denkapparat Operations GmbH Takes Position in PVH Corp. (NYSE:PVH)

denkapparat Operations GmbH purchased a new position in shares of PVH Corp. (NYSE:PVH) during the fourth quarter, Holdings Channel reports. The firm purchased 1,982 shares of the textile maker’s stock, valued at approximately $210,000.

Other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of 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 worth $79,705,000 after purchasing an additional 759,656 shares during the last quarter. Channing Capital Management LLC boosted its stake in PVH by 87.0% during the fourth quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker’s stock worth $72,015,000 after buying an additional 316,876 shares during the last quarter. American Century Companies Inc. grew its holdings in PVH by 203.5% in the 4th quarter. American Century Companies Inc. now owns 454,808 shares of the textile maker’s stock valued at $48,096,000 after buying an additional 304,973 shares in the last quarter. Swedbank AB increased its stake in shares of PVH by 153.2% in the 4th quarter. Swedbank AB now owns 440,483 shares of the textile maker’s stock worth $46,581,000 after acquiring an additional 266,509 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of 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 worth $81,852,000 after acquiring an additional 144,260 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Stock Down 3.0 %

Shares of NYSE:PVH opened at $64.59 on Friday. The firm has a market capitalization of $3.59 billion, a PE ratio of 5.26, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10. PVH Corp. has a 1 year low of $62.94 and a 1 year high of $141.15. 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’s 50-day moving average is $76.92 and its two-hundred day moving average is $92.92.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.23%. The ex-dividend date was Wednesday, March 5th. PVH’s payout ratio is currently 1.22%.

Analysts Set New Price Targets

PVH has been the subject of a number of analyst reports. Guggenheim upped their price objective on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 6th. Barclays cut their price target on shares of PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. The Goldman Sachs Group lowered their price objective on PVH from $128.00 to $109.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Wells Fargo & Company downgraded PVH from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $130.00 to $105.00 in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered PVH from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $149.00 to $113.00 in a research note on Friday, January 24th. Eight equities research 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.27.

Insiders Place Their Bets

In related 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 in the company, valued at approximately $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. 1.00% of the stock is owned by company insiders.

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.