denkapparat Operations GmbH Acquires New Shares in PVH Corp. (NYSE:PVH)

denkapparat Operations GmbH acquired a new position in shares of PVH Corp. (NYSE:PVH) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,982 shares of the textile maker’s stock, valued at approximately $210,000.

Several other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. lifted its holdings in shares of PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 124 shares during the last quarter. GAMMA Investing LLC increased its position in PVH by 36.0% during the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after buying an additional 129 shares in the last quarter. Allworth Financial LP purchased a new stake in PVH in the fourth quarter valued at about $50,000. Smartleaf Asset Management LLC boosted its holdings in 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 acquiring an additional 303 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of PVH by 11.8% during the fourth quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock worth $153,000 after acquiring an additional 153 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PVH. Citigroup decreased their price objective on shares of PVH from $123.00 to $72.00 and set a “neutral” rating for the company in a research report on Tuesday. Barclays lowered their price objective on shares of PVH from $144.00 to $98.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Telsey Advisory Group cut their target price on PVH from $130.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. lowered PVH from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $149.00 to $113.00 in a research note on Friday, January 24th. Finally, Jefferies Financial Group dropped their price target on PVH from $104.00 to $101.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, PVH currently has an average rating of “Moderate Buy” and an average price target of $112.27.

Insider Activity

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 value of $336,123.00. Following the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

PVH Trading Down 3.0 %

PVH stock opened at $64.59 on Friday. The firm has a market cap of $3.59 billion, a P/E ratio of 5.26, a PEG ratio of 0.77 and a beta of 2.10. PVH Corp. has a 52-week low of $62.94 and a 52-week high of $141.15. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The company’s 50-day simple moving average is $76.92 and its 200-day simple moving average is $92.92.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH’s payout ratio is 1.22%.

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.