PVH Corp. (NYSE:PVH) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its position in shares of PVH Corp. (NYSE:PVH) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 16,000 shares of the textile maker’s stock after selling 500 shares during the quarter. Handelsbanken Fonder AB’s holdings in PVH were worth $1,692,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PVH. Ieq Capital LLC purchased a new stake in PVH in the 4th quarter valued at about $3,059,000. New York State Common Retirement Fund raised its stake in shares of PVH by 61.5% during the fourth quarter. New York State Common Retirement Fund now owns 177,417 shares of the textile maker’s stock valued at $18,762,000 after purchasing an additional 67,539 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in PVH during the 4th quarter worth $306,000. Peregrine Capital Management LLC lifted its stake in shares of PVH by 27.3% in the fourth quarter. Peregrine Capital Management LLC now owns 49,725 shares of the textile maker’s stock worth $5,258,000 after acquiring an additional 10,659 shares in the last quarter. Finally, Truist Financial Corp boosted its holdings in PVH by 70.8% in the fourth quarter. Truist Financial Corp now owns 6,498 shares of the textile maker’s stock valued at $687,000 after purchasing an additional 2,693 shares during the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on PVH shares. JPMorgan Chase & Co. downgraded PVH from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $149.00 to $113.00 in a research note on Friday, January 24th. Barclays decreased their price objective on shares of PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Morgan Stanley decreased their price target on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Jefferies Financial Group cut their price target on shares of PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. Finally, Wells Fargo & Company downgraded PVH from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $130.00 to $105.00 in a research note on Monday, February 3rd. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $119.07.

PVH Stock Down 2.1 %

NYSE:PVH opened at $76.86 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average price of $93.11 and a two-hundred day moving average price of $97.77. PVH Corp. has a 1 year low of $76.34 and a 1 year high of $141.15. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 6.26, a PEG ratio of 0.77 and a beta of 2.06.

PVH (NYSE:PVH) last released its earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, beating the consensus estimate of $2.59 by $0.44. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the business posted $2.90 EPS. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. As a group, equities analysts expect that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Wednesday, March 5th. PVH’s payout ratio is presently 1.22%.

Insider Buying and Selling at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction on Monday, December 30th. The stock was sold at an average price of $105.50, for a total transaction 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. This trade represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

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.