Zurcher Kantonalbank Zurich Cantonalbank Trims Stake in PVH Corp. (NYSE:PVH)

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in PVH Corp. (NYSE:PVH) by 42.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,940 shares of the textile maker’s stock after selling 10,253 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in PVH were worth $1,474,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PVH. UMB Bank n.a. grew its stake in PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after acquiring an additional 124 shares in the last quarter. Proficio Capital Partners LLC bought a new position in PVH in the 4th quarter worth about $41,000. Allworth Financial LP bought a new position in PVH in the 4th quarter worth about $50,000. GAMMA Investing LLC grew its stake in PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after acquiring an additional 129 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in PVH by 96.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker’s stock worth $65,000 after acquiring an additional 303 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Trading Down 0.9 %

PVH stock opened at $64.78 on Wednesday. The stock has a 50-day moving average of $82.09 and a two-hundred day moving average of $94.59. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. PVH Corp. has a one year low of $62.94 and a one year high of $141.15. The stock has a market cap of $3.60 billion, a PE ratio of 5.28, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10.

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Wednesday, March 5th. PVH’s dividend payout ratio (DPR) is presently 1.22%.

Analyst Ratings Changes

PVH has been the topic of a number of research analyst reports. Wells Fargo & Company downgraded shares of PVH from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $130.00 to $105.00 in a research note on Monday, February 3rd. StockNews.com downgraded shares of PVH from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Barclays dropped their price objective on shares of PVH from $144.00 to $98.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Jefferies Financial Group reduced their price objective on shares of PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. Finally, Guggenheim increased their target price on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.07.

Insider Buying and Selling at PVH

In other news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the transaction, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by company insiders.

PVH Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.