Raymond James Financial Inc. Purchases New Shares in PVH Corp. (NYSE:PVH)

Raymond James Financial Inc. acquired a new position in PVH Corp. (NYSE:PVH) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 46,551 shares of the textile maker’s stock, valued at approximately $4,923,000. Raymond James Financial Inc. owned 0.08% of PVH as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC increased 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 buying an additional 759,656 shares in the last quarter. Swedbank AB increased its holdings in PVH by 153.2% in the 4th quarter. Swedbank AB now owns 440,483 shares of the textile maker’s stock worth $46,581,000 after acquiring an additional 266,509 shares in the last quarter. Bank of New York Mellon Corp raised its position in PVH by 22.9% during the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock worth $81,852,000 after acquiring an additional 144,260 shares during the period. JPMorgan Chase & Co. lifted its holdings in PVH by 82.2% during the third quarter. JPMorgan Chase & Co. now owns 253,666 shares of the textile maker’s stock valued at $25,577,000 after purchasing an additional 114,430 shares in the last quarter. Finally, Bank of Montreal Can grew its position in shares of PVH by 775.4% in the third quarter. Bank of Montreal Can now owns 88,678 shares of the textile maker’s stock valued at $8,906,000 after purchasing an additional 78,548 shares during the period. 97.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the transaction, the executive vice president now owns 23,103 shares of the company’s stock, 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 is available at the SEC website. 1.00% of the stock is owned by insiders.

PVH Stock Performance

Shares of PVH opened at $66.72 on Wednesday. The company has a 50-day moving average of $78.64 and a two-hundred day moving average of $93.51. The stock has a market cap of $3.71 billion, a P/E ratio of 5.43, a PEG ratio of 0.77 and a beta of 2.10. PVH Corp. has a 12-month low of $62.94 and a 12-month high of $141.15. 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. Investors of record on Wednesday, March 5th will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend is Wednesday, March 5th. PVH’s payout ratio is currently 1.22%.

Analyst Ratings Changes

PVH has been the topic of several research reports. StockNews.com downgraded PVH from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Citigroup decreased their price objective on PVH from $123.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday. Jefferies Financial Group reduced their target price on shares of PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. Telsey Advisory Group lowered their price target on shares of PVH from $130.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Barclays cut their price objective on shares of PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, PVH has a consensus rating of “Moderate Buy” and a consensus price target of $112.27.

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.