PVH Corp. (NYSE:PVH) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its holdings in PVH Corp. (NYSE:PVH - Free Report) by 62.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,180 shares of the textile maker's stock after acquiring an additional 10,424 shares during the period. Wells Fargo & Company MN's holdings in PVH were worth $2,874,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Integrated Quantitative Investments LLC purchased a new position in shares of PVH during the 4th quarter worth approximately $354,000. Landscape Capital Management L.L.C. grew its holdings in PVH by 163.6% during the 4th quarter. Landscape Capital Management L.L.C. now owns 9,360 shares of the textile maker's stock valued at $990,000 after buying an additional 5,809 shares during the last quarter. Franklin Resources Inc. increased its position in PVH by 54.9% during the fourth quarter. Franklin Resources Inc. now owns 428,102 shares of the textile maker's stock worth $45,272,000 after buying an additional 151,687 shares in the last quarter. Hoey Investments Inc. acquired a new position in shares of PVH in the fourth quarter worth $55,000. Finally, Meeder Asset Management Inc. lifted its position in shares of PVH by 322.6% in the fourth quarter. Meeder Asset Management Inc. now owns 4,509 shares of the textile maker's stock valued at $477,000 after acquiring an additional 3,442 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

PVH Trading Up 0.5 %

NYSE PVH opened at $71.99 on Thursday. The company's fifty day simple moving average is $70.03 and its 200-day simple moving average is $89.15. The stock has a market cap of $3.79 billion, a P/E ratio of 5.86, a PEG ratio of 0.77 and a beta of 1.89. PVH Corp. has a 52 week low of $59.28 and a 52 week 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.

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 analysts' consensus estimates of $3.19 by $0.08. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.34 billion. During the same period in the prior year, the company posted $3.72 EPS. The firm's revenue for the quarter was down 4.8% on a year-over-year basis. Equities research analysts predict that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH's dividend payout ratio (DPR) is currently 1.42%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PVH. Telsey Advisory Group reissued an "outperform" rating and issued a $90.00 target price on shares of PVH in a research note on Tuesday, April 1st. BMO Capital Markets lowered 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. Barclays raised their price objective on PVH from $98.00 to $103.00 and gave the stock an "overweight" rating in a report on Thursday, April 3rd. The Goldman Sachs Group reduced their target price on PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Finally, UBS Group lowered their price target on PVH from $172.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, PVH presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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