Canada Pension Plan Investment Board Cuts Stake in PVH Corp. (NYSE:PVH)

Canada Pension Plan Investment Board lessened its holdings in PVH Corp. (NYSE:PVH - Free Report) by 64.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,400 shares of the textile maker's stock after selling 67,500 shares during the period. Canada Pension Plan Investment Board owned approximately 0.07% of PVH worth $3,955,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PVH. Allspring Global Investments Holdings LLC increased its position in PVH by 179,164.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 760,080 shares of the textile maker's stock worth $79,705,000 after purchasing an additional 759,656 shares during the last quarter. Schroder Investment Management Group bought a new position in PVH during the fourth quarter valued at $38,035,000. Channing Capital Management LLC increased its position in PVH by 87.0% during the fourth quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker's stock valued at $72,015,000 after acquiring an additional 316,876 shares during the last quarter. American Century Companies Inc. increased its position in PVH by 203.5% during the fourth quarter. American Century Companies Inc. now owns 454,808 shares of the textile maker's stock valued at $48,096,000 after acquiring an additional 304,973 shares during the last quarter. Finally, Swedbank AB increased its position in PVH by 153.2% during the fourth quarter. Swedbank AB now owns 440,483 shares of the textile maker's stock valued at $46,581,000 after acquiring an additional 266,509 shares during the last quarter. Institutional investors own 97.25% of the company's stock.

PVH Stock Down 2.6 %

PVH stock traded down $1.90 during trading on Monday, hitting $71.04. 1,067,784 shares of the company's stock traded hands, compared to its average volume of 953,782. The firm has a market capitalization of $3.74 billion, a P/E ratio of 5.79, a PEG ratio of 0.77 and a beta of 1.89. The business has a fifty day simple moving average of $69.66 and a two-hundred day simple moving average of $88.54. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. PVH Corp. has a 1 year low of $59.28 and a 1 year high of $124.68.

PVH (NYSE:PVH - Get Free Report) last issued its quarterly earnings data on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.08. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. PVH's revenue was down 4.8% compared to the same quarter last year. During the same period last year, the company posted $3.72 earnings per share. Sell-side analysts anticipate that PVH Corp. will post 11.67 EPS for the current year.

PVH Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays cut their price objective on shares of PVH from $103.00 to $87.00 and set an "overweight" rating on the stock in a research report on Monday. BMO Capital Markets cut their price objective on shares of PVH from $106.00 to $93.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 1st. Evercore ISI cut their price objective on shares of 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 lowered their target price on shares of PVH from $95.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. Finally, StockNews.com downgraded shares of PVH from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $104.33.

PVH Company 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.