PVH Corp. (NYSE:PVH) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its stake in PVH Corp. (NYSE:PVH) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,755 shares of the textile maker’s stock after selling 3,094 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in PVH were worth $7,800,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PVH. Charles Schwab Investment Management Inc. raised its stake in shares of PVH by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker’s stock valued at $66,375,000 after purchasing an additional 4,645 shares in the last quarter. Clark Estates Inc. NY bought a new position in PVH during the 4th quarter worth approximately $2,855,000. Bank of New York Mellon Corp boosted its holdings in PVH by 22.9% in the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock worth $81,852,000 after purchasing an additional 144,260 shares during the period. Citizens Financial Group Inc. RI acquired a new stake in shares of PVH during the fourth quarter worth $466,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of PVH by 179,164.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after buying an additional 759,656 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Mark D. Fischer sold 3,186 shares of PVH stock in a transaction dated Monday, December 30th. The stock was 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 of the company’s stock, valued at $2,437,366.50. The trade was a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

PVH Price Performance

NYSE PVH opened at $64.59 on Friday. PVH Corp. has a 12 month low of $62.94 and a 12 month high of $141.15. The firm has a market capitalization of $3.59 billion, a PE ratio of 5.26, a P/E/G ratio of 0.77 and a beta of 2.10. The company’s 50 day simple moving average is $76.92 and its 200 day simple moving average is $92.92. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid 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 was Wednesday, March 5th. PVH’s dividend payout ratio is presently 1.22%.

Analyst Upgrades and Downgrades

PVH has been the subject of a number of recent research reports. Jefferies Financial Group lowered their price objective on shares of PVH from $104.00 to $101.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. UBS Group cut their price target on PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. Guggenheim upped their price objective on PVH from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Citigroup reduced their price target on shares of PVH from $123.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. Finally, Morgan Stanley dropped their price objective on shares of PVH from $103.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $112.27.

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.