Sei Investments Co. Purchases 50,417 Shares of PVH Corp. (NYSE:PVH)

Sei Investments Co. raised its holdings in shares of PVH Corp. (NYSE:PVH) by 28.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,735 shares of the textile maker’s stock after purchasing an additional 50,417 shares during the quarter. Sei Investments Co.’s holdings in PVH were worth $24,400,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PVH. American Century Companies Inc. grew its holdings in shares of PVH by 203.5% during the fourth quarter. American Century Companies Inc. now owns 454,808 shares of the textile maker’s stock valued at $48,096,000 after buying an additional 304,973 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in PVH by 17.6% during the 4th quarter. Teacher Retirement System of Texas now owns 39,195 shares of the textile maker’s stock valued at $4,145,000 after purchasing an additional 5,870 shares during the last quarter. Xponance Inc. increased its holdings in PVH by 8.5% during the 4th quarter. Xponance Inc. now owns 6,953 shares of the textile maker’s stock worth $735,000 after purchasing an additional 542 shares in the last quarter. Signaturefd LLC raised its stake in shares of PVH by 11.0% in the fourth quarter. Signaturefd LLC now owns 1,569 shares of the textile maker’s stock worth $166,000 after purchasing an additional 156 shares during the last quarter. Finally, Vestcor Inc lifted its holdings in shares of PVH by 134.8% in the fourth quarter. Vestcor Inc now owns 4,574 shares of the textile maker’s stock valued at $484,000 after purchasing an additional 2,626 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Trading Up 0.1 %

Shares of PVH stock opened at $66.88 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The stock has a market capitalization of $3.72 billion, a P/E ratio of 5.45, a P/E/G ratio of 0.77 and a beta of 2.10. PVH Corp. has a 52-week low of $62.94 and a 52-week high of $141.15. The stock’s 50-day simple moving average is $77.99 and its 200 day simple moving average is $93.32.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH’s payout ratio is currently 1.22%.

Insider Buying and Selling

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the 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 sale, the executive vice president now owns 23,103 shares in the company, valued at $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PVH shares. Telsey Advisory Group decreased their price target on PVH from $130.00 to $90.00 and set an “outperform” rating for the company in a report on Tuesday. Guggenheim increased their target price on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 6th. 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. UBS Group decreased 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. Finally, Morgan Stanley cut their target price 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. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $112.27.

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.