Assenagon Asset Management S.A. Buys Shares of 18,786 PVH Corp. (NYSE:PVH)

Assenagon Asset Management S.A. purchased a new position in shares of PVH Corp. (NYSE:PVH) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 18,786 shares of the textile maker’s stock, valued at approximately $1,987,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC raised its holdings in PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after purchasing an additional 106 shares during the last quarter. Covestor Ltd increased its position in shares of PVH by 270.6% in the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after buying an additional 295 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake 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 worth $43,000 after buying an additional 228 shares during the last quarter. GAMMA Investing LLC boosted 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 buying an additional 129 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of PVH in the 3rd quarter worth about $67,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

Insider Buying and Selling at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at $2,437,366.50. The trade was a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by company insiders.

PVH Stock Down 0.1 %

PVH opened at $96.23 on Thursday. PVH Corp. has a 12 month low of $88.60 and a 12 month high of $141.15. The business has a 50-day moving average of $104.57 and a two-hundred day moving average of $100.85. 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 stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 7.84, a price-to-earnings-growth ratio of 0.94 and a beta of 2.09.

PVH (NYSE:PVH) last released its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. PVH’s revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.90 earnings per share. On average, research analysts expect that PVH Corp. will post 11.68 earnings per share for the current year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were issued 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%.

Analyst Ratings Changes

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

About PVH

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.