PVH Corp. (NYSE:PVH) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in shares of PVH Corp. (NYSE:PVH - Free Report) by 22.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 774,010 shares of the textile maker's stock after purchasing an additional 144,260 shares during the quarter. Bank of New York Mellon Corp owned 1.39% of PVH worth $81,852,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PVH. Allspring Global Investments Holdings LLC grew 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 valued at $79,705,000 after buying an additional 759,656 shares during the period. Pacer Advisors Inc. boosted its stake in shares of PVH by 39.6% during the 3rd quarter. Pacer Advisors Inc. now owns 1,705,717 shares of the textile maker's stock worth $171,987,000 after acquiring an additional 483,510 shares in the last quarter. Swedbank AB grew its position in shares of PVH by 153.2% during the 4th quarter. Swedbank AB now owns 440,483 shares of the textile maker's stock valued at $46,581,000 after acquiring an additional 266,509 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of PVH by 9.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,529,119 shares of the textile maker's stock valued at $255,011,000 after purchasing an additional 208,648 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in PVH by 82.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 253,666 shares of the textile maker's stock worth $25,577,000 after purchasing an additional 114,430 shares during the period. 97.25% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of analysts have recently commented on PVH shares. The Goldman Sachs Group cut their price objective on PVH from $128.00 to $109.00 and set a "buy" rating for the company in a research report on Tuesday. StockNews.com cut shares of PVH from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. cut shares of PVH from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $149.00 to $113.00 in a research report on Friday, January 24th. Morgan Stanley dropped their target price on shares of PVH from $103.00 to $95.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company cut shares of PVH from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $130.00 to $105.00 in a research note on Monday, February 3rd. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, PVH currently has a consensus rating of "Moderate Buy" and an average price target of $118.07.

PVH Price Performance

Shares of NYSE:PVH traded up $1.37 during midday trading on Thursday, hitting $72.63. The company had a trading volume of 363,078 shares, compared to its average volume of 967,249. PVH Corp. has a twelve month low of $68.80 and a twelve month high of $141.15. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 5.91, a price-to-earnings-growth ratio of 0.77 and a beta of 2.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The business's 50-day simple moving average is $89.08 and its 200-day simple moving average is $96.76.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings results on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The firm had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.22 billion. During the same quarter in the previous year, the company posted $2.90 EPS. The company's revenue was down 4.6% compared to the same quarter last year. On average, research analysts predict that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.21%. PVH's dividend payout ratio is currently 1.22%.

Insider Activity

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the firm's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $105.50, for a total transaction of $336,123.00. Following the completion of the sale, the executive vice president now owns 23,103 shares of the company's stock, valued at $2,437,366.50. This trade represents a 12.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.00% of the company's stock.

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.