PVH Corp. (NYSE:PVH) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. grew its holdings in PVH Corp. (NYSE:PVH) by 2.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,742,436 shares of the textile maker’s stock after buying an additional 36,719 shares during the quarter. Pacer Advisors Inc.’s holdings in PVH were worth $184,263,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. raised its position in PVH by 5.9% in the third quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker’s stock worth $26,942,000 after acquiring an additional 15,483 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of PVH by 16.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 191,090 shares of the textile maker’s stock valued at $20,208,000 after purchasing an additional 26,390 shares in the last quarter. 180 Wealth Advisors LLC acquired a new stake in shares of PVH in the fourth quarter valued at about $565,000. Erste Asset Management GmbH purchased a new stake in PVH during the third quarter worth about $1,997,000. Finally, Quest Partners LLC acquired a new position in PVH during the third quarter worth about $1,291,000. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Mark D. Fischer sold 3,186 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the transaction, the executive vice president now owns 23,103 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PVH has been the subject of a number of research reports. Guggenheim lifted their price target on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. cut PVH from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $149.00 to $113.00 in a report on Friday. Morgan Stanley decreased their target price on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Telsey Advisory Group restated an “outperform” rating and issued a $130.00 price target on shares of PVH in a research report on Wednesday, December 4th. Finally, Barclays boosted their price objective on shares of PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.73.

PVH Stock Performance

Shares of NYSE PVH opened at $90.21 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The company has a market cap of $5.02 billion, a PE ratio of 7.35, a price-to-earnings-growth ratio of 0.98 and a beta of 2.09. The company has a 50-day simple moving average of $104.18 and a 200-day simple moving average of $100.62. PVH Corp. has a 12 month low of $88.60 and a 12 month high of $141.15.

PVH (NYSE:PVH) last released its earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, topping the consensus estimate of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the company earned $2.90 EPS. PVH’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, equities analysts anticipate 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 was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were given a dividend of $0.0375 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.15 annualized dividend and a yield of 0.17%. PVH’s dividend payout ratio (DPR) is presently 1.22%.

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.