Barclays PLC Purchases 18,640 Shares of PVH Corp. (NYSE:PVH)

Barclays PLC grew its holdings in PVH Corp. (NYSE:PVH - Free Report) by 30.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 79,135 shares of the textile maker's stock after purchasing an additional 18,640 shares during the period. Barclays PLC owned about 0.14% of PVH worth $8,369,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its stake in shares of PVH by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker's stock valued at $66,375,000 after buying an additional 4,645 shares in the last quarter. Bank of New York Mellon Corp increased 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 purchasing an additional 144,260 shares during the last quarter. Clark Estates Inc. NY bought a new stake in shares of PVH in the 4th quarter valued at about $2,855,000. Citizens Financial Group Inc. RI acquired a new stake in PVH in the 4th quarter valued at about $466,000. Finally, Allspring Global Investments Holdings LLC increased its position in PVH by 179,164.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock worth $79,705,000 after buying an additional 759,656 shares during the last quarter. Institutional investors own 97.25% of the company's stock.

PVH Price Performance

NYSE:PVH traded down $0.47 on Tuesday, hitting $70.64. The company had a trading volume of 98,566 shares, compared to its average volume of 950,444. The firm has a 50 day moving average of $69.66 and a two-hundred day moving average of $88.54. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 5.74, a PEG ratio of 0.77 and a beta of 1.89. PVH Corp. has a 52 week low of $59.28 and a 52 week high of $124.68. 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 (NYSE:PVH - Get Free Report) last announced its earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, beating the consensus estimate of $3.19 by $0.08. The business had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.34 billion. PVH had a return on equity of 13.66% and a net margin of 8.13%. The firm's revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.72 earnings per share. On average, research analysts anticipate 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 issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date was Wednesday, March 5th. PVH's payout ratio is presently 1.42%.

Analyst Ratings Changes

PVH has been the subject of several research reports. JPMorgan Chase & Co. cut their price target on PVH from $91.00 to $87.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Evercore ISI decreased their target price on PVH from $139.00 to $105.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. Morgan Stanley dropped their price target on PVH from $95.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Citigroup restated a "neutral" rating and issued a $68.00 price target (down from $83.00) on shares of PVH in a research note on Monday, April 7th. Finally, UBS Group dropped their price objective on shares of PVH from $172.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, PVH has an average rating of "Moderate Buy" and an average target price of $104.33.

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.