Victory Capital Management Inc. Sells 14,446 Shares of PVH Corp. $PVH

Victory Capital Management Inc. cut its holdings in shares of PVH Corp. (NYSE:PVH) by 5.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 267,635 shares of the textile maker’s stock after selling 14,446 shares during the period. Victory Capital Management Inc. owned 0.56% of PVH worth $22,420,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PVH. Lingohr Asset Management GmbH purchased a new position in shares of PVH in the 3rd quarter valued at $4,311,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of PVH during the 3rd quarter worth $74,338,000. Strengthening Families & Communities LLC purchased a new stake in shares of PVH during the 3rd quarter worth $2,620,000. Federated Hermes Inc. boosted its position in PVH by 9.0% during the second quarter. Federated Hermes Inc. now owns 281,149 shares of the textile maker’s stock valued at $19,287,000 after purchasing an additional 23,203 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its position in PVH by 51.8% during the third quarter. Allianz Asset Management GmbH now owns 311,555 shares of the textile maker’s stock valued at $26,099,000 after purchasing an additional 106,262 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PVH has been the subject of several analyst reports. BTIG Research reissued a “buy” rating and set a $100.00 price target on shares of PVH in a research report on Friday, December 5th. Weiss Ratings reissued a “hold (c)” rating on shares of PVH in a research report on Thursday, January 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $95.00 price target on shares of PVH in a report on Thursday, December 4th. Jefferies Financial Group decreased their price objective on PVH from $85.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. Finally, Guggenheim began coverage on PVH in a research note on Tuesday, December 9th. They set a “neutral” rating on the stock. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $89.73.

PVH Stock Down 0.5%

PVH stock opened at $64.61 on Tuesday. The stock has a market capitalization of $2.96 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 2.16 and a beta of 1.67. PVH Corp. has a 52 week low of $59.28 and a 52 week high of $89.79. The company has a quick ratio of 0.72, a current ratio of 1.47 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $66.20 and a 200 day moving average of $75.32.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, March 4th. PVH’s payout ratio is presently 2.25%.

About PVH

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.