LSV Asset Management boosted its holdings in PVH Corp. (NYSE:PVH – Free Report) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,127,646 shares of the textile maker’s stock after purchasing an additional 164,343 shares during the period. LSV Asset Management owned about 4.65% of PVH worth $142,595,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Global Retirement Partners LLC boosted its holdings in PVH by 513.9% in the fourth quarter. Global Retirement Partners LLC now owns 442 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 370 shares during the last quarter. Leonteq Securities AG purchased a new position in PVH in the fourth quarter valued at about $660,000. AlphaCore Capital LLC purchased a new position in PVH in the fourth quarter valued at about $584,000. Denali Advisors LLC purchased a new position in PVH in the fourth quarter valued at about $261,000. Finally, Principal Financial Group Inc. boosted its holdings in PVH by 2.2% in the fourth quarter. Principal Financial Group Inc. now owns 563,629 shares of the textile maker’s stock valued at $37,774,000 after purchasing an additional 12,279 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.
Analyst Upgrades and Downgrades
PVH has been the subject of a number of analyst reports. Telsey Advisory Group reissued a “market perform” rating and issued a $74.00 price target on shares of PVH in a report on Wednesday, April 1st. UBS Group decreased their target price on PVH from $148.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Weiss Ratings upgraded PVH from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Jefferies Financial Group decreased their target price on PVH from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Finally, The Goldman Sachs Group lifted their target price on PVH from $83.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $88.93.
PVH Price Performance
Shares of PVH opened at $88.90 on Friday. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 233.95, a PEG ratio of 0.96 and a beta of 1.73. The stock has a 50 day moving average of $80.98 and a 200-day moving average of $74.14. The company has a current ratio of 1.52, a quick ratio of 0.85 and a debt-to-equity ratio of 0.48. PVH Corp. has a 52 week low of $59.60 and a 52 week high of $100.15.
PVH (NYSE:PVH – Get Free Report) last issued its earnings results on Tuesday, March 31st. The textile maker reported $3.82 EPS for the quarter, topping the consensus estimate of $3.30 by $0.52. The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.43 billion. PVH had a return on equity of 11.55% and a net margin of 0.28%.The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.27 EPS. As a group, analysts forecast that PVH Corp. will post 12.01 EPS for the current year.
PVH Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. PVH’s payout ratio is currently 39.47%.
PVH Company Profile
PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.
PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.
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