PVH Corp. (NYSE:PVH) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. raised its position in PVH Corp. (NYSE:PVH) by 54.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 428,102 shares of the textile maker’s stock after acquiring an additional 151,687 shares during the quarter. Franklin Resources Inc.’s holdings in PVH were worth $45,272,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. UMB Bank n.a. increased its stake in shares of PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker’s stock worth $30,000 after acquiring an additional 124 shares during the period. Proficio Capital Partners LLC acquired a new position in PVH during the 4th quarter worth approximately $41,000. Allworth Financial LP acquired a new position in PVH during the 4th quarter worth approximately $50,000. GAMMA Investing LLC lifted its holdings in shares of PVH by 36.0% in the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker’s stock valued at $52,000 after buying an additional 129 shares during the period. Finally, Hoey Investments Inc. purchased a new stake in shares of PVH in the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Stock Performance

Shares of PVH opened at $67.61 on Friday. PVH Corp. has a 1 year low of $61.59 and a 1 year high of $124.68. The company’s 50 day simple moving average is $74.52 and its 200 day simple moving average is $92.10. The company 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. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29.

PVH (NYSE:PVH) last issued its quarterly earnings results 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 company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.72 EPS. On average, sell-side analysts predict that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Wednesday, March 5th. PVH’s dividend payout ratio is currently 1.42%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. StockNews.com upgraded PVH from a “hold” rating to a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. cut shares of PVH from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $149.00 to $113.00 in a research note on Friday, January 24th. UBS Group decreased their price objective on shares of PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $90.00 target price on shares of PVH in a report on Tuesday. Finally, Morgan Stanley decreased their price target on PVH from $95.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.40.

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.