Massachusetts Financial Services Co. MA Has $226.13 Million Stock Holdings in PVH Corp. (NYSE:PVH)

Massachusetts Financial Services Co. MA cut its stake in PVH Corp. (NYSE:PVH - Free Report) by 15.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,138,373 shares of the textile maker's stock after selling 390,746 shares during the period. Massachusetts Financial Services Co. MA owned 3.84% of PVH worth $226,133,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. UMB Bank n.a. increased its position in PVH by 78.5% in the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock valued at $30,000 after acquiring an additional 124 shares during the period. GAMMA Investing LLC grew its stake in shares of PVH by 36.0% in 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 in the last quarter. Allworth Financial LP acquired a new position in shares of PVH during the fourth quarter valued at $50,000. Hoey Investments Inc. bought a new stake in shares of PVH during the fourth quarter valued at about $55,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of PVH by 96.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker's stock valued at $65,000 after purchasing an additional 303 shares in the last quarter. Institutional investors own 97.25% of the company's stock.

PVH Price Performance

Shares of PVH stock traded up $10.31 during trading hours on Wednesday, hitting $70.81. 2,937,014 shares of the company's stock were exchanged, compared to its average volume of 943,351. PVH Corp. has a 52 week low of $59.28 and a 52 week high of $124.68. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 5.77, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The stock's 50-day moving average is $71.95 and its 200-day moving average is $91.02.

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

PVH Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid 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 was Wednesday, March 5th. PVH's dividend payout ratio (DPR) is 1.42%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. BMO Capital Markets dropped their price objective on PVH from $106.00 to $93.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 1st. Morgan Stanley cut their price target on shares of PVH from $95.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Evercore ISI reduced their target price on shares of PVH from $139.00 to $105.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. UBS Group cut their price objective on PVH from $172.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. downgraded PVH from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $149.00 to $113.00 in a report on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $107.13.

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.