PVH (NYSE:PVH) Reaches New 1-Year High at $140.25

PVH Corp. (NYSE:PVH)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $140.25 and last traded at $140.25, with a volume of 28436 shares trading hands. The stock had previously closed at $139.40.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PVH. Wells Fargo & Company lifted their price target on PVH from $110.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, December 11th. UBS Group raised their target price on shares of PVH from $125.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, December 4th. BMO Capital Markets increased their price objective on PVH from $90.00 to $107.00 and gave the company a “market perform” rating in a report on Friday, December 1st. TheStreet upgraded PVH from a “c+” rating to a “b-” rating in a research note on Friday, December 1st. Finally, TD Cowen boosted their target price on shares of PVH from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $116.27.

PVH Stock Up 0.6 %

The stock has a market cap of $8.36 billion, a PE ratio of 16.47, a P/E/G ratio of 0.75 and a beta of 2.20. The business has a 50 day moving average of $129.62 and a 200-day moving average of $105.19. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 0.31.

PVH Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.11%. The ex-dividend date was Tuesday, March 5th. PVH’s dividend payout ratio is presently 1.77%.

Insider Buying and Selling at PVH

In other PVH news, EVP Mark D. Fischer sold 3,500 shares of the company’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $123.00, for a total transaction of $430,500.00. Following the transaction, the executive vice president now directly owns 27,903 shares in the company, valued at $3,432,069. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.78% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PVH

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. raised its position in shares of PVH by 13.1% during the 3rd quarter. Citigroup Inc. now owns 18,020 shares of the textile maker’s stock worth $1,379,000 after purchasing an additional 2,092 shares during the last quarter. UBS Group AG raised its position in shares of PVH by 72.7% in the 3rd quarter. UBS Group AG now owns 133,499 shares of the textile maker’s stock worth $10,214,000 after buying an additional 56,193 shares during the period. Teza Capital Management LLC lifted its stake in shares of PVH by 167.5% in the 3rd quarter. Teza Capital Management LLC now owns 11,629 shares of the textile maker’s stock valued at $890,000 after purchasing an additional 7,282 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in PVH during the 3rd quarter worth $367,000. Finally, Invesco Ltd. raised its position in PVH by 51.6% in the third quarter. Invesco Ltd. now owns 422,584 shares of the textile maker’s stock valued at $32,332,000 after purchasing an additional 143,832 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Company Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, include branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.