-hundred day simple moving average of $96.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. PVH Corp. has a fifty-two week low of $68.80 and a fifty-two week high of $141.15.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a $0.0375 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.21%. PVH’s payout ratio is currently 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.