PVH Corp. (NYSE:PVH) Shares Sold by Lingohr Asset Management GmbH

Lingohr Asset Management GmbH reduced its holdings in PVH Corp. (NYSE:PVH) by 34.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,545 shares of the textile maker’s stock after selling 2,348 shares during the quarter. Lingohr Asset Management GmbH’s holdings in PVH were worth $480,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. UMB Bank n.a. increased 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 in the last quarter. Proficio Capital Partners LLC purchased a new position in PVH in the 4th quarter valued at approximately $41,000. Allworth Financial LP purchased a new position in PVH in the 4th quarter valued at approximately $50,000. GAMMA Investing LLC increased its stake in PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 129 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased 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 valued at $65,000 after purchasing an additional 303 shares in the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

PVH Trading Up 0.6 %

Shares of PVH opened at $65.19 on Thursday. The stock’s 50-day moving average is $81.32 and its two-hundred day moving average is $94.38. The stock has a market cap of $3.63 billion, a PE ratio of 5.31, a P/E/G ratio of 0.77 and a beta of 2.10. PVH Corp. has a 12 month low of $62.94 and a 12 month high of $141.15. 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 Dividend Announcement

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

Insider Buying and Selling

In related 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 transaction, the executive vice president now 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

PVH has been the subject of several research analyst reports. Guggenheim raised their price objective on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. downgraded PVH from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $149.00 to $113.00 in a research report on Friday, January 24th. Morgan Stanley dropped their price target 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. Jefferies Financial Group dropped their price target on PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. Finally, The Goldman Sachs Group dropped their price target on PVH from $128.00 to $109.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Eight 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, PVH has an average rating of “Moderate Buy” and an average target price of $118.13.

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.