Pacer Advisors Inc. Increases Stake in PVH Corp. (NYSE:PVH)

Pacer Advisors Inc. raised its holdings in PVH Corp. (NYSE:PVH) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,742,436 shares of the textile maker’s stock after buying an additional 36,719 shares during the period. Pacer Advisors Inc. owned approximately 3.13% of PVH worth $184,263,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PVH. Venturi Wealth Management LLC boosted its holdings in PVH by 63.9% in the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 106 shares during the period. UMB Bank n.a. raised its position in PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 124 shares in the last quarter. Covestor Ltd boosted its stake 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 buying an additional 295 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of PVH by 116.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after buying an additional 228 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of PVH by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after buying an additional 129 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

Insiders Place Their Bets

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the company’s stock in a transaction 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 completion of the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

PVH Stock Performance

Shares of PVH opened at $90.21 on Monday. The company’s 50 day simple moving average is $104.18 and its 200-day simple moving average is $100.62. PVH Corp. has a 12-month low of $88.60 and a 12-month high of $141.15. The firm has a market cap of $5.02 billion, a PE ratio of 7.35, a price-to-earnings-growth ratio of 0.98 and a beta of 2.09. 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 (NYSE:PVH) last issued its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the firm posted $2.90 EPS. PVH’s revenue for the quarter was down 4.6% on a year-over-year basis. As a group, equities analysts predict that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend was Wednesday, November 27th. PVH’s dividend payout ratio is presently 1.22%.

Analyst Ratings Changes

Several brokerages recently weighed in on PVH. Barclays lifted their price target on shares of PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Morgan Stanley decreased their price objective on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Bank of America cut PVH from a “buy” rating to a “neutral” rating and cut their price target for the company from $130.00 to $107.00 in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. downgraded PVH from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $149.00 to $113.00 in a report on Friday. Finally, Guggenheim raised their target price on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.73.

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.