Invesco Ltd. Increases Stake in PVH Corp. (NYSE:PVH)

Invesco Ltd. lifted its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 14.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 294,189 shares of the textile maker's stock after acquiring an additional 36,395 shares during the quarter. Invesco Ltd. owned 0.53% of PVH worth $31,111,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of PVH by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker's stock worth $66,375,000 after purchasing an additional 4,645 shares during the period. Bank of New York Mellon Corp boosted its stake in PVH by 22.9% in the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock valued at $81,852,000 after acquiring an additional 144,260 shares during the last quarter. Clark Estates Inc. NY bought a new position in shares of PVH during the 4th quarter valued at approximately $2,855,000. Citizens Financial Group Inc. RI purchased a new stake in shares of PVH during the 4th quarter worth approximately $466,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of PVH by 179,164.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock worth $79,705,000 after purchasing an additional 759,656 shares during the period. 97.25% of the stock is currently owned by institutional investors.

PVH Price Performance

PVH stock traded up $2.63 during midday trading on Wednesday, hitting $74.29. 181,559 shares of the company's stock were exchanged, compared to its average volume of 1,346,811. The company has a market cap of $3.91 billion, a P/E ratio of 6.05, a PEG 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. The stock has a 50-day moving average price of $70.14 and a two-hundred day moving average price of $89.27. PVH Corp. has a 52-week low of $59.28 and a 52-week high of $124.68.

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 company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. PVH's revenue was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.72 earnings per share. On average, equities research analysts forecast that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Announces Dividend

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

Wall Street Analysts Forecast Growth

PVH has been the subject of several research reports. StockNews.com lowered PVH from a "buy" rating to a "hold" rating in a report on Friday, April 18th. Wells Fargo & Company lowered PVH from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $130.00 to $105.00 in a report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective on shares of PVH from $91.00 to $87.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. BMO Capital Markets reduced their target price on shares of PVH from $106.00 to $93.00 and set a "market perform" rating for the company in a research note on Tuesday, April 1st. Finally, Jefferies Financial Group dropped their price target on shares of PVH from $101.00 to $80.00 and set a "hold" rating on the stock in a research note on Wednesday, April 2nd. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, PVH has a consensus rating of "Moderate Buy" and a consensus target price of $105.40.

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.