Franklin Resources Inc. Acquires 15,483 Shares of PVH Corp. (NYSE:PVH)

Franklin Resources Inc. lifted its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 5.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 276,415 shares of the textile maker's stock after acquiring an additional 15,483 shares during the period. Franklin Resources Inc. owned 0.50% of PVH worth $26,942,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PVH. Altshuler Shaham Ltd acquired a new position in shares of PVH during the second quarter valued at about $25,000. Venturi Wealth Management LLC increased its position in PVH by 63.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker's stock valued at $27,000 after buying an additional 106 shares in the last quarter. Covestor Ltd raised its stake in PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker's stock worth $41,000 after buying an additional 295 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in PVH by 116.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker's stock worth $43,000 after acquiring an additional 228 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in PVH in the third quarter valued at approximately $67,000. 97.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PVH shares. BMO Capital Markets lowered their target price on PVH from $119.00 to $106.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 28th. Morgan Stanley dropped their price objective on shares of PVH from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Friday, September 6th. Barclays lifted their price objective on shares of PVH from $142.00 to $144.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Guggenheim upped their target price on shares of PVH from $105.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $130.00 price target on shares of PVH in a research note on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $128.00.

PVH Price Performance

Shares of PVH stock traded down $2.42 during trading on Thursday, hitting $103.64. The company had a trading volume of 890,512 shares, compared to its average volume of 844,383. PVH Corp. has a 52 week low of $89.56 and a 52 week high of $141.15. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 1.10 and a beta of 2.10. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The stock's 50-day moving average is $102.85 and its two-hundred day moving average is $102.67.

PVH (NYSE:PVH - Get Free Report) last posted its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The firm had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.22 billion. During the same quarter last year, the company posted $2.90 EPS. The business's quarterly revenue was down 4.6% on a year-over-year basis. As a group, analysts predict that PVH Corp. will post 11.68 EPS for the current fiscal year.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. PVH's dividend payout ratio (DPR) is presently 1.22%.

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.