Invesco Ltd. Acquires 36,395 Shares of PVH Corp. (NYSE:PVH)

Invesco Ltd. grew its holdings in PVH Corp. (NYSE:PVH) by 14.1% in the fourth quarter, Holdings Channel reports. The firm owned 294,189 shares of the textile maker’s stock after buying an additional 36,395 shares during the quarter. Invesco Ltd.’s holdings in PVH were worth $31,111,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. MML Investors Services LLC increased its holdings in PVH by 46.7% in the 3rd quarter. MML Investors Services LLC now owns 3,422 shares of the textile maker’s stock worth $345,000 after buying an additional 1,089 shares in the last quarter. Barclays PLC grew its stake in shares of PVH by 71.3% in the third quarter. Barclays PLC now owns 60,495 shares of the textile maker’s stock worth $6,097,000 after acquiring an additional 25,174 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of PVH during the third quarter valued at approximately $1,916,000. Franklin Resources Inc. lifted its position in PVH by 5.9% during the third quarter. Franklin Resources Inc. now owns 276,415 shares of the textile maker’s stock valued at $26,942,000 after purchasing an additional 15,483 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in PVH by 82.2% in the third quarter. JPMorgan Chase & Co. now owns 253,666 shares of the textile maker’s stock worth $25,577,000 after purchasing an additional 114,430 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

PVH Trading Up 1.6 %

Shares of PVH stock opened at $68.83 on Friday. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $124.68. 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 capitalization of $3.62 billion, a P/E ratio of 5.61, a P/E/G ratio of 0.77 and a beta of 1.89. The company has a fifty day moving average of $70.61 and a 200 day moving average of $89.86.

PVH (NYSE:PVH) last released its quarterly earnings data 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 firm had revenue of $2.37 billion during 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 quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.72 earnings per share. On average, sell-side analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on PVH from $91.00 to $87.00 and set a “neutral” rating on the stock in a report on Monday. BMO Capital Markets lowered their target price on PVH from $106.00 to $93.00 and set a “market perform” rating on the stock in a report on Tuesday, April 1st. StockNews.com raised PVH from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Jefferies Financial Group reduced their price target on shares of PVH from $101.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company downgraded shares of PVH from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $130.00 to $105.00 in a report on Monday, February 3rd. Seven research 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 stock has an average rating of “Moderate Buy” and a consensus price target of $105.40.

About PVH

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.