Brandywine Global Investment Management LLC Purchases 22,482 Shares of PVH Corp. (NYSE:PVH)

Brandywine Global Investment Management LLC lifted its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 80.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,485 shares of the textile maker's stock after buying an additional 22,482 shares during the period. Brandywine Global Investment Management LLC owned about 0.09% of PVH worth $5,339,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings 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 purchasing an additional 759,656 shares during the last quarter. Schroder Investment Management Group bought a new position in shares of PVH during the 4th quarter worth approximately $38,035,000. Channing Capital Management LLC boosted its stake in shares of PVH by 87.0% in 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 shares of PVH by 203.5% in the fourth quarter. American Century Companies Inc. now owns 454,808 shares of the textile maker's stock valued at $48,096,000 after acquiring an additional 304,973 shares in the last quarter. Finally, Swedbank AB increased its position in shares of PVH by 153.2% during the fourth 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 last quarter. Institutional investors own 97.25% of the company's stock.

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Wall Street Analysts Forecast Growth

PVH has been the topic of several research analyst reports. Evercore ISI cut their price objective on PVH from $139.00 to $105.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. The Goldman Sachs Group reduced their price target on shares of PVH from $128.00 to $109.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Barclays lifted their price objective on shares of PVH from $98.00 to $103.00 and gave the stock an "overweight" rating in a research report on Thursday. Jefferies Financial Group reduced their target price on shares of PVH from $101.00 to $80.00 and set a "hold" rating for the company in a research report on Wednesday. Finally, UBS Group lowered their price target on shares of PVH from $172.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $107.40.

PVH Price Performance

PVH stock traded up $2.00 during mid-day trading on Friday, reaching $67.61. 3,293,623 shares of the company traded hands, compared to its average volume of 925,992. PVH Corp. has a 52-week low of $61.59 and a 52-week high of $124.68. The company has a market capitalization of $3.76 billion, a P/E ratio of 5.51, a P/E/G ratio of 0.77 and a beta of 1.89. 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 company has a fifty day moving average price of $74.52 and a 200-day moving average price of $92.04.

PVH (NYSE:PVH - Get Free Report) last posted its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the firm posted $3.72 EPS. PVH's revenue was down 4.8% on a year-over-year basis. As a group, 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. Investors of record on Wednesday, March 5th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.22%. The ex-dividend date was Wednesday, March 5th. PVH's payout ratio is 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.