FIL Ltd Decreases Stock Position in PVH Corp. (NYSE:PVH)

FIL Ltd trimmed its position in shares of PVH Corp. (NYSE:PVH) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 837,359 shares of the textile maker’s stock after selling 27,127 shares during the period. FIL Ltd owned about 1.51% of PVH worth $88,551,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PVH. Invesco Ltd. increased its stake in PVH by 14.1% in the 4th quarter. Invesco Ltd. now owns 294,189 shares of the textile maker’s stock worth $31,111,000 after buying an additional 36,395 shares during the period. Polymer Capital Management US LLC bought a new stake in shares of PVH during the fourth quarter valued at approximately $418,000. Cerity Partners LLC raised its stake in shares of PVH by 122.5% during the fourth quarter. Cerity Partners LLC now owns 8,342 shares of the textile maker’s stock valued at $868,000 after acquiring an additional 4,592 shares in the last quarter. FMR LLC grew its stake in PVH by 0.4% in the fourth quarter. FMR LLC now owns 6,826,021 shares of the textile maker’s stock worth $721,852,000 after purchasing an additional 29,578 shares in the last quarter. Finally, Aristides Capital LLC purchased a new position in PVH during the 4th quarter worth $336,000. 97.25% of the stock is owned by hedge funds and other institutional investors.

PVH Trading Up 17.0 %

NYSE PVH opened at $70.81 on Thursday. The stock has a market cap of $3.73 billion, a P/E ratio of 5.77, a P/E/G ratio of 0.77 and a beta of 1.89. The company has a current ratio of 1.29, a quick ratio of 0.69 and a debt-to-equity ratio of 0.31. PVH Corp. has a 12-month low of $59.28 and a 12-month high of $124.68. The company has a fifty day simple moving average of $71.95 and a two-hundred day simple moving average of $91.02.

PVH (NYSE:PVH) last posted its quarterly earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.08. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the business earned $3.72 EPS. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, analysts forecast that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.21%. The ex-dividend date was Wednesday, March 5th. PVH’s payout ratio is 1.42%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PVH. Morgan Stanley dropped their price target on PVH from $95.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Barclays raised their target price on shares of PVH from $98.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, April 3rd. Evercore ISI lowered their price target on shares of PVH from $139.00 to $105.00 and set an “outperform” rating for the company in a research report on Tuesday, April 1st. Telsey Advisory Group reissued an “outperform” rating and issued a $90.00 price objective on shares of PVH in a research note on Tuesday, April 1st. Finally, Citigroup reaffirmed a “neutral” rating and set a $68.00 target price (down previously from $83.00) on shares of PVH in a research report on Monday. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.13.

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.