Amundi Pioneer Asset Management Inc. increased its stake in PVH Corp (NYSE:PVH) by 17.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 130,948 shares of the textile maker’s stock after buying an additional 19,029 shares during the period. Amundi Pioneer Asset Management Inc. owned 0.17% of PVH worth $12,171,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. bought a new position in PVH in the 4th quarter valued at approximately $28,000. Quantamental Technologies LLC bought a new position in PVH in the 4th quarter valued at approximately $28,000. Csenge Advisory Group bought a new position in PVH in the 3rd quarter valued at approximately $75,000. ETF Managers Group LLC lifted its position in PVH by 18.7% in the 4th quarter. ETF Managers Group LLC now owns 882 shares of the textile maker’s stock valued at $82,000 after acquiring an additional 139 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its position in PVH by 15.2% in the 4th quarter. SRS Capital Advisors Inc. now owns 994 shares of the textile maker’s stock valued at $92,000 after acquiring an additional 131 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.
Shares of PVH stock traded down $0.13 during trading on Friday, reaching $132.20. 1,048,010 shares of the stock traded hands, compared to its average volume of 1,463,106. The firm has a market cap of $9.93 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 1.05 and a beta of 1.08. The company has a quick ratio of 0.80, a current ratio of 1.71 and a debt-to-equity ratio of 0.48. PVH Corp has a 52-week low of $86.46 and a 52-week high of $169.22.
The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 28th were given a $0.0375 dividend. The ex-dividend date was Wednesday, February 27th. This represents a $0.15 annualized dividend and a yield of 0.11%. PVH’s dividend payout ratio is currently 1.56%.
PVH announced that its Board of Directors has initiated a stock buyback program on Wednesday, March 27th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the textile maker to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
PVH has been the topic of several analyst reports. UBS Group raised PVH from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $170.00 to $145.00 in a research report on Monday, January 7th. ValuEngine raised PVH from a “strong sell” rating to a “sell” rating in a report on Friday, March 29th. Zacks Investment Research cut PVH from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Cowen cut PVH from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $142.00 to $119.00 in a report on Tuesday, January 22nd. Finally, Royal Bank of Canada assumed coverage on PVH in a report on Wednesday, January 9th. They issued an “outperform” rating and a $122.00 target price on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. PVH currently has a consensus rating of “Buy” and an average price target of $146.40.
In related news, SVP Dana Perlman sold 1,054 shares of PVH stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $128.92, for a total value of $135,881.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Francis K. Duane sold 6,171 shares of PVH stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $127.27, for a total value of $785,383.17. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
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PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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