AIA Group Ltd Invests $393,000 in PVH Corp. (NYSE:PVH)

AIA Group Ltd bought a new stake in shares of PVH Corp. (NYSE:PVH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,719 shares of the textile maker's stock, valued at approximately $393,000.

A number of other large investors also recently added to or reduced their stakes in PVH. UMB Bank n.a. grew its stake in shares of 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 last quarter. Proficio Capital Partners LLC bought a new position in PVH during the 4th quarter worth approximately $41,000. Allworth Financial LP bought a new stake in PVH in the fourth quarter valued at approximately $50,000. GAMMA Investing LLC boosted its stake in shares of PVH by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock valued at $52,000 after purchasing an additional 129 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of PVH by 96.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker's stock worth $65,000 after purchasing an additional 303 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on PVH shares. The Goldman Sachs Group lowered their price target on shares of PVH from $128.00 to $109.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Jefferies Financial Group lowered their price objective on shares of PVH from $101.00 to $80.00 and set a "hold" rating for the company in a research note on Wednesday. BMO Capital Markets cut their target price on PVH from $106.00 to $93.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 1st. Morgan Stanley lowered their price target on PVH from $95.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company lowered PVH from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock 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 assigned a buy rating to the company. According to MarketBeat, PVH has a consensus rating of "Moderate Buy" and a consensus price target of $107.40.

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PVH Stock Up 3.0 %

Shares of NYSE:PVH traded up $2.00 during midday trading on Friday, reaching $67.61. The company's stock had a trading volume of 3,293,623 shares, compared to its average volume of 925,992. PVH Corp. has a 12-month low of $61.59 and a 12-month high of $124.68. The firm has a market capitalization of $3.76 billion, a P/E ratio of 5.51, a PEG ratio of 0.77 and a beta of 1.89. The firm has a 50 day moving average of $74.52 and a 200-day moving average of $92.04. 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 - Get Free Report) last announced its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, beating analysts' consensus estimates of $3.19 by $0.08. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the firm earned $3.72 earnings per share. The business's revenue for the quarter was down 4.8% on a year-over-year basis. On average, research analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.0375 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. PVH's payout ratio is presently 1.42%.

PVH 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.