First Trust Advisors LP Purchases 67,585 Shares of PVH Corp. (NYSE:PVH)

First Trust Advisors LP lifted its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 27.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 313,176 shares of the textile maker's stock after buying an additional 67,585 shares during the period. First Trust Advisors LP owned about 0.56% of PVH worth $33,118,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Barclays PLC grew its holdings in shares of PVH by 71.3% during the third quarter. Barclays PLC now owns 60,495 shares of the textile maker's stock worth $6,097,000 after purchasing an additional 25,174 shares during the last quarter. Franklin Resources Inc. grew its holdings in PVH by 5.9% during the 3rd quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker's stock worth $26,942,000 after acquiring an additional 15,483 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of PVH by 82.2% during the third quarter. JPMorgan Chase & Co. now owns 253,666 shares of the textile maker's stock valued at $25,577,000 after acquiring an additional 114,430 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of PVH by 36.0% during the fourth quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock worth $52,000 after purchasing an additional 129 shares during the period. Finally, Central Pacific Bank Trust Division grew its stake in shares of PVH by 15.9% in the fourth quarter. Central Pacific Bank Trust Division now owns 1,750 shares of the textile maker's stock worth $185,000 after purchasing an additional 240 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors.

PVH Stock Down 2.6 %

Shares of NYSE PVH traded down $1.90 during mid-day trading on Monday, reaching $71.04. 1,067,784 shares of the company's stock traded hands, compared to its average volume of 953,782. 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 Corp. has a 1-year low of $59.28 and a 1-year high of $124.68. The stock has a market cap of $3.74 billion, a P/E ratio of 5.79, a PEG ratio of 0.77 and a beta of 1.89. The business has a 50-day simple moving average of $69.83 and a 200 day simple moving average of $88.72.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, topping the consensus estimate of $3.19 by $0.08. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The company's quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.72 earnings per share. On average, analysts expect that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The business also recently announced 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. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH's dividend payout ratio is currently 1.42%.

Analysts Set New Price Targets

PVH has been the topic of a number of analyst reports. Telsey Advisory Group reiterated an "outperform" rating and issued a $90.00 price target on shares of PVH in a research report on Tuesday, April 1st. Morgan Stanley decreased their target price on shares of PVH from $95.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. Evercore ISI dropped their price target on shares of PVH from $139.00 to $105.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. Citigroup reissued a "neutral" rating and set a $68.00 target price (down previously from $83.00) on shares of PVH in a research note on Monday, April 7th. Finally, StockNews.com cut shares of PVH from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.33.

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.