PVH Corp. (NYSE:PVH) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in PVH Corp. (NYSE:PVH) by 42.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 13,940 shares of the textile maker’s stock after selling 10,253 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in PVH were worth $1,474,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. boosted its stake in shares of PVH by 78.5% in the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after buying an additional 124 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of PVH by 36.0% in the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after buying an additional 129 shares during the last quarter. Allworth Financial LP purchased a new stake in shares of PVH in the fourth quarter worth about $50,000. Smartleaf Asset Management LLC boosted its stake in shares of PVH by 96.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker’s stock worth $65,000 after buying an additional 303 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of PVH by 11.8% in the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock worth $153,000 after buying an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Stock Down 0.9 %

Shares of NYSE:PVH opened at $64.78 on Wednesday. PVH Corp. has a 52-week low of $62.94 and a 52-week high of $141.15. The stock has a market cap of $3.60 billion, a P/E ratio of 5.28, a PEG ratio of 0.77 and a beta of 2.10. The business has a fifty day moving average of $82.09 and a two-hundred day moving average of $94.59. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31.

PVH Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Guggenheim upped their target price on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Morgan Stanley reduced their price target on PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Jefferies Financial Group reduced their price target on PVH from $104.00 to $101.00 and set a “hold” rating for the company in a report on Tuesday, January 28th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 price target on shares of PVH in a report on Wednesday, December 4th. Finally, StockNews.com cut PVH from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.07.

Insider Buying and Selling

In related news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by company insiders.

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.