PVH Corp. (NYSE:PVH) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in PVH Corp. (NYSE:PVH - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 344,588 shares of the textile maker's stock after selling 12,726 shares during the quarter. Wellington Management Group LLP owned about 0.62% of PVH worth $36,440,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC increased its stake in PVH by 0.4% in the fourth quarter. FMR LLC now owns 6,826,021 shares of the textile maker's stock worth $721,852,000 after purchasing an additional 29,578 shares during the period. LSV Asset Management boosted its holdings in PVH by 1.3% in 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 in the last quarter. Bank of New York Mellon Corp boosted its holdings in PVH by 22.9% in 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 in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in PVH by 179,164.2% in 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 in the last quarter. Finally, Channing Capital Management LLC boosted its holdings in PVH by 87.0% in the fourth quarter. Channing Capital Management LLC now owns 680,991 shares of the textile maker's stock worth $72,015,000 after acquiring an additional 316,876 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company's stock.

PVH Stock Down 1.1%

NYSE PVH traded down $0.90 during trading hours on Wednesday, hitting $81.60. 649,329 shares of the company were exchanged, compared to its average volume of 1,008,132. The company has a 50 day moving average of $74.54 and a two-hundred day moving average of $85.04. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. PVH Corp. has a 52-week low of $59.28 and a 52-week high of $124.68. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 6.64, a PEG ratio of 0.77 and a beta of 1.81.

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 analysts' consensus estimates of $3.19 by $0.08. PVH had a return on equity of 13.66% and a net margin of 8.13%. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the business posted $3.72 EPS. The business's revenue for the quarter was down 4.8% on a year-over-year basis. Equities research analysts anticipate that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.0375 per share. The ex-dividend date 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 1.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PVH shares. BMO Capital Markets decreased their target price on PVH from $106.00 to $93.00 and set a "market perform" rating for the company in a report on Tuesday, April 1st. Needham & Company LLC started coverage on PVH in a research report on Friday, May 30th. They issued a "buy" rating and a $115.00 price objective for the company. UBS Group boosted their price target on PVH from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Barclays lowered their price objective on PVH from $103.00 to $87.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Finally, Evercore ISI lowered their price objective on PVH from $139.00 to $105.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, PVH has a consensus rating of "Moderate Buy" and an average price target of $106.38.

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.