SG Americas Securities LLC Has $7.48 Million Stake in PVH Corp. (NYSE:PVH)

SG Americas Securities LLC raised its stake in PVH Corp. (NYSE:PVH) by 2,194.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,727 shares of the textile maker’s stock after purchasing an additional 67,645 shares during the quarter. SG Americas Securities LLC owned 0.13% of PVH worth $7,479,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Venturi Wealth Management LLC raised its position in PVH by 63.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after buying an additional 106 shares during the last quarter. UMB Bank n.a. raised its holdings 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 valued at $30,000 after purchasing an additional 124 shares during the last quarter. Covestor Ltd lifted its position in shares of PVH by 270.6% during the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 295 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in PVH by 116.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after purchasing an additional 228 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in 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 purchasing an additional 129 shares in the last quarter. Institutional investors own 97.25% of the company’s stock.

Insider Buying and Selling at PVH

In related news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the sale, the executive vice president now 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

PVH Price Performance

PVH stock opened at $96.26 on Friday. The firm has a market capitalization of $5.35 billion, a P/E ratio of 7.84, a PEG ratio of 0.98 and a beta of 2.09. PVH Corp. has a one year low of $88.60 and a one year 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. The business has a fifty day moving average price of $104.42 and a 200-day moving average price of $100.82.

PVH (NYSE:PVH) last issued 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. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the company earned $2.90 EPS. The firm’s revenue was down 4.6% compared to the same quarter last year. As a group, equities research analysts forecast that PVH Corp. will post 11.68 EPS for the current year.

PVH Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.16%. The ex-dividend date was Wednesday, November 27th. PVH’s dividend payout ratio is presently 1.22%.

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.