PVH Corp. (NYSE:PVH) Shares Acquired by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 40.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 63,110 shares of the textile maker's stock after acquiring an additional 18,283 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.11% of PVH worth $6,674,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. raised its stake in PVH by 2.2% during the fourth quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker's stock worth $184,263,000 after purchasing an additional 36,719 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of PVH by 22.9% during the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock worth $81,852,000 after buying an additional 144,260 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of PVH by 179,164.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock valued at $79,705,000 after buying an additional 759,656 shares during the period. Channing Capital Management LLC lifted its holdings in PVH by 87.0% in the fourth quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker's stock valued at $72,015,000 after acquiring an additional 316,876 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in PVH by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker's stock worth $66,375,000 after acquiring an additional 4,645 shares during the period. Institutional investors and hedge funds own 97.25% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have commented on the company. StockNews.com upgraded PVH from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. JPMorgan Chase & Co. lowered shares of PVH from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $149.00 to $113.00 in a report on Friday, January 24th. Barclays increased their target price on shares of PVH from $98.00 to $103.00 and gave the stock an "overweight" rating in a research note on Thursday, April 3rd. BMO Capital Markets reduced their price target on shares of PVH from $106.00 to $93.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 1st. Finally, Evercore ISI lowered their price objective on shares of PVH from $139.00 to $105.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, PVH has a consensus rating of "Moderate Buy" and a consensus target price of $107.13.

PVH Stock Down 0.6 %

Shares of NYSE PVH traded down $0.41 during mid-day trading on Friday, hitting $68.74. The company had a trading volume of 1,635,856 shares, compared to its average volume of 947,992. The company has a market capitalization of $3.62 billion, a PE ratio of 5.60, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89. The business's 50-day simple moving average is $71.39 and its 200 day simple moving average is $90.65. PVH Corp. has a 1-year low of $59.28 and a 1-year high of $124.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69.

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

PVH Dividend Announcement

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

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.