Signaturefd LLC Raises Stock Holdings in PVH Corp. (NYSE:PVH)

Signaturefd LLC increased its stake in shares of PVH Corp. (NYSE:PVH) by 11.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,569 shares of the textile maker’s stock after purchasing an additional 156 shares during the quarter. Signaturefd LLC’s holdings in PVH were worth $166,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its position in PVH by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker’s stock valued at $66,375,000 after buying an additional 4,645 shares in the last quarter. Clark Estates Inc. NY acquired a new position in shares of PVH in the fourth quarter valued at about $2,855,000. Bank of New York Mellon Corp increased its holdings in shares of PVH by 22.9% in the fourth 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 during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of PVH by 179,164.2% in the fourth 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 during the period. Finally, QRG Capital Management Inc. increased its holdings in shares of PVH by 102.5% in the fourth 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 during the period. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at PVH

In related 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 sale, the executive vice president now 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

PVH Stock Performance

NYSE PVH opened at $65.00 on Friday. The company has a market cap 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 stock’s 50 day simple moving average is $79.85 and its 200-day simple moving average is $93.92. 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.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a $0.0375 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.23%. PVH’s dividend payout ratio (DPR) is presently 1.22%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PVH shares. The Goldman Sachs Group cut their price objective on PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Barclays dropped their target price on PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $130.00 target price on shares of PVH in a report on Wednesday, December 4th. UBS Group dropped their target price on PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Guggenheim raised their target price on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, PVH currently has an average rating of “Moderate Buy” and an average target price of $118.13.

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.