PVH Corp. (NYSE:PVH) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in PVH Corp. (NYSE:PVH) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 627,655 shares of the textile maker’s stock after purchasing an additional 4,645 shares during the period. Charles Schwab Investment Management Inc. owned about 1.13% of PVH worth $66,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of PVH. Janney Montgomery Scott LLC raised its position in PVH by 135.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 13,334 shares of the textile maker’s stock valued at $1,344,000 after purchasing an additional 7,678 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in PVH in the 3rd quarter valued at about $459,000. Covestor Ltd increased its holdings in shares of PVH by 270.6% in the 3rd 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. Crossmark Global Holdings Inc. increased its holdings in shares of PVH by 13.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 42,400 shares of the textile maker’s stock valued at $4,276,000 after acquiring an additional 4,991 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of PVH by 63.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 106 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Trading Down 3.8 %

Shares of PVH stock opened at $67.43 on Wednesday. The business’s 50 day moving average is $86.18 and its two-hundred day moving average is $95.83. PVH Corp. has a twelve month low of $66.78 and a twelve month high of $141.15. The company has a market capitalization of $3.75 billion, a P/E ratio of 5.49, a price-to-earnings-growth 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.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. PVH’s dividend payout ratio (DPR) is currently 1.22%.

Wall Street Analyst Weigh In

PVH has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price objective on PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Jefferies Financial Group dropped their price objective on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company downgraded PVH from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $130.00 to $105.00 in a report on Monday, February 3rd. The Goldman Sachs Group dropped their price objective on PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Finally, Barclays dropped their price objective on PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.07.

Insider Buying and Selling at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of the firm’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 directly owns 23,103 shares of the company’s stock, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

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.