Schroder Investment Management Group Takes Position in PVH Corp. (NYSE:PVH)

Schroder Investment Management Group acquired a new position in shares of PVH Corp. (NYSE:PVH - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 359,809 shares of the textile maker's stock, valued at approximately $38,035,000. Schroder Investment Management Group owned 0.65% of PVH as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its holdings in shares of PVH by 179,164.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock valued at $79,705,000 after acquiring an additional 759,656 shares in the last quarter. Channing Capital Management LLC raised its holdings in shares of PVH by 87.0% in the 4th quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker's stock valued at $72,015,000 after purchasing an additional 316,876 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of PVH by 203.5% in the 4th quarter. American Century Companies Inc. now owns 454,808 shares of the textile maker's stock valued at $48,096,000 after purchasing an additional 304,973 shares in the last quarter. Swedbank AB lifted its position in shares of PVH by 153.2% in the 4th quarter. Swedbank AB now owns 440,483 shares of the textile maker's stock worth $46,581,000 after purchasing an additional 266,509 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in PVH by 22.9% during the fourth quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker's stock valued at $81,852,000 after buying an additional 144,260 shares during the period. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PVH shares. Jefferies Financial Group lowered their target price on PVH from $101.00 to $80.00 and set a "hold" rating for the company in a report on Wednesday. Barclays raised their price objective on PVH from $98.00 to $103.00 and gave the company an "overweight" rating in a research report on Thursday. BMO Capital Markets cut their price objective on shares of PVH from $106.00 to $93.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 1st. The Goldman Sachs Group decreased their target price on shares of PVH from $128.00 to $109.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $90.00 price target on shares of PVH in a research report on Tuesday, April 1st. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, PVH presently has an average rating of "Moderate Buy" and an average target price of $107.40.

PVH Stock Performance

Shares of PVH stock traded up $2.00 on Friday, reaching $67.61. 3,293,623 shares of the stock were exchanged, compared to its average volume of 925,992. The business has a 50 day moving average price of $74.52 and a two-hundred day moving average price of $92.04. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 5.51, a PEG ratio of 0.77 and a beta of 1.89. PVH Corp. has a twelve month low of $61.59 and a twelve 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.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, topping analysts' consensus estimates of $3.19 by $0.08. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business's quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.72 earnings per share. Analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a dividend of $0.0375 per share. 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 currently 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.