Magnetar Financial LLC Decreases Stake in PVH Corp. (NYSE:PVH)

Magnetar Financial LLC reduced its holdings in PVH Corp. (NYSE:PVH) by 43.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,226 shares of the textile maker’s stock after selling 7,161 shares during the period. Magnetar Financial LLC’s holdings in PVH were worth $976,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. lifted its stake in shares of PVH by 78.5% in the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after buying an additional 124 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of PVH in the fourth quarter worth about $41,000. Allworth Financial LP purchased a new position in shares of PVH in the fourth quarter worth about $50,000. GAMMA Investing LLC lifted its stake in shares of PVH by 36.0% in the fourth 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. Finally, Smartleaf Asset Management LLC lifted its stake in shares of PVH by 96.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker’s stock worth $65,000 after buying an additional 303 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Mark D. Fischer sold 3,186 shares of PVH 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 transaction, the executive vice president now owns 23,103 shares in the company, valued at $2,437,366.50. The trade was 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 through this hyperlink. 1.00% of the stock is owned by insiders.

PVH Trading Up 0.3 %

Shares of PVH stock opened at $65.00 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The stock has a market capitalization of $3.62 billion, a P/E ratio of 5.29, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10. The company has a 50 day moving average price of $79.85 and a 200 day moving average price of $93.94. PVH Corp. has a fifty-two week low of $62.94 and a fifty-two week high of $141.15.

PVH Dividend Announcement

The firm also recently disclosed 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 0.23%. The ex-dividend date is Wednesday, March 5th. PVH’s dividend payout ratio (DPR) is currently 1.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of PVH from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Wells Fargo & Company cut shares of PVH from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $130.00 to $105.00 in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut shares of PVH from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $149.00 to $113.00 in a research report on Friday, January 24th. Morgan Stanley cut their price objective on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Finally, Telsey Advisory Group restated an “outperform” rating and set a $130.00 price objective on shares of PVH in a research report on Wednesday, December 4th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $118.13.

PVH Company 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.