PVH (NYSE:PVH) Reaches New 52-Week High at $140.25

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. UBS Group upped their price target on PVH from $125.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, December 4th. TheStreet raised PVH from a “c+” rating to a “b-” rating in a research note on Friday, December 1st. StockNews.com upgraded PVH from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. The Goldman Sachs Group upgraded PVH from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $99.00 to $126.00 in a report on Tuesday, December 12th. Finally, Morgan Stanley raised their price target on shares of PVH from $81.00 to $100.00 and gave the company an “equal weight” rating in a report on Friday, December 1st. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $116.27.

PVH Price Performance

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

PVH Dividend Announcement

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

Insider Transactions at PVH

In other PVH news, EVP Mark D. Fischer sold 3,500 shares of the business’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $123.00, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available through this link. 0.78% of the stock is owned by insiders.

Institutional Investors Weigh In On PVH

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James & Associates lifted its position in PVH by 20.3% during the 1st quarter. Raymond James & Associates now owns 19,681 shares of the textile maker’s stock worth $1,508,000 after buying an additional 3,326 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of PVH by 17.8% during the first quarter. HighTower Advisors LLC now owns 6,146 shares of the textile maker’s stock worth $472,000 after purchasing an additional 930 shares in the last quarter. Citigroup Inc. grew its stake in shares of PVH by 29.2% during the first quarter. Citigroup Inc. now owns 35,739 shares of the textile maker’s stock valued at $2,738,000 after purchasing an additional 8,081 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of PVH by 2.0% in the first quarter. PNC Financial Services Group Inc. now owns 11,444 shares of the textile maker’s stock valued at $877,000 after purchasing an additional 226 shares in the last quarter. Finally, MetLife Investment Management LLC raised its position in PVH by 21.3% in the 1st quarter. MetLife Investment Management LLC now owns 19,033 shares of the textile maker’s stock worth $1,458,000 after purchasing an additional 3,336 shares during the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

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.