Man Group plc Invests $4.24 Million in PVH Corp. (NYSE:PVH)

Man Group plc acquired a new position in shares of PVH Corp. (NYSE:PVH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,093 shares of the textile maker's stock, valued at approximately $4,240,000. Man Group plc owned about 0.07% of PVH at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. UMB Bank n.a. raised its holdings in PVH by 78.5% during the fourth quarter. UMB Bank n.a. now owns 282 shares of the textile maker's stock worth $30,000 after buying an additional 124 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in shares of PVH by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 24,386 shares of the textile maker's stock worth $2,579,000 after acquiring an additional 150 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of PVH by 0.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 30,711 shares of the textile maker's stock worth $3,248,000 after acquiring an additional 152 shares in the last quarter. Assetmark Inc. grew its stake in shares of PVH by 11.8% in the 4th quarter. Assetmark Inc. now owns 1,451 shares of the textile maker's stock worth $153,000 after acquiring an additional 153 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of PVH by 11.0% in the 4th quarter. Signaturefd LLC now owns 1,569 shares of the textile maker's stock worth $166,000 after acquiring an additional 156 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PVH. BMO Capital Markets reduced their target price on shares of PVH from $106.00 to $93.00 and set a "market perform" rating for the company in a research note on Tuesday, April 1st. Morgan Stanley reduced 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. The Goldman Sachs Group reduced their price target on shares of PVH from $128.00 to $109.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Wells Fargo & Company increased their price target on shares of PVH from $85.00 to $100.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Finally, Wall Street Zen upgraded shares of PVH from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, PVH has a consensus rating of "Moderate Buy" and an average target price of $106.47.

PVH Stock Performance

NYSE PVH traded up $4.56 during trading on Tuesday, hitting $86.55. 1,231,998 shares of the company's stock traded hands, compared to its average volume of 1,000,900. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 7.05, a PEG ratio of 0.77 and a beta of 1.81. PVH Corp. has a 12-month low of $59.28 and a 12-month high of $124.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.69 and a current ratio of 1.29. The business has a 50 day moving average of $72.82 and a 200-day moving average of $85.68.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company's revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.72 earnings per share. As a group, equities research analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.17%. The ex-dividend date is Wednesday, June 4th. PVH's dividend payout ratio (DPR) is presently 1.42%.

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.