PVH Corp. (NYSE:PVH) Shares Sold by Southeastern Asset Management Inc. TN

Southeastern Asset Management Inc. TN decreased its position in shares of PVH Corp. (NYSE:PVH) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 510,017 shares of the textile maker’s stock after selling 12,427 shares during the period. PVH accounts for approximately 2.5% of Southeastern Asset Management Inc. TN’s portfolio, making the stock its 15th biggest holding. Southeastern Asset Management Inc. TN owned about 0.92% of PVH worth $53,934,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of PVH by 0.4% in the fourth quarter. FMR LLC now owns 6,826,021 shares of the textile maker’s stock valued at $721,852,000 after purchasing an additional 29,578 shares during the period. Pacer Advisors Inc. increased its holdings in shares of PVH by 2.2% in the fourth quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker’s stock valued at $184,263,000 after purchasing an additional 36,719 shares during the period. LSV Asset Management increased its holdings in shares of PVH by 1.3% in the fourth quarter. LSV Asset Management now owns 1,199,238 shares of the textile maker’s stock valued at $126,819,000 after purchasing an additional 15,900 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of PVH by 22.9% in 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 purchasing an additional 144,260 shares during the period. Finally, Allspring Global Investments Holdings LLC increased 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 purchasing an additional 759,656 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.

PVH Stock Down 2.0%

PVH opened at $85.54 on Friday. The business’s fifty day moving average is $69.77 and its two-hundred day moving average is $86.70. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 0.77 and a beta of 1.81. PVH Corp. has a one year low of $59.28 and a one year high of $124.68.

PVH (NYSE:PVH) last posted its earnings results on Monday, March 31st. The textile maker reported $3.27 EPS 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 the consensus estimate of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. PVH’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.72 earnings per share. Analysts anticipate that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be given a $0.0375 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $0.15 annualized dividend and a dividend yield of 0.18%. PVH’s dividend payout ratio is currently 1.42%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Morgan Stanley dropped their target price on PVH from $95.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 2nd. UBS Group dropped their price objective on PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. Evercore ISI dropped their price objective on PVH from $139.00 to $105.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. Barclays dropped their price objective on PVH from $103.00 to $87.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Finally, Jefferies Financial Group raised PVH from a “hold” rating to a “buy” rating and upped their price objective for the stock from $70.00 to $105.00 in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $105.67.

PVH 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.