Magnetar Financial LLC Decreases Holdings in PVH Corp. (NYSE:PVH)

Magnetar Financial LLC decreased its position in shares of PVH Corp. (NYSE:PVH) by 43.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,226 shares of the textile maker’s stock after selling 7,161 shares during the period. Magnetar Financial LLC’s holdings in PVH were worth $976,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in PVH by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker’s stock valued at $66,375,000 after acquiring an additional 4,645 shares during the last quarter. Clark Estates Inc. NY acquired a new position in PVH during the 4th quarter valued at approximately $2,855,000. Bank of New York Mellon Corp increased its stake in PVH by 22.9% during the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock valued at $81,852,000 after purchasing an additional 144,260 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock valued at $79,705,000 after purchasing an additional 759,656 shares in the last quarter. Finally, QRG Capital Management Inc. increased its stake in PVH by 102.5% during the 4th quarter. QRG Capital Management Inc. now owns 7,942 shares of the textile maker’s stock valued at $840,000 after purchasing an additional 4,020 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Stock Performance

Shares of NYSE PVH opened at $65.00 on Friday. The company’s fifty day moving average price is $79.85 and its 200 day moving average price is $93.94. PVH Corp. has a 1 year low of $62.94 and a 1 year high of $141.15. The company has a market capitalization of $3.62 billion, a PE ratio of 5.29, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.23%. The ex-dividend date is Wednesday, March 5th. PVH’s payout ratio is 1.22%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PVH shares. UBS Group cut their price target on shares of PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday. Telsey Advisory Group restated an “outperform” rating and set a $130.00 price target on shares of PVH in a research note on Wednesday, December 4th. Guggenheim upped their price target on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 6th. StockNews.com lowered shares of PVH from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group cut their price objective on shares of PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $118.13.

Insider Buying and Selling at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the 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 transaction, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

PVH Company 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.