Russell Investments Group Ltd. Has $33.44 Million Stock Position in PVH Corp. (NYSE:PVH)

Russell Investments Group Ltd. lifted its holdings in PVH Corp. (NYSE:PVH - Free Report) by 83.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 316,179 shares of the textile maker's stock after purchasing an additional 143,994 shares during the quarter. Russell Investments Group Ltd. owned 0.57% of PVH worth $33,436,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. UMB Bank n.a. grew 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 buying an additional 124 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of PVH in the fourth quarter valued at approximately $41,000. Allworth Financial LP acquired a new position in shares of PVH during the fourth quarter valued at approximately $50,000. GAMMA Investing LLC raised its holdings in PVH by 36.0% during 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. Finally, Hoey Investments Inc. acquired a new stake in PVH in the fourth quarter worth approximately $55,000. 97.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on PVH shares. BMO Capital Markets cut their price objective on PVH from $106.00 to $93.00 and set a "market perform" rating for the company in a report on Tuesday, April 1st. Evercore ISI reduced 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. Jefferies Financial Group dropped their target price on shares of PVH from $101.00 to $80.00 and set a "hold" rating on the stock in a report on Wednesday, April 2nd. The Goldman Sachs Group reduced their target price on shares of PVH from $128.00 to $109.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Finally, Barclays increased their price objective on PVH from $98.00 to $103.00 and gave the company an "overweight" rating in a research report on Thursday, April 3rd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $107.13.

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PVH Stock Down 0.6 %

Shares of PVH stock traded down $0.41 on Friday, hitting $68.74. The company's stock had a trading volume of 1,635,856 shares, compared to its average volume of 947,469. 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 has a market capitalization of $3.62 billion, a price-to-earnings ratio of 5.60, a P/E/G ratio of 0.77 and a beta of 1.89. 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 price is $71.39 and its 200-day moving average price is $90.60.

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 (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the company posted $3.72 EPS. The firm's revenue was down 4.8% on a year-over-year basis. Research analysts anticipate that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a $0.0375 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.22%. PVH's payout ratio is presently 1.42%.

PVH 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.