Canada Pension Plan Investment Board Trims Holdings in PVH Corp. (NYSE:PVH)

Canada Pension Plan Investment Board lowered its holdings in PVH Corp. (NYSE:PVH - Free Report) by 64.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 37,400 shares of the textile maker's stock after selling 67,500 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.07% of PVH worth $3,955,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC raised its stake in PVH by 0.4% in the fourth quarter. FMR LLC now owns 6,826,021 shares of the textile maker's stock worth $721,852,000 after buying an additional 29,578 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of PVH by 2.2% during the 4th quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker's stock worth $184,263,000 after acquiring an additional 36,719 shares during the period. LSV Asset Management raised its position in shares of PVH by 1.3% in the 4th quarter. LSV Asset Management now owns 1,199,238 shares of the textile maker's stock worth $126,819,000 after acquiring an additional 15,900 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of PVH by 22.9% in the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock valued at $81,852,000 after purchasing an additional 144,260 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of 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 purchasing an additional 759,656 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company's stock.

PVH Price Performance

Shares of NYSE:PVH opened at $71.68 on Wednesday. The business has a 50-day simple moving average of $70.14 and a two-hundred day simple moving average of $89.27. 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 cap of $3.77 billion, a price-to-earnings ratio of 5.84, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $124.68.

PVH (NYSE:PVH - Get Free Report) last announced its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the business earned $3.72 EPS. The company's quarterly revenue was down 4.8% compared to the same quarter last year. On average, analysts expect that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was 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 1.42%.

Analysts Set New Price Targets

PVH has been the subject of a number of research reports. Citigroup reiterated a "neutral" rating and issued a $68.00 price objective (down previously from $83.00) on shares of PVH in a report on Monday, April 7th. Evercore ISI lowered their price target on shares of PVH from $139.00 to $105.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. Morgan Stanley cut their price objective on shares of PVH from $95.00 to $86.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. StockNews.com lowered shares of PVH from a "buy" rating to a "hold" rating in a report on Friday, April 18th. Finally, Barclays upped their price target on PVH from $98.00 to $103.00 and gave the stock an "overweight" rating in a research note on Thursday, April 3rd. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $105.40.

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.

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