PVH Corp. (NYSE:PVH) Stake Lowered by AlphaQuest LLC

AlphaQuest LLC decreased its stake in PVH Corp. (NYSE:PVH) by 66.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,284 shares of the textile maker’s stock after selling 8,524 shares during the period. AlphaQuest LLC’s holdings in PVH were worth $453,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Venturi Wealth Management LLC raised its holdings 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 valued at $27,000 after buying an additional 106 shares during the last quarter. UMB Bank n.a. boosted its position in PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after acquiring an additional 124 shares during the period. GAMMA Investing LLC grew its stake in shares of PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after purchasing an additional 129 shares in the last quarter. Assetmark Inc. lifted its stake in shares of PVH by 11.8% in the 4th quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock worth $153,000 after acquiring an additional 153 shares during the period. Finally, Central Pacific Bank Trust Division raised its holdings in PVH by 15.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 1,750 shares of the textile maker’s stock worth $185,000 after purchasing an additional 240 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

Insider Buying and Selling at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction on Monday, December 30th. The shares were 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 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. Corporate insiders own 1.00% of the company’s stock.

PVH Stock Performance

Shares of NYSE PVH opened at $63.96 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. PVH Corp. has a one year low of $63.79 and a one year high of $141.15. The business’s 50-day moving average price is $85.40 and its two-hundred day moving average price is $95.63. The company has a market capitalization of $3.56 billion, a P/E ratio of 5.21, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Wednesday, March 5th. PVH’s payout ratio is presently 1.22%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Wells Fargo & Company lowered PVH from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $130.00 to $105.00 in a report on Monday, February 3rd. Morgan Stanley cut their target price on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Jefferies Financial Group reduced their target price on shares of PVH from $104.00 to $101.00 and set a “hold” rating for the company in a report on Tuesday, January 28th. Barclays dropped their price target on PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group reduced 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. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, PVH currently has an average rating of “Moderate Buy” and a consensus price target of $118.07.

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.