JPMorgan Chase & Co. Sells 142,456 Shares of PVH Corp. $PVH

JPMorgan Chase & Co. reduced its holdings in shares of PVH Corp. (NYSE:PVH) by 54.1% during the third quarter, HoldingsChannel reports. The firm owned 120,673 shares of the textile maker’s stock after selling 142,456 shares during the period. JPMorgan Chase & Co.’s holdings in PVH were worth $10,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of PVH. Danske Bank A S bought a new stake in PVH in the 3rd quarter worth about $25,000. Saranac Partners Ltd bought a new position in PVH during the 3rd quarter valued at about $30,000. Quarry LP bought a new position in PVH during the 3rd quarter valued at about $58,000. Larson Financial Group LLC boosted its holdings in shares of PVH by 70,300.0% during the 3rd quarter. Larson Financial Group LLC now owns 704 shares of the textile maker’s stock valued at $59,000 after acquiring an additional 703 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of PVH by 128.7% in the third quarter. Farther Finance Advisors LLC now owns 892 shares of the textile maker’s stock worth $75,000 after acquiring an additional 502 shares during the period. 97.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PVH. BTIG Research reissued a “buy” rating and set a $100.00 price objective on shares of PVH in a report on Friday, December 5th. UBS Group cut their target price on shares of PVH from $148.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Telsey Advisory Group decreased their target price on shares of PVH from $82.00 to $74.00 and set a “market perform” rating for the company in a research note on Tuesday, March 24th. Citigroup lowered their price target on PVH from $83.00 to $80.00 and set a “neutral” rating on the stock in a report on Monday, December 8th. Finally, Wall Street Zen downgraded PVH from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, PVH has an average rating of “Hold” and an average price target of $88.33.

PVH Stock Performance

Shares of NYSE PVH opened at $66.40 on Friday. PVH Corp. has a 12-month low of $59.28 and a 12-month high of $89.79. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 2.24 and a beta of 1.67. The company has a current ratio of 1.47, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $65.33 and a 200 day moving average of $73.40.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.2%. PVH’s payout ratio is presently 2.25%.

PVH Company Profile

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.