SG Americas Securities LLC Buys 67,645 Shares of PVH Corp. (NYSE:PVH)

SG Americas Securities LLC raised its stake in PVH Corp. (NYSE:PVH) by 2,194.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,727 shares of the textile maker’s stock after buying an additional 67,645 shares during the period. SG Americas Securities LLC’s holdings in PVH were worth $7,479,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in PVH. Venturi Wealth Management LLC grew its position in PVH by 63.9% in the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after acquiring an additional 106 shares in the last quarter. UMB Bank n.a. lifted its stake in PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after purchasing an additional 124 shares during the last quarter. Covestor Ltd boosted its holdings in shares of PVH by 270.6% in the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after purchasing an additional 295 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 228 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of PVH by 36.0% during the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after buying an additional 129 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Analyst Upgrades and Downgrades

PVH has been the subject of several research reports. Guggenheim upped their target price on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Barclays upped their price objective on shares of PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Bank of America cut shares of PVH from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Morgan Stanley cut their price target on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $130.00 price objective on shares of PVH in a report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.67.

Insiders Place Their Bets

In other news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction that occurred 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 owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by company insiders.

PVH Price Performance

Shares of PVH stock opened at $96.26 on Friday. 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 Corp. has a fifty-two week low of $88.60 and a fifty-two week high of $141.15. The firm has a market cap of $5.35 billion, a P/E ratio of 7.84, a P/E/G ratio of 0.98 and a beta of 2.09. The business’s 50 day moving average price is $104.42 and its 200-day moving average price is $100.82.

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 business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the business posted $2.90 earnings per share. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, equities research analysts anticipate that PVH Corp. will post 11.68 earnings per share for the current year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date was Wednesday, November 27th. PVH’s payout ratio is currently 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.