PVH (NYSE:PVH) Sets New 1-Year High at $140.25

Shares of PVH Corp. (NYSE:PVH) reached a new 52-week high during trading on Thursday . The company traded as high as $140.25 and last traded at $140.25, with a volume of 28436 shares trading hands. The stock had previously closed at $139.40.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. TheStreet upgraded shares of PVH from a “c+” rating to a “b-” rating in a research note on Friday, December 1st. The Goldman Sachs Group raised shares of PVH from a “neutral” rating to a “buy” rating and lifted their price target for the company from $99.00 to $126.00 in a report on Tuesday, December 12th. TD Cowen boosted their target price on shares of PVH from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. Wedbush reiterated a “neutral” rating and issued a $88.00 price target on shares of PVH in a research note on Thursday, November 30th. Finally, BMO Capital Markets upped their target price on PVH from $90.00 to $107.00 and gave the stock a “market perform” rating in a report on Friday, December 1st. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.27.

PVH Trading Up 0.6 %

The stock has a market capitalization of $8.36 billion, a P/E ratio of 16.47, a P/E/G ratio of 0.75 and a beta of 2.20. The firm’s 50 day simple moving average is $129.62 and its two-hundred day simple moving average is $105.19. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.31.

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend was Tuesday, March 5th. PVH’s dividend payout ratio (DPR) is 1.77%.

Insider Activity

In related news, EVP Mark D. Fischer sold 3,500 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $123.00, for a total transaction of $430,500.00. Following the completion of the sale, the executive vice president now directly owns 27,903 shares of the company’s stock, valued at $3,432,069. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.78% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PVH. International Assets Investment Management LLC purchased a new position in shares of PVH in the third quarter worth about $25,000. Quarry LP lifted its stake in PVH by 81.8% in the 2nd quarter. Quarry LP now owns 320 shares of the textile maker’s stock worth $27,000 after purchasing an additional 144 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in PVH by 2,600.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 270 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 260 shares during the period. Huntington National Bank increased its holdings in shares of PVH by 281.1% in the second quarter. Huntington National Bank now owns 423 shares of the textile maker’s stock worth $36,000 after purchasing an additional 312 shares during the period. Finally, GAMMA Investing LLC purchased a new stake in shares of PVH in the 4th quarter valued at about $38,000. 97.25% of the stock is owned by institutional investors.

PVH Company Profile

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.