Franklin Resources Inc. Acquires 151,687 Shares of PVH Corp. (NYSE:PVH)

Franklin Resources Inc. grew its stake in PVH Corp. (NYSE:PVH - Free Report) by 54.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 428,102 shares of the textile maker's stock after acquiring an additional 151,687 shares during the period. Franklin Resources Inc. owned 0.77% of PVH worth $45,272,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on PVH. Citigroup reissued a "neutral" rating and set a $68.00 target price (down from $83.00) on shares of PVH in a report on Monday. Evercore ISI cut their target price on shares of PVH from $139.00 to $105.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. BMO Capital Markets decreased their price target on shares of PVH from $106.00 to $93.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 1st. The Goldman Sachs Group reduced their price objective on PVH from $128.00 to $109.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Finally, Morgan Stanley lowered their target price 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. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, PVH presently has an average rating of "Moderate Buy" and an average target price of $107.13.

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PVH Price Performance

PVH stock traded down $3.38 during trading hours on Thursday, reaching $67.32. 537,892 shares of the stock were exchanged, compared to its average volume of 941,939. The stock has a 50 day moving average of $71.95 and a two-hundred day moving average of $91.02. PVH Corp. has a twelve month low of $59.28 and a twelve month high of $124.68. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. The company has a market cap of $3.54 billion, a P/E ratio of 5.50, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH - Get Free Report) last released its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.19 by $0.08. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.34 billion. During the same quarter in the previous year, the business posted $3.72 earnings per share. The business's revenue for the quarter was down 4.8% on a year-over-year basis. Equities analysts expect that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors 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 dividend on an annualized basis and a yield of 0.22%. PVH's dividend payout ratio is currently 1.42%.

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.