Central Pacific Bank Trust Division Increases Stock Position in PVH Corp. (NYSE:PVH)

Central Pacific Bank Trust Division grew its position in shares of PVH Corp. (NYSE:PVH) by 15.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,750 shares of the textile maker’s stock after purchasing an additional 240 shares during the period. Central Pacific Bank Trust Division’s holdings in PVH were worth $185,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PVH. Altshuler Shaham Ltd bought a new stake in PVH in the 2nd quarter worth approximately $25,000. Venturi Wealth Management LLC grew its holdings in shares of PVH by 63.9% in the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 106 shares in the last quarter. Covestor Ltd raised its stake in PVH by 270.6% during the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 295 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in PVH by 116.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 228 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of 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 buying an additional 129 shares in the last quarter. 97.25% of the stock is owned by institutional investors.

Insider Activity

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $105.50, for a total value of $336,123.00. Following the completion of the sale, the executive vice president now directly owns 23,103 shares in the company, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

PVH Trading Up 0.6 %

Shares of NYSE PVH opened at $105.48 on Friday. PVH Corp. has a twelve month low of $89.56 and a twelve month high of $141.15. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $105.05 and a two-hundred day simple moving average of $101.72. The firm has a market cap of $5.87 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of 1.10 and a beta of 2.10.

PVH (NYSE:PVH) last released its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the firm earned $2.90 earnings per share. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. Analysts expect that PVH Corp. will post 11.68 earnings per share for the current fiscal year.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.0375 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.15 annualized dividend and a yield of 0.14%. PVH’s dividend payout ratio (DPR) is presently 1.22%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Guggenheim increased their price target on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 6th. Bank of America lowered PVH from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $130.00 to $107.00 in a research note on Wednesday, October 2nd. Telsey Advisory Group restated an “outperform” rating and set a $130.00 price target on shares of PVH in a report on Wednesday, December 4th. Finally, Barclays boosted their price objective on shares of PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, PVH has a consensus rating of “Moderate Buy” and an average price target of $128.00.

About PVH

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.