LSV Asset Management Boosts Holdings in PVH Corp. (NYSE:PVH)

LSV Asset Management increased its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,199,238 shares of the textile maker's stock after purchasing an additional 15,900 shares during the quarter. LSV Asset Management owned 2.16% of PVH worth $126,819,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings in PVH by 78.5% during 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. Proficio Capital Partners LLC bought a new position in shares of PVH in the fourth quarter worth about $41,000. Allworth Financial LP bought a new stake in PVH during the 4th quarter valued at about $50,000. GAMMA Investing LLC grew its position in shares of PVH by 36.0% during the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock worth $52,000 after buying an additional 129 shares in the last quarter. Finally, Hoey Investments Inc. purchased a new position in PVH during the 4th quarter valued at about $55,000. Hedge funds and other institutional investors own 97.25% of the company's stock.

PVH Stock Performance

PVH stock traded down $1.78 during mid-day trading on Tuesday, reaching $68.51. 1,061,945 shares of the company traded hands, compared to its average volume of 950,723. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $124.68. The firm's fifty day moving average is $71.22 and its two-hundred day moving average is $90.39. 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 company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 5.58, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89.

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PVH (NYSE:PVH - Get Free Report) last issued its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. The firm's quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the business posted $3.72 EPS. On average, equities research analysts expect that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.15 annualized dividend and a yield of 0.22%. PVH's dividend payout ratio (DPR) is presently 1.42%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PVH. Wells Fargo & Company downgraded shares of PVH from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $130.00 to $105.00 in a research note on Monday, February 3rd. Barclays increased their target price on PVH from $98.00 to $103.00 and gave the company an "overweight" rating in a research report on Thursday, April 3rd. Telsey Advisory Group reissued an "outperform" rating and issued a $90.00 price target on shares of PVH in a research report on Tuesday, April 1st. Jefferies Financial Group cut their target price on PVH from $101.00 to $80.00 and set a "hold" rating on the stock in a research note on Wednesday, April 2nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of PVH from $91.00 to $87.00 and set a "neutral" rating for the company in a research report on Monday. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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.