Bank of Montreal Can Reduces Holdings in PVH Corp. (NYSE:PVH)

Bank of Montreal Can reduced its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 88.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,676 shares of the textile maker's stock after selling 78,002 shares during the period. Bank of Montreal Can's holdings in PVH were worth $1,129,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PVH. Allspring Global Investments Holdings LLC lifted its position in PVH by 179,164.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock worth $79,705,000 after buying an additional 759,656 shares in the last quarter. Schroder Investment Management Group acquired a new stake in shares of PVH during the fourth quarter worth about $38,035,000. Channing Capital Management LLC raised its position in 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 last quarter. American Century Companies Inc. grew its holdings in 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 acquiring an additional 304,973 shares during the period. Finally, Swedbank AB boosted its position in PVH by 153.2% during the fourth quarter. Swedbank AB now owns 440,483 shares of the textile maker's stock worth $46,581,000 after purchasing an additional 266,509 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PVH shares. UBS Group reduced their price objective on shares of PVH from $172.00 to $160.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. 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. Evercore ISI lowered 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. BMO Capital Markets reduced their price target on shares of PVH from $106.00 to $93.00 and set a "market perform" rating for the company in a report on Tuesday, April 1st. Finally, Telsey Advisory Group restated an "outperform" rating and set a $90.00 price objective on shares of PVH in a research note on Tuesday, April 1st. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $105.40.

PVH Trading Up 3.4 %

Shares of NYSE:PVH traded up $2.45 during mid-day trading on Thursday, reaching $74.42. 183,399 shares of the company's stock were exchanged, compared to its average volume of 949,793. PVH Corp. has a twelve month low of $59.28 and a twelve month high of $124.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 6.05, a PEG ratio of 0.77 and a beta of 1.89. The business's fifty day moving average price is $70.03 and its 200-day moving average price is $89.15.

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

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH's dividend payout ratio (DPR) is presently 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.