FIL Ltd Sells 27,127 Shares of PVH Corp. (NYSE:PVH)

FIL Ltd trimmed its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 837,359 shares of the textile maker's stock after selling 27,127 shares during the period. FIL Ltd owned approximately 1.51% of PVH worth $88,551,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. lifted its position in shares of PVH by 78.5% in the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock worth $30,000 after purchasing an additional 124 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in PVH in the 4th quarter valued at approximately $41,000. Allworth Financial LP purchased a new stake in PVH in the 4th quarter worth approximately $50,000. GAMMA Investing LLC lifted its holdings in shares of PVH by 36.0% during the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock valued at $52,000 after buying an additional 129 shares during the last quarter. Finally, Hoey Investments Inc. bought a new stake in PVH in the fourth quarter worth $55,000. 97.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PVH shares. Jefferies Financial Group dropped their price target on PVH from $101.00 to $80.00 and set a "hold" rating on the stock in a research report on Wednesday, April 2nd. Barclays lifted their price target on PVH from $98.00 to $103.00 and gave the company an "overweight" rating in a report on Thursday, April 3rd. Wells Fargo & Company cut PVH from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $130.00 to $105.00 in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on PVH from $91.00 to $87.00 and set a "neutral" rating for the company in a research note on Monday. Finally, Morgan Stanley dropped their target price 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. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, PVH currently has an average rating of "Moderate Buy" and an average price target of $105.40.

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PVH Stock Performance

NYSE PVH traded down $0.93 during trading on Tuesday, reaching $69.36. 214,391 shares of the company's stock were exchanged, compared to its average volume of 947,115. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $124.68. The stock has a market capitalization of $3.65 billion, a P/E ratio of 5.65, a PEG ratio of 0.77 and a beta of 1.89. The business has a 50 day moving average price of $71.22 and a 200-day moving average price of $90.39. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, topping analysts' consensus estimates of $3.19 by $0.08. The firm had revenue of $2.37 billion during 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 company's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.72 earnings per share. Sell-side analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date was Wednesday, March 5th. PVH's dividend 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.