Massachusetts Financial Services Co. MA Has $20.25 Million Position in PVH Corp. (NYSE:PVH)

Massachusetts Financial Services Co. MA decreased its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 85.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 313,257 shares of the textile maker's stock after selling 1,825,116 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.60% of PVH worth $20,249,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. purchased a new position in PVH in the fourth quarter valued at about $53,373,000. Schroder Investment Management Group acquired a new position in shares of PVH during the 4th quarter valued at $38,035,000. AQR Capital Management LLC lifted its holdings in PVH by 128.6% in the 4th quarter. AQR Capital Management LLC now owns 566,513 shares of the textile maker's stock worth $59,909,000 after buying an additional 318,731 shares in the last quarter. American Century Companies Inc. lifted its holdings in PVH by 203.5% in the 4th quarter. American Century Companies Inc. now owns 454,808 shares of the textile maker's stock worth $48,096,000 after buying an additional 304,973 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in shares of PVH by 29.4% in the 4th quarter. Voya Investment Management LLC now owns 679,762 shares of the textile maker's stock worth $71,885,000 after purchasing an additional 154,295 shares during the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PVH has been the subject of a number of analyst reports. Wall Street Zen raised shares of PVH from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Morgan Stanley dropped their price objective on shares of PVH from $86.00 to $64.00 and set an "equal weight" rating on the stock in a research note on Friday, June 6th. Bank of America decreased their price objective on shares of PVH from $86.00 to $76.00 and set a "neutral" rating for the company in a report on Friday, June 6th. Needham & Company LLC reissued a "buy" rating and issued a $115.00 price target on shares of PVH in a report on Thursday, June 5th. Finally, Barclays dropped their price objective on shares of PVH from $87.00 to $83.00 and set an "overweight" rating for the company in a research note on Monday, June 9th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $94.20.

Insider Activity at PVH

In related news, Director Jesper Andersen bought 600 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were purchased at an average cost of $66.10 per share, for a total transaction of $39,660.00. Following the acquisition, the director owned 736 shares of the company's stock, valued at approximately $48,649.60. This represents a 441.18% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Stefan Larsson bought 15,645 shares of the company's stock in a transaction on Thursday, June 26th. The shares were bought at an average price of $63.92 per share, for a total transaction of $1,000,028.40. Following the completion of the acquisition, the chief executive officer directly owned 269,438 shares in the company, valued at approximately $17,222,476.96. This trade represents a 6.16% increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company's stock.

PVH Trading Down 0.4%

Shares of NYSE PVH traded down $0.28 during mid-day trading on Friday, hitting $71.39. The company's stock had a trading volume of 978,426 shares, compared to its average volume of 1,152,328. The company's fifty day simple moving average is $73.83 and its 200-day simple moving average is $76.28. PVH Corp. has a one year low of $59.28 and a one year high of $113.47. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 1.47 and a beta of 1.81. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.11 and a quick ratio of 0.53.

PVH (NYSE:PVH - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The textile maker reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.06. PVH had a net margin of 4.63% and a return on equity of 12.66%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the firm earned $2.45 EPS. PVH's quarterly revenue was up 1.6% compared to the same quarter last year. On average, sell-side analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were issued a dividend of $0.0375 per share. The ex-dividend date was Wednesday, June 4th. This represents a $0.15 annualized dividend and a yield of 0.21%. PVH's dividend payout ratio (DPR) is currently 2.12%.

PVH 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.