PVH Corp. (NYSE:PVH) Shares Bought by Cerity Partners LLC

Cerity Partners LLC boosted its stake in PVH Corp. (NYSE:PVH - Free Report) by 122.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,342 shares of the textile maker's stock after purchasing an additional 4,592 shares during the quarter. Cerity Partners LLC's holdings in PVH were worth $868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. FMR LLC increased its stake in shares of 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 during the period. Aristides Capital LLC purchased a new stake in PVH in the fourth quarter worth about $336,000. Federated Hermes Inc. lifted its holdings in PVH by 0.8% in the fourth quarter. Federated Hermes Inc. now owns 252,678 shares of the textile maker's stock worth $26,721,000 after buying an additional 1,896 shares during the period. Russell Investments Group Ltd. lifted its holdings in PVH by 83.6% in the fourth quarter. Russell Investments Group Ltd. now owns 316,179 shares of the textile maker's stock worth $33,436,000 after buying an additional 143,994 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in PVH by 0.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker's stock worth $3,248,000 after buying an additional 152 shares during the period. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Price Performance

PVH stock traded up $2.45 during trading on Thursday, reaching $74.42. The company had a trading volume of 118,028 shares, compared to its average volume of 949,561. The firm's 50-day simple moving average is $70.03 and its 200 day simple moving average is $89.15. PVH Corp. has a 1-year low of $59.28 and a 1-year high of $124.68. The firm has a market capitalization of $3.92 billion, a PE ratio of 6.06, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89. 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 (NYSE:PVH - Get Free Report) last announced its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.08. The company had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The firm's quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.72 EPS. As a group, equities research analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. PVH's payout ratio is 1.42%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PVH shares. Barclays raised their price target on shares of PVH from $98.00 to $103.00 and gave the company an "overweight" rating in a research report on Thursday, April 3rd. Citigroup restated a "neutral" rating and set a $68.00 target price (down from $83.00) on shares of PVH in a research note on Monday, April 7th. StockNews.com downgraded PVH from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. Morgan Stanley dropped their price target on PVH from $95.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Finally, UBS Group reduced their price target on shares of PVH from $172.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, PVH presently has an average rating of "Moderate Buy" and an average price target of $105.40.

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.