PVH Corp (PVH) Shares Sold by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can lowered its position in PVH Corp (NYSE:PVH) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,295 shares of the textile maker’s stock after selling 3,392 shares during the quarter. Great West Life Assurance Co. Can owned about 0.07% of PVH worth $4,730,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PVH. Commonwealth Equity Services LLC boosted its stake in PVH by 6.3% during the third quarter. Commonwealth Equity Services LLC now owns 7,491 shares of the textile maker’s stock valued at $1,081,000 after buying an additional 447 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in PVH by 3.8% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 266,684 shares of the textile maker’s stock valued at $38,509,000 after buying an additional 9,772 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in PVH by 54.5% during the third quarter. JPMorgan Chase & Co. now owns 6,677,007 shares of the textile maker’s stock valued at $964,158,000 after buying an additional 2,356,377 shares in the last quarter. Toronto Dominion Bank boosted its stake in PVH by 104.1% during the third quarter. Toronto Dominion Bank now owns 113,021 shares of the textile maker’s stock valued at $16,318,000 after buying an additional 57,634 shares in the last quarter. Finally, MML Investors Services LLC boosted its stake in PVH by 34.0% during the third quarter. MML Investors Services LLC now owns 4,685 shares of the textile maker’s stock valued at $677,000 after buying an additional 1,189 shares in the last quarter. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:PVH opened at $110.51 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.74 and a quick ratio of 0.85. PVH Corp has a 1-year low of $86.46 and a 1-year high of $169.22. The firm has a market capitalization of $8.37 billion, a P/E ratio of 13.92, a P/E/G ratio of 0.85 and a beta of 1.08.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 28th will be given a $0.0375 dividend. The ex-dividend date is Wednesday, February 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. PVH’s dividend payout ratio (DPR) is 1.89%.

Several research analysts recently weighed in on PVH shares. Piper Jaffray Companies set a $150.00 target price on PVH and gave the company a “buy” rating in a research note on Friday, November 30th. UBS Group raised PVH from a “neutral” rating to a “buy” rating and decreased their target price for the company from $170.00 to $145.00 in a research note on Monday, January 7th. Guggenheim reaffirmed a “buy” rating and set a $150.00 target price on shares of PVH in a research note on Sunday, December 2nd. Zacks Investment Research raised PVH from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a research note on Monday, March 4th. Finally, Cowen cut PVH from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $142.00 to $119.00 in a research note on Tuesday, January 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $147.30.

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About PVH

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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Institutional Ownership by Quarter for PVH (NYSE:PVH)

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