Marshall Wace LLP lifted its stake in shares of PVH Corp. (NYSE:PVH – Get Rating) by 157.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,741 shares of the textile maker’s stock after buying an additional 103,150 shares during the quarter. Marshall Wace LLP owned about 0.26% of PVH worth $7,559,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. ETF Managers Group LLC raised its position in PVH by 4.0% in the 3rd quarter. ETF Managers Group LLC now owns 8,946 shares of the textile maker’s stock valued at $401,000 after purchasing an additional 348 shares during the last quarter. Echo Street Capital Management LLC raised its position in PVH by 4.7% in the 3rd quarter. Echo Street Capital Management LLC now owns 5,863 shares of the textile maker’s stock valued at $263,000 after purchasing an additional 264 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in PVH in the 3rd quarter valued at $1,305,000. Federated Hermes Inc. raised its position in PVH by 12,029.0% in the 3rd quarter. Federated Hermes Inc. now owns 663,699 shares of the textile maker’s stock valued at $29,734,000 after purchasing an additional 658,227 shares during the last quarter. Finally, First Trust Advisors LP raised its position in PVH by 4.3% in the 3rd quarter. First Trust Advisors LP now owns 177,031 shares of the textile maker’s stock valued at $7,931,000 after purchasing an additional 7,307 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.
Insider Buying and Selling
In related news, EVP Mark D. Fischer sold 1,732 shares of the business’s stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $81.00, for a total value of $140,292.00. Following the sale, the executive vice president now directly owns 32,468 shares in the company, valued at approximately $2,629,908. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.56% of the company’s stock.
PVH Price Performance
PVH Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 29th. Investors of record on Wednesday, March 8th will be given a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, March 7th. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. PVH’s dividend payout ratio is presently 2.38%.
Wall Street Analyst Weigh In
Several analysts recently commented on PVH shares. Barclays upgraded shares of PVH from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $72.00 to $106.00 in a research report on Friday, January 20th. Wedbush boosted their price objective on shares of PVH to $77.00 in a research note on Friday, December 2nd. UBS Group boosted their price objective on shares of PVH from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, December 2nd. Cowen boosted their price objective on shares of PVH from $58.00 to $75.00 in a research note on Tuesday, December 6th. Finally, Cowen boosted their price objective on shares of PVH from $75.00 to $86.00 in a research note on Friday, January 6th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $82.67.
PVH Profile
PVH Corp. engages in the design and marketing of branded dress shirts, neckwear, sportswear, jeans wear, intimate apparel, swim products, handbags, footwear, and other related products. It operates through the following segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail.
Featured Stories
- Get a free copy of the StockNews.com research report on PVH (PVH)
- What the SVB Financial Collapse Means for U.S. Banks
- MarketBeat Week in Review – 3/6 – 3/10
- 2 Offshore Drilling Stocks Set to Extract Big Profits
- Three Staples Stocks With Double-Digit Upside Ahead
- Can Investors Trust Consumers to Lift American Outdoor Brands?
Want to see what other hedge funds are holding PVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PVH Corp. (NYSE:PVH – Get Rating).
Receive News & Ratings for PVH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH and related companies with MarketBeat.com's FREE daily email newsletter.
