Swedbank AB Acquires 266,509 Shares of PVH Corp. (NYSE:PVH)

Swedbank AB grew its holdings in PVH Corp. (NYSE:PVH) by 153.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 440,483 shares of the textile maker’s stock after purchasing an additional 266,509 shares during the quarter. Swedbank AB owned approximately 0.79% of PVH worth $46,581,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PVH. Venturi Wealth Management LLC boosted its stake in shares of PVH by 63.9% in the 3rd 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 during the last quarter. UMB Bank n.a. boosted its stake in PVH by 78.5% during 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 during the last quarter. Covestor Ltd boosted its stake in PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after acquiring an additional 295 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake 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. Finally, GAMMA Investing LLC boosted its stake in PVH by 36.0% during 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 during the last quarter. Institutional investors own 97.25% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on PVH. JPMorgan Chase & Co. lowered shares of PVH from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $149.00 to $113.00 in a research note on Friday, January 24th. Morgan Stanley reduced their price objective on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Bank of America lowered shares of PVH from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $130.00 to $107.00 in a research note on Wednesday, October 2nd. Telsey Advisory Group reissued an “outperform” rating and set a $130.00 price objective on shares of PVH in a research note on Wednesday, December 4th. Finally, Guggenheim lifted their price target on shares of PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.80.

Insider Buying and Selling

In related news, EVP Mark D. Fischer sold 3,186 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $105.50, for a total transaction of $336,123.00. Following the transaction, the executive vice president now directly owns 23,103 shares in the company, valued at approximately $2,437,366.50. The trade was a 12.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

PVH Price Performance

NYSE PVH opened at $91.87 on Thursday. 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 12-month low of $88.60 and a 12-month high of $141.15. The company has a market capitalization of $5.11 billion, a PE ratio of 7.48, a price-to-earnings-growth ratio of 0.98 and a beta of 2.09. The firm’s 50 day moving average is $103.74 and its 200-day moving average is $100.32.

PVH (NYSE:PVH) last posted its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the company earned $2.90 earnings per share. The firm’s revenue was down 4.6% compared to the same quarter last year. Equities research analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

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.