PVH Corp. (NYSE:PVH) Shares Acquired by First Trust Advisors LP

First Trust Advisors LP increased its stake in PVH Corp. (NYSE:PVH - Free Report) by 27.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 313,176 shares of the textile maker's stock after acquiring an additional 67,585 shares during the period. First Trust Advisors LP owned approximately 0.56% of PVH worth $33,118,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PVH. UMB Bank n.a. increased its stake 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 acquiring an additional 124 shares during the last quarter. GAMMA Investing LLC increased its position in PVH by 36.0% during the 4th quarter. GAMMA Investing LLC now owns 487 shares of the textile maker's stock worth $52,000 after purchasing an additional 129 shares in the last quarter. Allworth Financial LP purchased a new position in PVH in the fourth quarter valued at approximately $50,000. Hoey Investments Inc. acquired a new position in PVH during the fourth quarter valued at approximately $55,000. Finally, Smartleaf Asset Management LLC grew its stake in PVH by 96.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 617 shares of the textile maker's stock worth $65,000 after buying an additional 303 shares during the period. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on PVH. UBS Group cut their target price on shares of PVH from $172.00 to $160.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Telsey Advisory Group reissued an "outperform" rating and issued a $90.00 price objective on shares of PVH in a research report on Tuesday, April 1st. The Goldman Sachs Group decreased their target price on 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 dropped their target price on PVH from $95.00 to $85.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, Evercore ISI decreased their price target on PVH from $139.00 to $105.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $103.00.

PVH Stock Down 1.2 %

PVH traded down $0.85 during trading on Wednesday, hitting $69.02. The company had a trading volume of 1,066,382 shares, compared to its average volume of 954,975. The company has a market cap of $3.63 billion, a PE ratio of 5.62, a P/E/G ratio of 0.77 and a beta of 1.89. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.69. PVH Corp. has a 1-year low of $59.28 and a 1-year high of $124.68. The business has a 50-day moving average of $69.29 and a 200-day moving average of $88.28.

PVH (NYSE:PVH - Get Free Report) last issued its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.19 by $0.08. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. PVH had a net margin of 8.13% and a return on equity of 13.66%. The company's revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.72 EPS. As a group, analysts forecast that PVH Corp. will post 11.67 earnings per share for the current year.

PVH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.22%. PVH's dividend payout ratio (DPR) is 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.