Amalgamated Bank Purchases 5,454 Shares of PVH Corp. (NYSE:PVH)

Amalgamated Bank grew its stake in PVH Corp. (NYSE:PVHFree Report) by 13.3% during the third quarter, HoldingsChannel.com reports. The firm owned 46,423 shares of the textile maker’s stock after buying an additional 5,454 shares during the period. Amalgamated Bank’s holdings in PVH were worth $3,552,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in PVH. Alliancebernstein L.P. lifted its stake in shares of PVH by 943.4% in the 2nd quarter. Alliancebernstein L.P. now owns 1,353,450 shares of the textile maker’s stock valued at $115,003,000 after purchasing an additional 1,223,733 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of PVH by 26.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,407,946 shares of the textile maker’s stock valued at $204,601,000 after purchasing an additional 506,374 shares during the period. Norges Bank acquired a new position in shares of PVH in the 4th quarter valued at $32,359,000. Balyasny Asset Management LLC acquired a new position in shares of PVH in the 3rd quarter valued at $14,439,000. Finally, Two Sigma Investments LP bought a new stake in shares of PVH in the 1st quarter valued at $20,584,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Price Performance

Shares of NYSE PVH opened at $127.76 on Friday. The stock has a market capitalization of $7.62 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 0.71 and a beta of 2.19. The business has a 50-day moving average of $118.79 and a 200-day moving average of $93.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 0.66. PVH Corp. has a fifty-two week low of $69.27 and a fifty-two week high of $128.70.

PVH (NYSE:PVHGet Free Report) last announced its quarterly earnings data on Thursday, November 30th. The textile maker reported $2.90 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.16. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.41 billion. PVH had a return on equity of 11.63% and a net margin of 5.76%. PVH’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.60 EPS. As a group, sell-side analysts predict that PVH Corp. will post 10.46 earnings per share for the current fiscal year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend is Tuesday, March 5th. PVH’s payout ratio is 1.77%.

Analyst Ratings Changes

A number of analysts recently commented on PVH shares. Telsey Advisory Group upped their price objective on shares of PVH from $111.00 to $122.00 and gave the company an “outperform” rating in a research report on Tuesday, December 12th. Wedbush restated a “neutral” rating and issued a $88.00 price objective on shares of PVH in a research report on Thursday, November 30th. BMO Capital Markets upped their price objective on shares of PVH from $90.00 to $107.00 and gave the company a “market perform” rating in a research report on Friday, December 1st. JPMorgan Chase & Co. upgraded shares of PVH from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $122.00 to $119.00 in a research report on Tuesday, October 24th. Finally, Wells Fargo & Company upped their price objective on shares of PVH from $110.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, December 11th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.73.

Check Out Our Latest Stock Analysis on PVH

Insider Activity at PVH

In related news, insider Julie Fuller sold 14,290 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $108.75, for a total value of $1,554,037.50. Following the completion of the sale, the insider now directly owns 16,191 shares in the company, valued at approximately $1,760,771.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Julie Fuller sold 14,290 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $108.75, for a total value of $1,554,037.50. Following the completion of the sale, the insider now directly owns 16,191 shares in the company, valued at approximately $1,760,771.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Martijn Hagman sold 18,900 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $115.69, for a total transaction of $2,186,541.00. Following the completion of the sale, the chief executive officer now owns 49,514 shares of the company’s stock, valued at $5,728,274.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,440 shares of company stock worth $5,198,462. Insiders own 0.78% of the company’s stock.

PVH Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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