Franklin Resources Inc. Has $26.94 Million Holdings in PVH Corp. (NYSE:PVH)

Franklin Resources Inc. increased its position in shares of PVH Corp. (NYSE:PVH) by 5.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 276,415 shares of the textile maker’s stock after purchasing an additional 15,483 shares during the period. Franklin Resources Inc. owned about 0.50% of PVH worth $26,942,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new position in shares of PVH in the 2nd quarter valued at $25,000. Venturi Wealth Management LLC increased its stake in PVH by 63.9% in the third quarter. Venturi Wealth Management LLC now owns 272 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 106 shares during the period. Covestor Ltd raised its position in PVH by 270.6% in the third quarter. Covestor Ltd now owns 404 shares of the textile maker’s stock worth $41,000 after purchasing an additional 295 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in PVH by 116.3% during the third 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 during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in PVH in the 3rd quarter valued at $67,000. 97.25% of the stock is owned by institutional investors.

PVH Price Performance

Shares of PVH opened at $106.06 on Thursday. 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 twelve month low of $89.56 and a twelve month high of $141.15. The stock has a market capitalization of $5.90 billion, a P/E ratio of 8.64, a P/E/G ratio of 1.10 and a beta of 2.10. The company has a 50 day moving average of $102.69 and a 200-day moving average of $102.67.

PVH (NYSE:PVH) last announced its earnings results on Wednesday, December 4th. The textile maker reported $3.03 EPS for the quarter, topping the consensus estimate of $2.59 by $0.44. PVH had a net margin of 8.13% and a return on equity of 13.66%. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the prior year, the company posted $2.90 earnings per share. The firm’s revenue was down 4.6% on a year-over-year basis. As a group, equities research analysts forecast that PVH Corp. will post 11.68 EPS for the current fiscal year.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date was Wednesday, November 27th. PVH’s dividend payout ratio is currently 1.22%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PVH shares. BMO Capital Markets reduced their target price on PVH from $119.00 to $106.00 and set a “market perform” rating on the stock in a report on Wednesday, August 28th. Wells Fargo & Company reduced their target price on PVH from $145.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, August 28th. Barclays boosted their price objective on shares of PVH from $142.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, December 9th. The Goldman Sachs Group reduced their price target on shares of PVH from $144.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $130.00 price objective on shares of PVH in a research note on Wednesday, December 4th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.00.

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.