JPMorgan Chase & Co. Raises Stock Holdings in PVH Corp. (NYSE:PVH)

JPMorgan Chase & Co. grew its position in shares of PVH Corp. (NYSE:PVH - Free Report) by 82.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 253,666 shares of the textile maker's stock after purchasing an additional 114,430 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.46% of PVH worth $25,577,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. increased 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 valued at $26,942,000 after purchasing an additional 15,483 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of PVH in the 3rd quarter worth approximately $1,916,000. Teachers Retirement System of The State of Kentucky grew its stake in shares of PVH by 9.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 38,421 shares of the textile maker's stock worth $3,874,000 after buying an additional 3,219 shares during the last quarter. Barclays PLC increased its stake in PVH by 71.3% during the 3rd quarter. Barclays PLC now owns 60,495 shares of the textile maker's stock valued at $6,097,000 after purchasing an additional 25,174 shares in the last quarter. Finally, MML Investors Services LLC lifted its stake in shares of PVH by 46.7% in the third quarter. MML Investors Services LLC now owns 3,422 shares of the textile maker's stock worth $345,000 after buying an additional 1,089 shares in the last quarter. Institutional investors own 97.25% of the company's stock.

PVH Trading Down 1.5 %

Shares of PVH traded down $1.54 during midday trading on Wednesday, reaching $103.62. The company had a trading volume of 870,642 shares, compared to its average volume of 775,548. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. PVH Corp. has a 1-year low of $89.56 and a 1-year high of $141.15. The firm has a 50 day simple moving average of $105.42 and a 200-day simple moving average of $101.54. The stock has a market cap of $5.76 billion, a PE ratio of 8.44, a price-to-earnings-growth ratio of 1.10 and a beta of 2.09.

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

PVH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Wednesday, November 27th. PVH's dividend payout ratio (DPR) is currently 1.22%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Barclays boosted their target price on shares of PVH from $142.00 to $144.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Guggenheim raised their price target on PVH from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, December 6th. Bank of America lowered PVH from a "buy" rating to a "neutral" rating and decreased their price target for the company from $130.00 to $107.00 in a report on Wednesday, October 2nd. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $130.00 price objective 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. Based on data from MarketBeat, PVH has an average rating of "Moderate Buy" and an average target price of $128.00.

Insider Transactions at PVH

In other PVH news, EVP Mark D. Fischer sold 3,186 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $105.50, for a total value of $336,123.00. Following the sale, the executive vice president now directly owns 23,103 shares of the company's stock, valued at approximately $2,437,366.50. This represents a 12.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.00% of the company's stock.

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.