Legal & General Group Plc Sells 6,107 Shares of PVH Corp. (NYSE:PVH)

Legal & General Group Plc lessened its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 132,353 shares of the textile maker's stock after selling 6,107 shares during the quarter. Legal & General Group Plc owned approximately 0.24% of PVH worth $13,996,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. increased its position in shares of PVH by 78.5% during the 4th quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock worth $30,000 after purchasing an additional 124 shares in the last quarter. GAMMA Investing LLC boosted its stake 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 during the last quarter. Allworth Financial LP bought a new position in shares of PVH in the 4th quarter valued at about $50,000. Hoey Investments Inc. acquired a new position in PVH in the 4th quarter valued at about $55,000. Finally, Smartleaf Asset Management LLC boosted its holdings in PVH by 96.5% in the 4th 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 during the period. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PVH has been the topic of several recent research reports. Jefferies Financial Group cut their price objective on PVH from $101.00 to $80.00 and set a "hold" rating on the stock in a report on Wednesday, April 2nd. BMO Capital Markets decreased their price objective on shares of PVH from $106.00 to $93.00 and set a "market perform" rating for the company in a report on Tuesday, April 1st. Barclays upped their price target on PVH from $98.00 to $103.00 and gave the company an "overweight" rating in a research report on Thursday, April 3rd. StockNews.com cut PVH from a "buy" rating to a "hold" rating in a report on Friday. Finally, JPMorgan Chase & Co. dropped their target price on shares of PVH from $91.00 to $87.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $105.40.

PVH Price Performance

NYSE PVH traded up $1.09 on Friday, reaching $68.83. 1,035,707 shares of the stock traded hands, compared to its average volume of 951,855. PVH Corp. has a 12 month low of $59.28 and a 12 month high of $124.68. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The firm's fifty day simple moving average is $70.42 and its 200 day simple moving average is $89.66. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 5.61, a P/E/G ratio of 0.77 and a beta of 1.89.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings results 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 return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the company posted $3.72 EPS. PVH's revenue for the quarter was down 4.8% on a year-over-year basis. As a group, 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. Shareholders of record on Wednesday, March 5th were given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH's dividend payout ratio is 1.42%.

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.