PVH Corp. (NYSE:PVH) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lessened its stake in PVH Corp. (NYSE:PVH - Free Report) by 73.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 52,510 shares of the textile maker's stock after selling 148,800 shares during the quarter. Deutsche Bank AG owned approximately 0.09% of PVH worth $5,553,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in PVH by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker's stock worth $66,375,000 after acquiring an additional 4,645 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in PVH by 22.9% in 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 acquiring an additional 144,260 shares in the last quarter. Clark Estates Inc. NY purchased a new stake in PVH in the 4th quarter worth $2,855,000. Citizens Financial Group Inc. RI purchased a new stake in PVH in the 4th quarter worth $466,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in 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 worth $79,705,000 after acquiring an additional 759,656 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company's stock.

PVH Trading Up 0.2%

Shares of PVH traded up $0.14 during mid-day trading on Thursday, reaching $83.31. The stock had a trading volume of 1,336,504 shares, compared to its average volume of 994,898. 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 Corp. has a 52-week low of $59.28 and a 52-week high of $124.68. The business's fifty day moving average is $71.34 and its 200 day moving average is $86.32. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 6.78, a P/E/G ratio of 0.77 and a beta of 1.81.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings data 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 net margin of 8.13% and a return on equity of 13.66%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the firm posted $3.72 earnings per share. PVH's quarterly revenue was down 4.8% on a year-over-year basis. On average, sell-side analysts predict that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be given a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a yield of 0.18%. PVH's payout ratio is currently 1.42%.

Analysts Set New Price Targets

Several equities research analysts recently commented on PVH shares. The Goldman Sachs Group cut their price target on shares of PVH from $128.00 to $109.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Wall Street Zen raised shares of PVH from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Wells Fargo & Company upped their target price on shares of PVH from $85.00 to $100.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. upped their target price on shares of PVH from $87.00 to $99.00 and gave the stock a "neutral" rating in a report on Monday. Finally, UBS Group dropped their target price on shares of PVH from $172.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $106.47.

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.