PVH (NYSE:PVH) Sets New 12-Month High at $140.25

PVH Corp. (NYSE:PVH)’s stock price hit a new 52-week high on Thursday . The company traded as high as $140.25 and last traded at $140.25, with a volume of 28436 shares traded. The stock had previously closed at $139.40.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PVH. The Goldman Sachs Group raised shares of PVH from a “neutral” rating to a “buy” rating and upped their target price for the company from $99.00 to $126.00 in a report on Tuesday, December 12th. Morgan Stanley lifted their target price on PVH from $81.00 to $100.00 and gave the company an “equal weight” rating in a research note on Friday, December 1st. StockNews.com upgraded shares of PVH from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Telsey Advisory Group lifted their price target on PVH from $122.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, BMO Capital Markets increased their target price on shares of PVH from $90.00 to $107.00 and gave the company a “market perform” rating in a report on Friday, December 1st. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $116.27.

PVH Stock Performance

The stock has a market cap of $8.36 billion, a P/E ratio of 16.47, a PEG ratio of 0.75 and a beta of 2.20. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 0.66. The company has a fifty day moving average of $129.62 and a 200 day moving average of $105.19.

PVH Announces Dividend

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

Insider Buying and Selling

In other PVH news, EVP Mark D. Fischer sold 3,500 shares of PVH stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $123.00, for a total value of $430,500.00. Following the transaction, the executive vice president now owns 27,903 shares in the company, valued at $3,432,069. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.78% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Alliancebernstein L.P. boosted its position in PVH by 943.4% during the 2nd quarter. Alliancebernstein L.P. now owns 1,353,450 shares of the textile maker’s stock worth $115,003,000 after acquiring an additional 1,223,733 shares during the period. FMR LLC increased its stake in PVH by 15.9% in the 3rd quarter. FMR LLC now owns 7,198,557 shares of the textile maker’s stock valued at $550,762,000 after buying an additional 987,957 shares during the period. Channing Capital Management LLC increased its stake in shares of PVH by 648.1% in the fourth quarter. Channing Capital Management LLC now owns 581,289 shares of the textile maker’s stock worth $70,987,000 after acquiring an additional 503,586 shares during the last quarter. Norges Bank purchased a new position in PVH in the fourth quarter valued at about $32,359,000. Finally, Wedge Capital Management L L P NC acquired a new position in PVH in the 4th quarter worth about $45,911,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

About PVH

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.