Vestcor Inc Has $484,000 Stock Position in PVH Corp. (NYSE:PVH)

Vestcor Inc raised its holdings in PVH Corp. (NYSE:PVH) by 134.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,574 shares of the textile maker’s stock after buying an additional 2,626 shares during the quarter. Vestcor Inc’s holdings in PVH were worth $484,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PVH. Venturi Wealth Management LLC grew its holdings in PVH by 63.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after buying an additional 106 shares during the last quarter. UMB Bank n.a. lifted its position in shares of PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after acquiring an additional 124 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of PVH in the 4th quarter worth approximately $41,000. Allworth Financial LP bought a new stake in shares of PVH in the 4th quarter worth approximately $50,000. Finally, GAMMA Investing LLC lifted its position in shares of PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after acquiring an additional 129 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.

Wall Street Analyst Weigh In

PVH has been the subject of a number of research reports. JPMorgan Chase & Co. downgraded PVH from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $149.00 to $113.00 in a research report on Friday, January 24th. StockNews.com downgraded PVH from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Guggenheim raised their price objective on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Jefferies Financial Group dropped their target price on PVH from $104.00 to $101.00 and set a “hold” rating for the company in a report on Tuesday, January 28th. Finally, Morgan Stanley dropped their target price on PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $118.07.

Insider Activity at PVH

In other 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 sale, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. This trade represents a 12.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

PVH Trading Down 0.2 %

PVH stock opened at $63.88 on Monday. The business has a fifty day moving average price of $83.75 and a 200 day moving average price of $95.05. PVH Corp. has a fifty-two week low of $62.94 and a fifty-two week high of $141.15. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 5.20, a P/E/G ratio of 0.77 and a beta of 2.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69.

PVH Announces Dividend

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

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.