Caisse DE Depot ET Placement DU Quebec trimmed its holdings in PVH Corp (NYSE:PVH) by 9.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 23,213 shares of the textile maker’s stock after selling 2,400 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in PVH were worth $3,185,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new stake in shares of PVH in the fourth quarter valued at approximately $131,000. Squar Milner Financial Services LLC acquired a new stake in shares of PVH in the fourth quarter valued at approximately $212,000. Conning Inc. acquired a new stake in shares of PVH in the fourth quarter valued at approximately $220,000. Everence Capital Management Inc. acquired a new stake in shares of PVH in the fourth quarter valued at approximately $248,000. Finally, Visionary Asset Management Inc. acquired a new stake in shares of PVH in the third quarter valued at approximately $266,000. Institutional investors own 96.12% of the company’s stock.
PVH Corp (NYSE:PVH) opened at $143.32 on Tuesday. The stock has a market cap of $11,030.00, a price-to-earnings ratio of 21.33, a PEG ratio of 1.23 and a beta of 0.71. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 1.82. PVH Corp has a 1-year low of $89.52 and a 1-year high of $157.96.
In other news, CEO Emanuel Chirico sold 370,327 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $132.56, for a total transaction of $49,090,547.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James Holmes sold 2,552 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $135.85, for a total transaction of $346,689.20. The disclosure for this sale can be found here. Insiders have sold 392,290 shares of company stock valued at $52,131,795 over the last quarter. Company insiders own 1.50% of the company’s stock.
Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of PVH from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Credit Suisse Group assumed coverage on shares of PVH in a research report on Monday. They set an “outperform” rating and a $175.00 price objective for the company. Piper Jaffray Companies set a $148.00 price objective on shares of PVH and gave the company a “buy” rating in a research report on Monday, November 27th. Barclays boosted their price objective on shares of PVH from $156.00 to $166.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Finally, JPMorgan Chase & Co. set a $160.00 price objective on shares of PVH and gave the company a “buy” rating in a research report on Thursday, November 30th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. PVH presently has an average rating of “Buy” and a consensus price target of $151.95.
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PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.
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