PVH Corp. (NYSE:PVH) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. grew its position in PVH Corp. (NYSE:PVH) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 252,678 shares of the textile maker’s stock after acquiring an additional 1,896 shares during the period. Federated Hermes Inc. owned about 0.45% of PVH worth $26,721,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in PVH by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker’s stock worth $66,375,000 after purchasing an additional 4,645 shares during the period. Bank of New York Mellon Corp raised its stake in shares of PVH by 22.9% during the 4th quarter. Bank of New York Mellon Corp now owns 774,010 shares of the textile maker’s stock worth $81,852,000 after buying an additional 144,260 shares during the period. Clark Estates Inc. NY purchased a new position in shares of PVH during the 4th quarter valued at approximately $2,855,000. Citizens Financial Group Inc. RI acquired a new stake in PVH in the 4th quarter valued at $466,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in PVH by 179,164.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker’s stock worth $79,705,000 after acquiring an additional 759,656 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of PVH from $128.00 to $109.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Jefferies Financial Group lowered their price objective on PVH from $101.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday, April 2nd. JPMorgan Chase & Co. cut PVH from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $149.00 to $113.00 in a report on Friday, January 24th. Citigroup reaffirmed a “neutral” rating and issued a $68.00 price target (down from $83.00) on shares of PVH in a research note on Monday. Finally, BMO Capital Markets reduced their price objective on PVH from $106.00 to $93.00 and set a “market perform” rating for the company in a research note on Tuesday, April 1st. 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, PVH currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.13.

PVH Stock Down 8.6 %

Shares of NYSE PVH opened at $60.28 on Wednesday. The company has a market capitalization of $3.35 billion, a P/E ratio of 4.91, a P/E/G ratio of 0.77 and a beta of 1.89. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The company has a 50 day simple moving average of $72.76 and a 200-day simple moving average of $91.34. PVH Corp. has a 1 year low of $59.27 and a 1 year high of $124.68.

PVH (NYSE:PVH) last posted its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the firm earned $3.72 earnings per share. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, equities research analysts predict that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a $0.0375 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.15 dividend on an annualized basis and a yield of 0.25%. PVH’s payout ratio is currently 1.42%.

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.