PVH (PVH) Holdings Boosted by Raymond James & Associates

Raymond James & Associates boosted its holdings in PVH (NYSE:PVH) by 3.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 87,685 shares of the textile maker’s stock after acquiring an additional 2,925 shares during the period. Raymond James & Associates’ holdings in PVH were worth $12,031,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the business. Sei Investments Co. grew its stake in shares of PVH by 20.0% during the 3rd quarter. Sei Investments Co. now owns 16,901 shares of the textile maker’s stock valued at $2,130,000 after purchasing an additional 2,821 shares during the period. New York State Common Retirement Fund grew its stake in shares of PVH by 0.3% during the 3rd quarter. New York State Common Retirement Fund now owns 223,357 shares of the textile maker’s stock valued at $28,156,000 after purchasing an additional 680 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of PVH during the 3rd quarter valued at about $608,000. Comerica Bank grew its stake in shares of PVH by 8.1% during the 3rd quarter. Comerica Bank now owns 21,971 shares of the textile maker’s stock valued at $2,798,000 after purchasing an additional 1,651 shares during the period. Finally, Commonwealth Equity Services Inc grew its stake in shares of PVH by 13.3% during the 3rd quarter. Commonwealth Equity Services Inc now owns 6,806 shares of the textile maker’s stock valued at $858,000 after purchasing an additional 799 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

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In other PVH news, CEO Steven B. Shiffman sold 3,100 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $136.38, for a total value of $422,778.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark D. Fischer sold 2,300 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $138.50, for a total value of $318,550.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,091 shares of company stock valued at $2,382,742. 1.30% of the stock is currently owned by corporate insiders.

PVH stock opened at $139.86 on Friday. The stock has a market capitalization of $10,881.66, a P/E ratio of 18.64, a P/E/G ratio of 1.22 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 has a 52 week low of $96.85 and a 52 week high of $157.96.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.038 per share. The ex-dividend date is Tuesday, February 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. PVH’s dividend payout ratio (DPR) is presently 2.23%.

A number of equities research analysts have issued reports on the company. Piper Jaffray Companies boosted their price target on PVH to $173.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. ValuEngine upgraded PVH from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Barclays boosted their price target on PVH from $156.00 to $166.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Zacks Investment Research downgraded PVH from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. Finally, Instinet assumed coverage on PVH in a research note on Thursday, February 15th. They set a “neutral” rating and a $150.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. PVH currently has an average rating of “Buy” and a consensus target price of $151.84.

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PVH Company Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail segments. It designs, markets, and retails men's and women's apparel and accessories, branded dress shirts, neckwear, sportswear, jeans wear, intimate apparel, swim products, handbags, footwear, golf apparel, fragrances, cosmetics, eyewear, socks, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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