Channing Capital Management LLC Boosts Holdings in PVH Corp. (NYSE:PVH)

Channing Capital Management LLC increased its stake in shares of PVH Corp. (NYSE:PVH) by 87.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 680,991 shares of the textile maker’s stock after acquiring an additional 316,876 shares during the quarter. PVH comprises approximately 1.9% of Channing Capital Management LLC’s portfolio, making the stock its 24th largest holding. Channing Capital Management LLC owned about 1.22% of PVH worth $72,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of PVH. Venturi Wealth Management LLC increased its position in shares of PVH by 63.9% during the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock worth $27,000 after purchasing an additional 106 shares in the last quarter. UMB Bank n.a. grew 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 buying an additional 124 shares during the last quarter. Covestor Ltd increased its position in PVH by 270.6% during the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after buying an additional 295 shares during the period. Proficio Capital Partners LLC purchased a new stake in PVH in the fourth quarter valued at approximately $41,000. Finally, Allworth Financial LP acquired a new stake in shares of PVH in the fourth quarter valued at approximately $50,000. 97.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $105.50, for a total value of $336,123.00. Following the sale, the executive vice president now 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 transaction 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 Stock Down 3.6 %

Shares of NYSE PVH opened at $70.04 on Tuesday. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 5.70, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10. PVH Corp. has a 52 week low of $68.80 and a 52 week high of $141.15. The firm has a 50-day moving average price of $86.95 and a 200 day moving average price of $96.10. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend is Wednesday, March 5th. PVH’s dividend payout ratio is currently 1.22%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PVH. The Goldman Sachs Group cut their target price on shares of PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. 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. Telsey Advisory Group reiterated an “outperform” rating and set a $130.00 target price on shares of PVH in a research note on Wednesday, December 4th. Guggenheim boosted their price target on PVH from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Morgan Stanley reduced their price objective on PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, PVH currently has an average rating of “Moderate Buy” and an average price target of $118.07.

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.