PVH Corp. (NYSE:PVH) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its position in shares of PVH Corp. (NYSE:PVH) by 4.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,152 shares of the textile maker’s stock after selling 2,899 shares during the period. Corebridge Financial Inc. owned about 0.11% of PVH worth $6,678,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. grew its stake in shares of PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after purchasing an additional 124 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of PVH by 36.0% during the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after acquiring an additional 129 shares in the last quarter. Allworth Financial LP purchased a new position in shares of PVH in the 4th quarter valued at about $50,000. Smartleaf Asset Management LLC raised its position in shares of PVH by 96.5% during the 4th 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. raised its position in shares of PVH by 11.8% during the 4th quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock worth $153,000 after acquiring an additional 153 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

PVH Trading Down 3.0 %

NYSE PVH opened at $64.59 on Friday. PVH Corp. has a 52-week low of $62.94 and a 52-week high of $141.15. The firm has a 50-day moving average price of $76.92 and a 200 day moving average price of $92.92. The stock has a market capitalization of $3.59 billion, a P/E ratio of 5.26, a P/E/G ratio of 0.77 and a beta of 2.10. 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH’s dividend payout ratio is presently 1.22%.

Insiders Place Their Bets

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 23,103 shares in the company, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on PVH shares. JPMorgan Chase & Co. lowered shares of PVH from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $149.00 to $113.00 in a research note on Friday, January 24th. Telsey Advisory Group lowered their target price on shares of PVH from $130.00 to $90.00 and set an “outperform” rating for the company in a report on Tuesday. Morgan Stanley cut their price target on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Barclays decreased 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. Finally, UBS Group cut their target price on PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PVH currently has a consensus rating of “Moderate Buy” and an average target price of $112.27.

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.