Fmr LLC Acquires 29,578 Shares of PVH Corp. (NYSE:PVH)

Fmr LLC increased its holdings in shares of PVH Corp. (NYSE:PVH) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,826,021 shares of the textile maker’s stock after acquiring an additional 29,578 shares during the quarter. Fmr LLC owned approximately 0.12% of PVH worth $721,852,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. UMB Bank n.a. grew its position in PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock valued at $30,000 after buying an additional 124 shares during the period. GAMMA Investing LLC increased its stake in shares of PVH by 36.0% during the 4th 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. Allworth Financial LP bought a new stake in shares of PVH in the 4th quarter worth approximately $50,000. Hoey Investments Inc. purchased a new position in PVH in the fourth quarter valued at approximately $55,000. Finally, Smartleaf Asset Management LLC grew its holdings in PVH by 96.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker’s stock valued at $65,000 after purchasing an additional 303 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Analyst Ratings Changes

PVH has been the subject of several recent research reports. Evercore ISI decreased their price objective on PVH from $139.00 to $105.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st. JPMorgan Chase & Co. downgraded shares of PVH from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $149.00 to $113.00 in a research note on Friday, January 24th. Jefferies Financial Group cut their price objective on shares of PVH from $101.00 to $80.00 and set a “hold” rating for the company in a report on Wednesday, April 2nd. The Goldman Sachs Group lowered their target price on shares of PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Finally, Wells Fargo & Company cut PVH from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $130.00 to $105.00 in a research report on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, PVH presently has an average rating of “Moderate Buy” and an average price target of $107.13.

PVH Stock Performance

PVH stock opened at $60.28 on Wednesday. The firm has a fifty day simple moving average of $72.76 and a two-hundred day simple moving average of $91.34. PVH Corp. has a twelve month low of $59.27 and a twelve month high of $124.68. The company has a market capitalization of $3.35 billion, a PE ratio of 4.91, a P/E/G ratio of 0.77 and a beta of 1.89. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31.

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

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.15 annualized dividend and a yield of 0.25%. PVH’s payout ratio is currently 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.