GAMMA Investing LLC Acquires 129 Shares of PVH Corp. (NYSE:PVH)

GAMMA Investing LLC grew its holdings in shares of PVH Corp. (NYSE:PVH) by 36.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 487 shares of the textile maker’s stock after buying an additional 129 shares during the period. GAMMA Investing LLC’s holdings in PVH were worth $52,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in shares of PVH by 82.2% during the third quarter. JPMorgan Chase & Co. now owns 253,666 shares of the textile maker’s stock worth $25,577,000 after purchasing an additional 114,430 shares during the period. Franklin Resources Inc. increased its position in shares of PVH by 5.9% during the 3rd quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker’s stock valued at $26,942,000 after purchasing an additional 15,483 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of PVH during the 3rd quarter valued at $1,916,000. Teachers Retirement System of The State of Kentucky increased its position in shares of PVH by 9.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 38,421 shares of the textile maker’s stock valued at $3,874,000 after purchasing an additional 3,219 shares during the last quarter. Finally, Barclays PLC increased its position in shares of PVH by 71.3% during the 3rd quarter. Barclays PLC now owns 60,495 shares of the textile maker’s stock valued at $6,097,000 after purchasing an additional 25,174 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PVH shares. Bank of America lowered PVH from a “buy” rating to a “neutral” rating and decreased their target price for the company from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Barclays increased their price target on PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Telsey Advisory Group reiterated an “outperform” rating and set a $130.00 price target on shares of PVH in a research note on Wednesday, December 4th. Finally, Guggenheim increased their price target on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, PVH has an average rating of “Moderate Buy” and a consensus target price of $128.00.

Insider Transactions at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the sale, the executive vice president now owns 23,103 shares in the company, valued at $2,437,366.50. The trade was a 12.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by insiders.

PVH Stock Down 2.1 %

PVH stock opened at $97.82 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $5.44 billion, a PE ratio of 7.97, a PEG ratio of 1.10 and a beta of 2.09. PVH Corp. has a twelve month low of $89.56 and a twelve month high of $141.15. The stock has a 50-day simple moving average of $105.60 and a two-hundred day simple moving average of $101.27.

PVH (NYSE:PVH) last issued its quarterly earnings data 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 return on equity of 13.66% and a net margin of 8.13%. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the firm earned $2.90 earnings per share. PVH’s revenue was down 4.6% on a year-over-year basis. On average, equities analysts predict that PVH Corp. will post 11.68 EPS for the current fiscal year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.15%. The ex-dividend date was Wednesday, November 27th. PVH’s payout ratio is 1.22%.

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.