Barclays PLC Purchases 486,210 Shares of PVH Corp. $PVH

Key Points

• Barclays PLC increased its stake in PVH by 68.4% in the third quarter, buying 486,210 shares to hold 1,197,009 shares (about 2.49%) valued at roughly $100.27 million per its SEC filing.
• PVH's market snapshot: market cap ~$2.97 billion, P/E ~9.74, 52-week range $59.28–$89.79, and the company declared a quarterly dividend of $0.0375 (annual $0.15, ~0.2% yield) with an ex-dividend date of March 4.
• Analyst sentiment is mixed with a consensus "Hold" rating and an average price target of $89.73, while institutional investors own about 97.25% of the stock.

Barclays PLC boosted its position in PVH Corp. (NYSE:PVH - Free Report) by 68.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,197,009 shares of the textile maker's stock after buying an additional 486,210 shares during the quarter. Barclays PLC owned approximately 2.49% of PVH worth $100,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in PVH by 26.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,931 shares of the textile maker's stock worth $1,612,000 after purchasing an additional 5,240 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of PVH by 79.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 553,500 shares of the textile maker's stock valued at $35,778,000 after buying an additional 245,740 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of PVH during the 1st quarter valued at approximately $226,000. United Services Automobile Association bought a new position in PVH in the 1st quarter worth approximately $240,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in PVH by 9.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,847 shares of the textile maker's stock worth $22,873,000 after buying an additional 30,077 shares during the period. Hedge funds and other institutional investors own 97.25% of the company's stock.

PVH Stock Performance

PVH stock opened at $64.95 on Monday. PVH Corp. has a fifty-two week low of $59.28 and a fifty-two week high of $89.79. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 1.47. The stock has a market cap of $2.97 billion, a P/E ratio of 9.74, a price-to-earnings-growth ratio of 2.16 and a beta of 1.67. The firm's fifty day moving average price is $66.27 and its 200-day moving average price is $75.40.

PVH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.15 dividend on an annualized basis and a yield of 0.2%. PVH's dividend payout ratio is presently 2.25%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wall Street Zen cut shares of PVH from a "buy" rating to a "hold" rating in a report on Saturday, December 13th. UBS Group cut their price target on PVH from $148.00 to $120.00 and set a "buy" rating for the company in a report on Friday. Citigroup reduced their price target on PVH from $83.00 to $80.00 and set a "neutral" rating for the company in a research report on Monday, December 8th. BTIG Research reiterated a "buy" rating and set a $100.00 price objective on shares of PVH in a research note on Friday, December 5th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of PVH in a report on Thursday, January 22nd. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $89.73.

PVH Profile

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH's core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner's and Olga.

PVH's operations span the entire value chain from product design and development to manufacturing, marketing and distribution.

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