South Dakota Investment Council increased its stake in PVH Corp. (NYSE:PVH – Get Rating) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,755 shares of the textile maker’s stock after buying an additional 1,600 shares during the period. South Dakota Investment Council owned 0.21% of PVH worth $15,331,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Pzena Investment Management LLC raised its stake in PVH by 3.4% in the fourth quarter. Pzena Investment Management LLC now owns 7,775,831 shares of the textile maker’s stock worth $829,292,000 after buying an additional 252,310 shares in the last quarter. Lone Pine Capital LLC raised its stake in PVH by 21.2% in the third quarter. Lone Pine Capital LLC now owns 3,297,609 shares of the textile maker’s stock worth $338,961,000 after buying an additional 577,900 shares in the last quarter. Egerton Capital UK LLP bought a new position in PVH in the third quarter worth about $259,733,000. Dimensional Fund Advisors LP raised its stake in PVH by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,797,527 shares of the textile maker’s stock worth $184,789,000 after buying an additional 9,489 shares in the last quarter. Finally, FIL Ltd raised its stake in PVH by 84.3% in the third quarter. FIL Ltd now owns 1,664,808 shares of the textile maker’s stock worth $171,125,000 after buying an additional 761,301 shares in the last quarter. 99.58% of the stock is owned by institutional investors.
A number of equities analysts have weighed in on the stock. Morgan Stanley downgraded shares of PVH from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $122.00 to $89.00 in a research note on Thursday, March 31st. The Goldman Sachs Group decreased their target price on shares of PVH from $140.00 to $121.00 and set a “buy” rating for the company in a research note on Friday, April 1st. Credit Suisse Group raised their target price on shares of PVH from $112.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, April 14th. Barclays decreased their target price on shares of PVH from $103.00 to $90.00 and set an “equal weight” rating for the company in a research note on Thursday, March 31st. Finally, Zacks Investment Research downgraded shares of PVH from a “hold” rating to a “sell” rating and set a $89.00 target price for the company. in a research note on Monday, March 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $110.29.
Shares of PVH stock traded down $2.03 on Friday, hitting $72.78. 844,817 shares of the company’s stock were exchanged, compared to its average volume of 1,740,750. The company has a 50-day simple moving average of $80.30 and a 200-day simple moving average of $97.06. The stock has a market capitalization of $4.95 billion, a PE ratio of 5.47, a PEG ratio of 1.34 and a beta of 2.20. PVH Corp. has a 1 year low of $66.10 and a 1 year high of $125.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.83 and a current ratio of 1.31.
PVH (NYSE:PVH – Get Rating) last issued its quarterly earnings results on Tuesday, March 29th. The textile maker reported $2.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.84. The business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.38 billion. PVH had a net margin of 10.40% and a return on equity of 14.34%. The company’s revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.38) EPS. On average, analysts expect that PVH Corp. will post 8.96 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 30th. Stockholders of record on Friday, March 11th were given a dividend of $0.038 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. This is an increase from PVH’s previous quarterly dividend of $0.04. The ex-dividend date was Thursday, March 10th. PVH’s dividend payout ratio (DPR) is presently 1.13%.
About PVH (Get Rating)
PVH Corp. operates as an apparel company worldwide. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products.
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