Martingale Asset Management L P lowered its stake in shares of PVH Corp (NYSE:PVH) by 10.4% in the fourth quarter, Holdings Channel reports. The fund owned 5,459 shares of the textile maker’s stock after selling 634 shares during the quarter. Martingale Asset Management L P’s holdings in PVH were worth $508,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PVH. SRS Capital Advisors Inc. increased its position in PVH by 15.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 994 shares of the textile maker’s stock worth $92,000 after purchasing an additional 131 shares in the last quarter. ETF Managers Group LLC increased its position in PVH by 18.7% during the 4th quarter. ETF Managers Group LLC now owns 882 shares of the textile maker’s stock worth $82,000 after purchasing an additional 139 shares in the last quarter. Daiwa Securities Group Inc. increased its position in PVH by 5.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 2,703 shares of the textile maker’s stock worth $251,000 after purchasing an additional 150 shares in the last quarter. First Hawaiian Bank increased its position in PVH by 2.5% during the 4th quarter. First Hawaiian Bank now owns 6,340 shares of the textile maker’s stock worth $589,000 after purchasing an additional 155 shares in the last quarter. Finally, Townsend & Associates Inc increased its position in PVH by 3.7% during the 4th quarter. Townsend & Associates Inc now owns 6,764 shares of the textile maker’s stock worth $629,000 after purchasing an additional 243 shares in the last quarter. 94.40% of the stock is owned by institutional investors.

A number of analysts recently issued reports on the stock. DA Davidson increased their target price on shares of PVH to $134.00 and gave the stock a “buy” rating in a research report on Monday, December 3rd. Barclays dropped their target price on shares of PVH from $178.00 to $155.00 and set an “overweight” rating for the company in a research report on Monday, December 3rd. Buckingham Research dropped their target price on shares of PVH from $176.00 to $157.00 and set a “buy” rating for the company in a research report on Monday, December 3rd. Telsey Advisory Group reissued an “outperform” rating and set a $155.00 target price (down previously from $185.00) on shares of PVH in a research report on Friday, November 30th. Finally, Cowen set a $142.00 target price on shares of PVH and gave the stock a “buy” rating in a research report on Friday, November 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $147.30.

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

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

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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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