Alliancebernstein L.P. Has $88.22 Million Stake in PVH Corp. (NYSE:PVH)

Alliancebernstein L.P. trimmed its position in PVH Corp. (NYSE:PVH - Free Report) by 1.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 834,193 shares of the textile maker's stock after selling 15,226 shares during the period. Alliancebernstein L.P. owned about 1.50% of PVH worth $88,216,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in PVH by 179,164.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock valued at $79,705,000 after acquiring an additional 759,656 shares during the last quarter. Schroder Investment Management Group bought a new position in shares of PVH in the 4th quarter valued at about $38,035,000. Channing Capital Management LLC grew its position in shares of PVH by 87.0% during the 4th quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker's stock worth $72,015,000 after buying an additional 316,876 shares during the period. American Century Companies Inc. raised its stake in shares of PVH by 203.5% during the fourth quarter. American Century Companies Inc. now owns 454,808 shares of the textile maker's stock worth $48,096,000 after buying an additional 304,973 shares during the last quarter. Finally, Swedbank AB lifted its holdings in PVH by 153.2% in the fourth quarter. Swedbank AB now owns 440,483 shares of the textile maker's stock valued at $46,581,000 after buying an additional 266,509 shares during the period. 97.25% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

PVH has been the topic of several recent research reports. UBS Group reduced their price target on PVH from $172.00 to $160.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. BMO Capital Markets lowered their price objective on shares of PVH from $106.00 to $93.00 and set a "market perform" rating for the company in a research report on Tuesday, April 1st. Jefferies Financial Group dropped their target price on PVH from $101.00 to $80.00 and set a "hold" rating on the stock in a research report on Wednesday, April 2nd. Morgan Stanley dropped their target price on PVH from $95.00 to $86.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $90.00 price target on shares of PVH in a research report on Tuesday, April 1st. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $107.13.

PVH Stock Performance

Shares of PVH stock traded up $0.00 during midday trading on Tuesday, hitting $65.98. 585,234 shares of the company were exchanged, compared to its average volume of 1,310,696. PVH Corp. has a 52 week low of $61.58 and a 52 week high of $124.68. The firm has a market capitalization of $3.67 billion, a P/E ratio of 5.37, a PEG ratio of 0.77 and a beta of 1.89. The firm's 50 day moving average price is $74.03 and its two-hundred day moving average price is $91.82. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

PVH (NYSE:PVH - Get Free Report) last released its quarterly 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 business had revenue of $2.37 billion during 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 quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.72 EPS. As a group, equities research analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The firm also recently announced 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 0.23%. PVH's dividend payout ratio is presently 1.42%.

About PVH

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.