Clear Harbor Asset Management LLC Sells 1,257 Shares of PVH Corp. (NYSE:PVH)

Clear Harbor Asset Management LLC reduced its stake in shares of PVH Corp. (NYSE:PVH) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,501 shares of the textile maker’s stock after selling 1,257 shares during the period. Clear Harbor Asset Management LLC’s holdings in PVH were worth $2,137,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. FMR LLC increased its stake in shares of PVH by 15.9% in the third quarter. FMR LLC now owns 7,198,557 shares of the textile maker’s stock worth $550,762,000 after purchasing an additional 987,957 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of PVH by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,080,588 shares of the textile maker’s stock worth $159,186,000 after purchasing an additional 10,164 shares during the period. Invesco Ltd. increased its stake in shares of PVH by 9.7% in the first quarter. Invesco Ltd. now owns 1,684,738 shares of the textile maker’s stock worth $129,067,000 after purchasing an additional 148,917 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of PVH by 0.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,520,066 shares of the textile maker’s stock worth $135,529,000 after purchasing an additional 6,601 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of PVH by 943.4% in the second quarter. Alliancebernstein L.P. now owns 1,353,450 shares of the textile maker’s stock worth $115,003,000 after purchasing an additional 1,223,733 shares during the period. 97.25% of the stock is currently owned by institutional investors.

PVH Price Performance

Shares of PVH traded up $1.21 on Thursday, hitting $140.61. The company’s stock had a trading volume of 896,920 shares, compared to its average volume of 775,938. The company has a market capitalization of $8.39 billion, a PE ratio of 16.58, a PEG ratio of 0.75 and a beta of 2.20. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 0.66. PVH Corp. has a fifty-two week low of $69.27 and a fifty-two week high of $140.75. The company has a 50 day moving average price of $130.08 and a 200 day moving average price of $105.44.

PVH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. The ex-dividend date was Tuesday, March 5th. PVH’s payout ratio is currently 1.77%.

Insider Transactions at PVH

In other news, EVP Mark D. Fischer sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $123.00, for a total value of $430,500.00. Following the transaction, the executive vice president now directly owns 27,903 shares of the company’s stock, valued at approximately $3,432,069. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.78% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PVH has been the topic of a number of recent analyst reports. TD Cowen lifted their price objective on PVH from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. TheStreet upgraded PVH from a “c+” rating to a “b-” rating in a research note on Friday, December 1st. Wells Fargo & Company boosted their price target on PVH from $110.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, December 11th. Wedbush restated a “neutral” rating and set a $88.00 price target on shares of PVH in a research note on Thursday, November 30th. Finally, Morgan Stanley boosted their price target on PVH from $81.00 to $100.00 and gave the company an “equal weight” rating in a research note on Friday, December 1st. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, PVH currently has a consensus rating of “Moderate Buy” and an average target price of $116.27.

PVH Company Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, include branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.