PVH Corp. (NYSE:PVH) Shares Purchased by UMB Bank n.a.

UMB Bank n.a. raised its position in PVH Corp. (NYSE:PVH) by 78.5% during the 4th quarter, Holdings Channel reports. The firm owned 282 shares of the textile maker’s stock after acquiring an additional 124 shares during the quarter. UMB Bank n.a.’s holdings in PVH were worth $30,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PVH. Franklin Resources Inc. grew its holdings in shares of PVH by 5.9% during the third quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker’s stock worth $26,942,000 after buying an additional 15,483 shares in the last quarter. 180 Wealth Advisors LLC purchased a new stake in PVH during the fourth quarter worth approximately $565,000. Erste Asset Management GmbH purchased a new position in PVH in the third quarter valued at about $1,997,000. Quest Partners LLC acquired a new position in PVH during the 3rd quarter worth approximately $1,291,000. Finally, Edgestream Partners L.P. purchased a new position in shares of PVH in the third quarter valued at $2,991,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Barclays raised their price objective on shares of PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Bank of America downgraded shares of PVH from a “buy” rating to a “neutral” rating and cut their price objective for the company from $130.00 to $107.00 in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered PVH from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $149.00 to $113.00 in a report on Friday. Telsey Advisory Group restated an “outperform” rating and issued a $130.00 target price on shares of PVH in a research report on Wednesday, December 4th. Finally, Morgan Stanley cut their price objective on PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, PVH has an average rating of “Moderate Buy” and a consensus target price of $124.73.

PVH Stock Performance

Shares of PVH stock opened at $90.21 on Monday. The firm has a market cap of $5.02 billion, a P/E ratio of 7.35, a PEG ratio of 0.98 and a beta of 2.09. The stock’s 50-day moving average is $104.18 and its two-hundred day moving average is $100.62. PVH Corp. has a fifty-two week low of $88.60 and a fifty-two week 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 (NYSE:PVH) last posted its earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, topping the consensus estimate of $2.59 by $0.44. The firm had revenue of $2.26 billion for 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%. The business’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.90 earnings per share. Analysts predict that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were given a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend was Wednesday, November 27th. PVH’s dividend payout ratio is currently 1.22%.

Insiders Place Their Bets

In related news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was 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 in the company, 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 legal filing with the SEC, which is available at this link. Company insiders own 1.00% of the company’s stock.

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.