PVH Corp. (NYSE:PVH) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC trimmed its position in shares of PVH Corp. (NYSE:PVH - Free Report) by 27.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,171 shares of the textile maker's stock after selling 11,838 shares during the quarter. Lazard Asset Management LLC owned 0.06% of PVH worth $3,294,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in PVH by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 627,655 shares of the textile maker's stock worth $66,375,000 after buying an additional 4,645 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of 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 valued at $81,852,000 after purchasing an additional 144,260 shares during the period. Clark Estates Inc. NY purchased a new stake in shares of PVH during the fourth quarter valued at $2,855,000. Citizens Financial Group Inc. RI purchased a new stake in shares of PVH during the fourth quarter valued at $466,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of 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 valued at $79,705,000 after purchasing an additional 759,656 shares during the period. 97.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PVH. Evercore ISI lowered 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. Barclays reduced their price target on shares of PVH from $103.00 to $87.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Wells Fargo & Company boosted their target price on shares of PVH from $85.00 to $100.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. The Goldman Sachs Group reduced their target price on shares of PVH from $128.00 to $109.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of PVH from $87.00 to $99.00 and gave the stock a "neutral" rating in a report on Monday. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $106.47.

PVH Price Performance

PVH traded up $1.07 on Tuesday, reaching $85.78. 976,716 shares of the company's stock were exchanged, compared to its average volume of 989,152. The stock has a market cap of $4.12 billion, a PE ratio of 6.99, a P/E/G ratio of 0.77 and a beta of 1.81. PVH Corp. has a twelve month low of $59.28 and a twelve month high of $124.68. The stock's fifty day moving average price is $70.52 and its 200-day moving average price is $86.35. 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 (NYSE:PVH - Get Free Report) last issued its earnings results on Monday, March 31st. The textile maker reported $3.27 EPS for the quarter, topping analysts' consensus estimates 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 period in the previous year, the firm earned $3.72 earnings per share. PVH's quarterly revenue was down 4.8% compared to the same quarter last year. Sell-side analysts expect that PVH Corp. will post 11.67 EPS for the current year.

PVH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend is Wednesday, June 4th. PVH's payout ratio is currently 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.