MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 4,135 Shares of PVH Corp. (NYSE:PVH)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in PVH Corp. (NYSE:PVH - Free Report) by 26.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,691 shares of the textile maker's stock after purchasing an additional 4,135 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in PVH were worth $2,082,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC raised its position in shares of PVH by 0.4% in the fourth quarter. FMR LLC now owns 6,826,021 shares of the textile maker's stock valued at $721,852,000 after purchasing an additional 29,578 shares during the period. Pacer Advisors Inc. increased its position in PVH by 2.2% during the fourth quarter. Pacer Advisors Inc. now owns 1,742,436 shares of the textile maker's stock worth $184,263,000 after acquiring an additional 36,719 shares during the period. LSV Asset Management increased its position in PVH by 1.3% during the fourth quarter. LSV Asset Management now owns 1,199,238 shares of the textile maker's stock worth $126,819,000 after acquiring an additional 15,900 shares during the period. Bank of New York Mellon Corp increased its position in PVH by 22.9% during the fourth 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 during the period. Finally, Allspring Global Investments Holdings LLC increased its position in PVH by 179,164.2% during the fourth 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 during the period. Institutional investors own 97.25% of the company's stock.

Wall Street Analysts Forecast Growth

PVH has been the topic of a number of research reports. BMO Capital Markets dropped their target price 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 dropped their target price 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. Jefferies Financial Group raised shares of PVH from a "hold" rating to a "buy" rating and boosted their target price for the stock from $70.00 to $105.00 in a research report on Wednesday, May 14th. Citigroup reaffirmed a "neutral" rating and set a $68.00 target price (down previously from $83.00) on shares of PVH in a research report on Monday, April 7th. Finally, The Goldman Sachs Group lowered their price target on shares of PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $106.47.

PVH Stock Down 3.0%

Shares of NYSE:PVH opened at $83.18 on Thursday. PVH Corp. has a 52 week low of $59.28 and a 52 week 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 company's fifty day moving average is $71.34 and its 200-day moving average is $86.32. The company has a market capitalization of $3.99 billion, a PE ratio of 6.77, a P/E/G ratio of 0.77 and a beta of 1.81.

PVH (NYSE:PVH - Get Free Report) last issued its earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, beating the consensus estimate of $3.19 by $0.08. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the company earned $3.72 EPS. The firm's revenue for the quarter was down 4.8% compared to the same quarter last year. Equities research analysts predict that PVH Corp. will post 11.67 earnings per share 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 paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend is Wednesday, June 4th. PVH's dividend payout ratio is presently 1.42%.

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.

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