First Trust Advisors LP Has $7.93 Million Stock Holdings in PVH Corp. (NYSE:PVH)

First Trust Advisors LP lifted its position in shares of PVH Corp. (NYSE:PVHGet Rating) by 4.3% in the third quarter, Holdings Channel reports. The institutional investor owned 177,031 shares of the textile maker’s stock after acquiring an additional 7,307 shares during the period. First Trust Advisors LP’s holdings in PVH were worth $7,931,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of PVH. SeaCrest Wealth Management LLC acquired a new stake in shares of PVH during the second quarter worth $38,000. Wipfli Financial Advisors LLC acquired a new stake in shares of PVH during the third quarter worth $38,000. Westpac Banking Corp acquired a new stake in shares of PVH during the third quarter worth $39,000. Covestor Ltd lifted its holdings in shares of PVH by 69.3% during the first quarter. Covestor Ltd now owns 596 shares of the textile maker’s stock worth $46,000 after buying an additional 244 shares in the last quarter. Finally, Mach 1 Financial Group LLC acquired a new stake in shares of PVH during the third quarter worth $57,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Buying and Selling at PVH

In other PVH news, EVP Mark D. Fischer sold 1,732 shares of the business’s stock in a transaction that occurred on Wednesday, January 11th. The stock was sold at an average price of $81.00, for a total value of $140,292.00. Following the transaction, the executive vice president now directly owns 32,468 shares of the company’s stock, valued at $2,629,908. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.56% of the company’s stock.

PVH Price Performance

PVH stock opened at $72.68 on Tuesday. The stock’s 50 day moving average is $82.89 and its 200 day moving average is $67.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.35 and a quick ratio of 0.68. The firm has a market cap of $4.61 billion, a P/E ratio of 11.52, a P/E/G ratio of 0.80 and a beta of 2.07. PVH Corp. has a one year low of $43.49 and a one year high of $94.51.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 8th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.21%. The ex-dividend date is Tuesday, March 7th. PVH’s dividend payout ratio (DPR) is presently 2.38%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Cowen lifted their target price on PVH from $75.00 to $86.00 in a report on Friday, January 6th. JPMorgan Chase & Co. boosted their price target on PVH from $77.00 to $95.00 and gave the company a “neutral” rating in a research note on Monday, January 23rd. Telsey Advisory Group boosted their price target on PVH from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, December 2nd. UBS Group boosted their price target on PVH from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, December 2nd. Finally, Wedbush boosted their price target on PVH to $77.00 in a research note on Friday, December 2nd. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $82.67.

PVH Profile

(Get Rating)

PVH Corp. engages in the design and marketing of branded dress shirts, neckwear, sportswear, jeans wear, intimate apparel, swim products, handbags, footwear, and other related products. It operates through the following segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail.

Recommended Stories

Want to see what other hedge funds are holding PVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PVH Corp. (NYSE:PVHGet Rating).

Institutional Ownership by Quarter for PVH (NYSE:PVH)

Receive News & Ratings for PVH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH and related companies with MarketBeat.com's FREE daily email newsletter.