PVH Corp. (NYSE:PVH) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in PVH Corp. (NYSE:PVH) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,755 shares of the textile maker’s stock after selling 3,094 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.13% of PVH worth $7,800,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PVH. UMB Bank n.a. raised its stake in PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 124 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of PVH in the fourth quarter valued at approximately $41,000. Allworth Financial LP purchased a new position in shares of PVH during the fourth quarter valued at approximately $50,000. GAMMA Investing LLC grew its stake in PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after acquiring an additional 129 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in PVH by 96.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker’s stock worth $65,000 after acquiring an additional 303 shares during the period. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

PVH Price Performance

Shares of NYSE PVH opened at $64.59 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 1-year low of $62.94 and a 1-year high of $141.15. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 5.26, a PEG ratio of 0.77 and a beta of 2.10. The business has a 50-day moving average of $76.92 and a 200-day moving average of $92.92.

PVH Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH’s dividend payout ratio is presently 1.22%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group decreased their price objective on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. Morgan Stanley decreased 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, January 21st. UBS Group dropped their price objective on shares of PVH from $172.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Telsey Advisory Group cut their price objective on shares of PVH from $130.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, March 25th. Finally, The Goldman Sachs Group decreased their price target on shares of PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $112.27.

Insider Buying and Selling at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of the company’s 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 transaction, the executive vice president now directly owns 23,103 shares in the company, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.

PVH 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.