Bank of New York Mellon Corp Acquires 144,260 Shares of PVH Corp. (NYSE:PVH)

Bank of New York Mellon Corp lifted its stake in shares of PVH Corp. (NYSE:PVH) by 22.9% in the 4th quarter, Holdings Channel reports. The fund owned 774,010 shares of the textile maker’s stock after acquiring an additional 144,260 shares during the quarter. Bank of New York Mellon Corp’s holdings in PVH were worth $81,852,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PVH. Venturi Wealth Management LLC increased its holdings in PVH by 63.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after purchasing an additional 106 shares in the last quarter. 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 buying an additional 124 shares during the last quarter. GAMMA Investing LLC lifted its stake in PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after acquiring an additional 129 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after acquiring an additional 228 shares during the last quarter. Finally, Central Pacific Bank Trust Division grew its stake in shares of PVH by 15.9% during the 4th quarter. Central Pacific Bank Trust Division now owns 1,750 shares of the textile maker’s stock worth $185,000 after acquiring an additional 240 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction on Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the transaction, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at $2,437,366.50. The trade was a 12.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

PVH has been the topic of a number of research reports. Barclays cut their price objective on shares of PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Telsey Advisory Group reissued an “outperform” rating and set a $130.00 price target on shares of PVH in a research report on Wednesday, December 4th. Jefferies Financial Group decreased their price objective on PVH from $104.00 to $101.00 and set a “hold” rating for the company in a report on Tuesday, January 28th. StockNews.com lowered PVH from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company downgraded PVH from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $130.00 to $105.00 in a research note on Monday, February 3rd. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, PVH currently has a consensus rating of “Moderate Buy” and an average target price of $119.07.

PVH Price Performance

Shares of PVH opened at $74.73 on Monday. The company’s 50-day moving average is $91.32 and its 200-day moving average is $97.35. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The firm has a market capitalization of $4.16 billion, a PE ratio of 6.09, a PEG ratio of 0.77 and a beta of 2.06. PVH Corp. has a fifty-two week low of $74.32 and a fifty-two week high of $141.15.

PVH (NYSE:PVH) last released its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, beating 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 firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the prior year, the firm earned $2.90 EPS. The business’s revenue was down 4.6% on a year-over-year basis. Equities analysts forecast that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.15 annualized dividend and a yield of 0.20%. PVH’s dividend payout ratio (DPR) is presently 1.22%.

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.