HBK Investments L P lifted its stake in shares of PVH Corp (NYSE:PVH) by 124.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,500 shares of the textile maker’s stock after acquiring an additional 64,600 shares during the period. HBK Investments L P owned 0.15% of PVH worth $15,985,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of PVH. Cerebellum GP LLC acquired a new stake in shares of PVH during the fourth quarter valued at $131,000. Squar Milner Financial Services LLC acquired a new stake in shares of PVH during the fourth quarter valued at $212,000. Conning Inc. acquired a new stake in shares of PVH during the fourth quarter valued at $220,000. Everence Capital Management Inc. acquired a new stake in shares of PVH during the fourth quarter valued at $248,000. Finally, Visionary Asset Management Inc. acquired a new stake in shares of PVH during the third quarter valued at $266,000. 96.12% of the stock is currently owned by institutional investors and hedge funds.
PVH has been the topic of a number of analyst reports. Zacks Investment Research raised PVH from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research note on Thursday, January 18th. B. Riley initiated coverage on PVH in a research note on Friday, December 22nd. They set a “buy” rating and a $155.00 price objective on the stock. Cowen set a $165.00 price objective on PVH and gave the company a “buy” rating in a research note on Thursday, March 8th. Wells Fargo & Co increased their price objective on PVH from $158.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, January 3rd. Finally, Nomura initiated coverage on PVH in a research note on Thursday, February 15th. They issued a “neutral” rating and a $150.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. PVH currently has a consensus rating of “Buy” and a consensus price target of $151.95.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, February 28th will be issued a $0.038 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. PVH’s dividend payout ratio (DPR) is 2.23%.
In other news, SVP James Holmes sold 2,552 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $135.85, for a total value of $346,689.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark D. Fischer sold 891 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $147.34, for a total value of $131,279.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 392,290 shares of company stock worth $52,131,795. Company insiders own 1.50% of the company’s stock.
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PVH Company Profile
PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.
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