Wellington Management Group LLP Increases Holdings in PVH Corp. (NYSE:PVH)

Wellington Management Group LLP increased its holdings in PVH Corp. (NYSE:PVH - Free Report) by 26.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 357,314 shares of the textile maker's stock after purchasing an additional 75,720 shares during the quarter. Wellington Management Group LLP owned approximately 0.64% of PVH worth $36,028,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PVH. Altshuler Shaham Ltd bought a new position in shares of PVH during the 2nd quarter valued at $25,000. Venturi Wealth Management LLC grew its position in PVH by 63.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker's stock worth $27,000 after purchasing an additional 106 shares during the period. ORG Partners LLC bought a new stake in PVH in the 2nd quarter worth approximately $42,000. Covestor Ltd lifted its stake in shares of PVH by 270.6% during the 3rd quarter. Covestor Ltd now owns 404 shares of the textile maker's stock valued at $41,000 after buying an additional 295 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in PVH by 116.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker's stock worth $43,000 after purchasing an additional 228 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

PVH Trading Up 0.5 %

PVH stock traded up $0.54 during midday trading on Friday, reaching $107.71. The stock had a trading volume of 306,024 shares, compared to its average volume of 842,378. 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 Corp. has a 52-week low of $89.56 and a 52-week high of $141.15. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 1.12 and a beta of 2.10. The company has a fifty day moving average of $101.78 and a 200 day moving average of $102.96.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings data on Wednesday, December 4th. The textile maker reported $3.03 earnings per share for the quarter, beating analysts' consensus estimates of $2.59 by $0.44. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.22 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company's revenue was down 4.6% on a year-over-year basis. During the same period last year, the business earned $2.90 EPS. On average, analysts anticipate that PVH Corp. will post 11.68 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend is Wednesday, November 27th. PVH's dividend payout ratio is currently 1.22%.

Wall Street Analyst Weigh In

PVH has been the subject of several recent research reports. StockNews.com lowered PVH from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 16th. Wells Fargo & Company lowered their price target on PVH from $145.00 to $130.00 and set an "overweight" rating for the company in a research report on Wednesday, August 28th. Guggenheim lifted their target price on PVH from $105.00 to $125.00 and gave the company a "buy" rating in a report on Friday, December 6th. Telsey Advisory Group reiterated an "outperform" rating and set a $130.00 target price on shares of PVH in a research report on Wednesday, December 4th. Finally, The Goldman Sachs Group lowered their price objective on PVH from $144.00 to $124.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $128.00.

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.