JPMorgan Chase & Co. Has $25.58 Million Stock Position in PVH Corp. (NYSE:PVH)

JPMorgan Chase & Co. boosted its holdings in PVH Corp. (NYSE:PVH) by 82.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 253,666 shares of the textile maker’s stock after acquiring an additional 114,430 shares during the quarter. JPMorgan Chase & Co.’s holdings in PVH were worth $25,577,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PVH. Venturi Wealth Management LLC boosted its position in 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 buying an additional 106 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of PVH by 4.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,495 shares of the textile maker’s stock valued at $264,000 after acquiring an additional 108 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker’s stock worth $43,000 after acquiring an additional 228 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in PVH in the 2nd quarter worth about $25,000. Finally, Evergreen Capital Management LLC boosted its stake in shares of PVH by 13.1% during the second quarter. Evergreen Capital Management LLC now owns 2,026 shares of the textile maker’s stock valued at $214,000 after purchasing an additional 235 shares in the last quarter. Institutional investors own 97.25% of the company’s stock.

Insider Activity

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 23,103 shares of the company’s stock, valued at approximately $2,437,366.50. This trade represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

PVH Stock Performance

NYSE:PVH opened at $105.15 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. PVH Corp. has a twelve month low of $89.56 and a twelve month high of $141.15. The company has a fifty day moving average of $105.42 and a 200-day moving average of $101.54. The firm has a market capitalization of $5.85 billion, a P/E ratio of 8.56, a P/E/G ratio of 1.10 and a beta of 2.09.

PVH (NYSE:PVH) last posted its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.44. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business’s revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.90 earnings per share. As a group, sell-side analysts anticipate that PVH Corp. will post 11.68 EPS for the current year.

PVH Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on PVH shares. Bank of America downgraded 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 reaffirmed an “outperform” rating and set a $130.00 price target on shares of PVH in a research note on Wednesday, December 4th. Barclays boosted their price objective on shares of PVH from $142.00 to $144.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Guggenheim raised their target price on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.00.

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.