UMB Bank n.a. Buys 124 Shares of PVH Corp. (NYSE:PVH)

UMB Bank n.a. lifted its holdings in PVH Corp. (NYSE:PVHFree Report) by 78.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 282 shares of the textile maker’s stock after acquiring an additional 124 shares during the period. UMB Bank n.a.’s holdings in PVH were worth $30,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

PVH Stock Down 6.3 %

PVH stock opened at $90.21 on Monday. The firm has a 50 day moving average price of $104.18 and a 200 day moving average price of $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 market capitalization of $5.02 billion, a PE ratio of 7.35, a price-to-earnings-growth ratio of 0.98 and a beta of 2.09. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

PVH (NYSE:PVHGet Free Report) last released its earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.44. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the business posted $2.90 earnings per share. PVH’s revenue was down 4.6% compared to the same quarter last year. Research analysts expect that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on PVH. Guggenheim lifted 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. Telsey Advisory Group restated an “outperform” rating and issued a $130.00 target price on shares of PVH in a research note on Wednesday, December 4th. Barclays lifted their price target on PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Bank of America lowered shares of PVH from a “buy” rating to a “neutral” rating and dropped their target price for the company from $130.00 to $107.00 in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. cut shares of PVH from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $149.00 to $113.00 in a research note on Friday. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, PVH has an average rating of “Moderate Buy” and a consensus price target of $124.73.

Read Our Latest Stock Report on PVH

About PVH

(Free Report)

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.

See Also

Institutional Ownership by Quarter for PVH (NYSE:PVH)

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