US Bancorp DE Purchases 359 Shares of PVH Corp. (NYSE:PVH)

US Bancorp DE lifted its position in shares of PVH Corp. (NYSE:PVH) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,462 shares of the textile maker’s stock after purchasing an additional 359 shares during the period. US Bancorp DE’s holdings in PVH were worth $1,318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PVH. Venturi Wealth Management LLC grew its holdings in shares of PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after purchasing an additional 106 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after purchasing an additional 124 shares during the last quarter. Covestor Ltd boosted its holdings in PVH by 270.6% in the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 295 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in PVH in the fourth quarter valued at approximately $41,000. Finally, Allworth Financial LP bought a new stake in PVH in the fourth quarter valued at approximately $50,000. 97.25% of the stock is currently owned by institutional investors.

Insider Transactions at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of the company’s 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 in the company, 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 filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Jefferies Financial Group reduced their target price on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. Guggenheim upped their target price on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 6th. Morgan Stanley reduced their target price on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $130.00 target price on shares of PVH in a report on Wednesday, December 4th. Finally, Wells Fargo & Company cut PVH from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $130.00 to $105.00 in a report on Monday, February 3rd. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $118.07.

PVH Price Performance

Shares of NYSE:PVH opened at $72.75 on Friday. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. PVH Corp. has a twelve month low of $68.80 and a twelve month high of $141.15. The stock’s 50 day moving average is $87.66 and its 200-day moving average is $96.37. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 5.92, a PEG ratio of 0.77 and a beta of 2.10.

PVH (NYSE:PVH) last issued its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the firm earned $2.90 earnings per share. PVH’s revenue for the quarter was down 4.6% on a year-over-year basis. Sell-side analysts forecast that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend is Wednesday, March 5th. 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.