Barclays PLC Acquires 25,174 Shares of PVH Corp. (NYSE:PVH)

Barclays PLC lifted its holdings in PVH Corp. (NYSE:PVH - Free Report) by 71.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 60,495 shares of the textile maker's stock after purchasing an additional 25,174 shares during the quarter. Barclays PLC owned about 0.11% of PVH worth $6,097,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Altshuler Shaham Ltd bought a new stake in shares of PVH in the second quarter valued at about $25,000. Venturi Wealth Management LLC lifted its stake in PVH by 63.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker's stock valued at $27,000 after acquiring an additional 106 shares in the last quarter. Covestor Ltd boosted its position in PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker's stock worth $41,000 after acquiring an additional 295 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in PVH by 116.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker's stock worth $43,000 after acquiring an additional 228 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of PVH in the third quarter valued at approximately $67,000. 97.25% of the stock is owned by institutional investors.

PVH Stock Performance

Shares of PVH stock traded up $3.81 during midday trading on Friday, hitting $107.45. 1,504,271 shares of the company were exchanged, compared to its average volume of 847,199. The firm has a market capitalization of $5.98 billion, a P/E ratio of 8.75, a PEG ratio of 1.10 and a beta of 2.10. 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 Corp. has a 52 week low of $89.56 and a 52 week high of $141.15. The firm's 50 day moving average price is $102.85 and its two-hundred day moving average price is $102.67.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.44. The company had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.22 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business's revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.90 earnings per share. As a group, equities research analysts anticipate that PVH Corp. will post 11.68 earnings per share for the current year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Wednesday, November 27th. PVH's dividend payout ratio is currently 1.22%.

Analysts Set New Price Targets

Several research analysts recently commented on PVH shares. Bank of America cut shares of PVH from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $130.00 to $107.00 in a report on Wednesday, October 2nd. The Goldman Sachs Group lowered their target price on PVH from $144.00 to $124.00 and set a "buy" rating on the stock in a research report on Thursday, August 29th. Wells Fargo & Company reduced their price target on PVH from $145.00 to $130.00 and set an "overweight" rating for the company in a research report on Wednesday, August 28th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $130.00 price target on shares of PVH in a research report on Wednesday, December 4th. Finally, Morgan Stanley dropped their price objective on PVH from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Friday, September 6th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, PVH has a consensus rating of "Moderate Buy" and a consensus price target of $128.00.

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.