Nuveen Asset Management LLC Trims Stock Position in PVH Corp. (NYSE:PVH)

Nuveen Asset Management LLC decreased its holdings in PVH Corp. (NYSE:PVH - Free Report) by 16.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,266 shares of the textile maker's stock after selling 23,924 shares during the period. Nuveen Asset Management LLC owned about 0.22% of PVH worth $12,718,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 purchasing an additional 4,645 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of 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 purchasing an additional 144,260 shares in the last quarter. Clark Estates Inc. NY bought a new stake in shares of PVH in the 4th quarter worth $2,855,000. Citizens Financial Group Inc. RI bought a new stake in shares of PVH in the 4th quarter worth $466,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of 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 purchasing an additional 759,656 shares in the last quarter. Institutional investors own 97.25% of the company's stock.

PVH Price Performance

Shares of NYSE PVH traded down $1.69 during mid-day trading on Thursday, hitting $84.92. 1,033,711 shares of the company's stock traded hands, compared to its average volume of 1,002,629. The company's 50-day moving average is $73.25 and its two-hundred day moving average is $85.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. The company has a market capitalization of $4.08 billion, a P/E ratio of 6.92, a PEG ratio of 0.77 and a beta of 1.81. PVH Corp. has a 1 year low of $59.28 and a 1 year high of $124.68.

PVH (NYSE:PVH - Get Free Report) last announced its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (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 firm had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.34 billion. During the same period in the prior year, the company earned $3.72 EPS. The business's revenue was down 4.8% compared to the same quarter last year. On average, equities analysts anticipate that PVH Corp. will post 11.67 EPS for the current fiscal year.

PVH Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Telsey Advisory Group reissued an "outperform" rating and issued a $90.00 target price on shares of PVH in a report on Tuesday, April 1st. Morgan Stanley decreased 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. Evercore ISI decreased their target price on shares of PVH from $139.00 to $105.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Jefferies Financial Group upgraded shares of PVH from a "hold" rating to a "buy" rating and boosted their target price for the company from $70.00 to $105.00 in a research note on Wednesday, May 14th. Finally, UBS Group boosted their target price on shares of PVH from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $105.80.

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.