PVH Corp. (NYSE:PVH) Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its holdings in shares of PVH Corp. (NYSE:PVH) by 10.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,953 shares of the textile maker’s stock after acquiring an additional 844 shares during the quarter. Pictet Asset Management Holding SA’s holdings in PVH were worth $947,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Pacer Advisors Inc. raised its holdings in PVH by 2.2% in the 4th quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker’s stock valued at $184,263,000 after buying an additional 36,719 shares during the period. Bank of New York Mellon Corp increased its position in shares of PVH by 22.9% during 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 acquiring an additional 144,260 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of 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 valued at $79,705,000 after acquiring an additional 759,656 shares during the period. Channing Capital Management LLC lifted its holdings in shares of PVH by 87.0% in the 4th quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker’s stock worth $72,015,000 after acquiring an additional 316,876 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of PVH by 0.7% during 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. Institutional investors and hedge funds own 97.25% of the company’s stock.

Wall Street Analyst Weigh In

PVH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered PVH from an “overweight” rating to a “neutral” rating and cut their target price for the company from $149.00 to $113.00 in a research report on Friday, January 24th. UBS Group decreased their target price on PVH from $172.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. BMO Capital Markets dropped their target price on PVH from $106.00 to $93.00 and set a “market perform” rating for the company in a research report on Tuesday, April 1st. Morgan Stanley reduced their price target on shares of PVH from $95.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Finally, Jefferies Financial Group dropped their price objective on shares of PVH from $101.00 to $80.00 and set a “hold” rating for the company in a report on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $107.40.

PVH Stock Up 3.0 %

PVH stock opened at $67.61 on Monday. The stock’s fifty day moving average is $74.52 and its two-hundred day moving average is $92.04. The stock has a market cap of $3.76 billion, a PE ratio of 5.51, a P/E/G ratio of 0.77 and a beta of 1.89. PVH Corp. has a 1-year low of $61.59 and a 1-year high of $124.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69.

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

PVH Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors 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 0.22%. PVH’s dividend payout ratio (DPR) is presently 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.