Smartleaf Asset Management LLC Boosts Stock Position in PVH Corp. (NYSE:PVH)

Smartleaf Asset Management LLC increased its holdings in shares of PVH Corp. (NYSE:PVH) by 96.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 617 shares of the textile maker’s stock after buying an additional 303 shares during the period. Smartleaf Asset Management LLC’s holdings in PVH were worth $65,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in PVH. Allspring Global Investments Holdings LLC lifted its position in shares of PVH by 179,164.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock valued at $79,705,000 after acquiring an additional 759,656 shares in the last quarter. Franklin Resources Inc. raised its stake in PVH by 5.9% in 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. Empowered Funds LLC lifted its holdings in PVH by 947.1% in the 4th quarter. Empowered Funds LLC now owns 79,163 shares of the textile maker’s stock valued at $8,371,000 after purchasing an additional 71,603 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in PVH by 22.9% during the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock worth $81,852,000 after purchasing an additional 144,260 shares during the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of PVH by 102.5% during the fourth quarter. QRG Capital Management Inc. now owns 7,942 shares of the textile maker’s stock worth $840,000 after buying an additional 4,020 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Trading Up 0.5 %

Shares of NYSE PVH opened at $72.75 on Monday. PVH Corp. has a one year low of $68.80 and a one year high of $141.15. The firm has a market capitalization of $4.05 billion, a PE ratio of 5.92, a PEG ratio of 0.77 and a beta of 2.10. 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 business has a 50-day moving average price of $87.66 and a two-hundred day moving average price of $96.33.

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend is Wednesday, March 5th. PVH’s dividend payout ratio is currently 1.22%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PVH shares. The Goldman Sachs Group dropped their price objective on shares of PVH from $128.00 to $109.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Telsey Advisory Group reissued an “outperform” rating and issued a $130.00 price target on shares of PVH in a research note on Wednesday, December 4th. Morgan Stanley reduced 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. StockNews.com cut PVH from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company downgraded 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 research report on Monday, February 3rd. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $118.07.

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 value of $336,123.00. Following the completion of the transaction, the executive vice president now directly 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 document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

About PVH

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.