Northern Trust Corp Acquires 124,022 Shares of PVH Corp. (NYSE:PVH)

Northern Trust Corp grew its position in shares of PVH Corp. (NYSE:PVH) by 29.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 549,642 shares of the textile maker’s stock after purchasing an additional 124,022 shares during the period. Northern Trust Corp’s holdings in PVH were worth $58,125,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PVH. UMB Bank n.a. increased its holdings in shares of PVH by 78.5% in 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. GAMMA Investing LLC lifted its position in shares of PVH by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock worth $52,000 after purchasing an additional 129 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of PVH by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker’s stock valued at $2,579,000 after purchasing an additional 150 shares during the period. Envestnet Asset Management Inc. increased its stake in PVH by 0.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker’s stock worth $3,248,000 after buying an additional 152 shares during the period. Finally, Assetmark Inc. lifted its holdings in PVH by 11.8% during the 4th quarter. Assetmark Inc. now owns 1,451 shares of the textile maker’s stock valued at $153,000 after buying an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PVH shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $90.00 target price on shares of PVH in a research report on Tuesday, April 1st. The Goldman Sachs Group decreased their target price on PVH from $128.00 to $109.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Evercore ISI dropped their price target on PVH from $139.00 to $105.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Citigroup restated a “neutral” rating and issued a $68.00 price objective (down from $83.00) on shares of PVH in a report on Monday, April 7th. Finally, UBS Group dropped their target price on shares of PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.00.

PVH Stock Performance

Shares of PVH stock opened at $70.99 on Wednesday. PVH Corp. has a 12-month low of $59.28 and a 12-month high of $124.68. The business’s fifty day simple moving average is $68.76 and its 200-day simple moving average is $87.41. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The company has a market cap of $3.74 billion, a PE ratio of 5.78, a PEG ratio of 0.77 and a beta of 1.81.

PVH (NYSE:PVH) last announced its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.08. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.72 EPS. Analysts expect that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend is Wednesday, June 4th. PVH’s dividend payout ratio (DPR) is presently 1.42%.

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.