Geode Capital Management LLC Sells 3,132 Shares of PVH Corp. (NYSE:PVH)

Geode Capital Management LLC lessened its stake in shares of PVH Corp. (NYSE:PVH) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 957,861 shares of the textile maker’s stock after selling 3,132 shares during the period. Geode Capital Management LLC owned 1.72% of PVH worth $101,324,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PVH. Allspring Global Investments Holdings LLC increased its stake in PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after acquiring an additional 759,656 shares during the period. Schroder Investment Management Group bought a new position in shares of PVH in the 4th quarter valued at $38,035,000. Channing Capital Management LLC increased its stake in shares of PVH by 87.0% in the 4th quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker’s stock valued at $72,015,000 after purchasing an additional 316,876 shares during the last quarter. American Century Companies Inc. increased its stake in shares of PVH by 203.5% in the 4th quarter. American Century Companies Inc. now owns 454,808 shares of the textile maker’s stock valued at $48,096,000 after purchasing an additional 304,973 shares during the last quarter. Finally, Swedbank AB increased its stake in shares of PVH by 153.2% in the 4th quarter. Swedbank AB now owns 440,483 shares of the textile maker’s stock valued at $46,581,000 after purchasing an additional 266,509 shares during the last quarter. Institutional investors own 97.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PVH. StockNews.com upgraded PVH from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. JPMorgan Chase & Co. lowered PVH from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $149.00 to $113.00 in a research note on Friday, January 24th. Jefferies Financial Group decreased their price target on PVH from $101.00 to $80.00 and set a “hold” rating on the stock in a research note on Wednesday, April 2nd. Evercore ISI cut their price objective on PVH from $139.00 to $105.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. Finally, The Goldman Sachs Group cut their price objective on PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.13.

PVH Stock Up 17.0 %

Shares of PVH opened at $70.81 on Thursday. The company has a market capitalization of $3.73 billion, a PE ratio of 5.77, a PEG ratio of 0.77 and a beta of 1.89. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $124.68. The stock’s 50-day moving average price is $71.95 and its two-hundred day moving average price is $91.02. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31.

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

PVH Dividend Announcement

The firm 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 0.21%. The ex-dividend date was Wednesday, March 5th. PVH’s dividend payout ratio is 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.