Sound Shore Management Inc. CT Has $93.29 Million Position in PVH Corp. (NYSE:PVH)

Sound Shore Management Inc. CT cut its stake in PVH Corp. (NYSE:PVH) by 10.7% in the fourth quarter, HoldingsChannel reports. The fund owned 882,217 shares of the textile maker’s stock after selling 105,756 shares during the period. PVH accounts for 3.1% of Sound Shore Management Inc. CT’s holdings, making the stock its 6th largest position. Sound Shore Management Inc. CT’s holdings in PVH were worth $93,294,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of PVH. Natixis Advisors LLC raised its stake in shares of PVH by 20.8% in the third quarter. Natixis Advisors LLC now owns 23,828 shares of the textile maker’s stock worth $2,403,000 after acquiring an additional 4,095 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of PVH during the third quarter worth approximately $358,000. Charles Schwab Investment Management Inc. raised its stake in shares of PVH by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 623,010 shares of the textile maker’s stock worth $62,818,000 after buying an additional 3,745 shares during the last quarter. Eagle Asset Management Inc. raised its stake in shares of PVH by 18.7% during the third quarter. Eagle Asset Management Inc. now owns 14,491 shares of the textile maker’s stock worth $1,510,000 after buying an additional 2,286 shares during the last quarter. Finally, Swedbank AB bought a new stake in shares of PVH during the third quarter worth approximately $17,542,000. 97.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PVH. UBS Group dropped their price target on shares of PVH from $172.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Telsey Advisory Group reissued an “outperform” rating and set a $130.00 price target on shares of PVH in a research note on Wednesday, December 4th. Jefferies Financial Group dropped their price target on shares of PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. Guggenheim upped their target price 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. Finally, StockNews.com lowered shares of PVH from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $118.13.

Insider Transactions at PVH

In other 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 completion of the sale, the executive vice president now owns 23,103 shares of the company’s stock, valued at $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by insiders.

PVH Stock Up 0.3 %

Shares of PVH stock opened at $65.00 on Monday. The firm has a fifty day moving average of $79.85 and a 200-day moving average of $93.90. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. PVH Corp. has a 12-month low of $62.94 and a 12-month high of $141.15. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 5.29, a P/E/G ratio of 0.77 and a beta of 2.10.

PVH Dividend Announcement

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