PVH Corp. (NYSE:PVH) Stock Holdings Increased by Northern Trust Corp

Northern Trust Corp grew its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 29.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 549,642 shares of the textile maker's stock after buying an additional 124,022 shares during the period. Northern Trust Corp owned 0.99% of PVH worth $58,125,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in PVH. FMR LLC lifted its holdings in PVH by 0.4% in the 4th 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 in the last quarter. Pacer Advisors Inc. grew its stake in PVH by 2.2% in the 4th 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 lifted its stake in shares of PVH by 1.3% during the 4th quarter. LSV Asset Management now owns 1,199,238 shares of the textile maker's stock worth $126,819,000 after purchasing an additional 15,900 shares during the period. Bank of New York Mellon Corp grew its position in shares of 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 valued at $81,852,000 after purchasing an additional 144,260 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake 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 valued at $79,705,000 after purchasing an additional 759,656 shares during the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Evercore ISI lowered their price target on PVH from $139.00 to $105.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. BMO Capital Markets decreased their price objective on shares of PVH from $106.00 to $93.00 and set a "market perform" rating for the company in a research note on Tuesday, April 1st. The Goldman Sachs Group cut their target price on shares of PVH from $128.00 to $109.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. JPMorgan Chase & Co. lowered their price target on PVH from $91.00 to $87.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $90.00 price objective on shares of PVH in a research note on Tuesday, April 1st. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $103.00.

PVH Stock Performance

Shares of NYSE PVH traded down $1.15 during trading on Friday, reaching $74.41. The stock had a trading volume of 637,344 shares, compared to its average volume of 962,953. 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 stock has a market cap of $3.92 billion, a PE ratio of 6.06, a P/E/G ratio of 0.77 and a beta of 1.81. PVH Corp. has a one year low of $59.28 and a one year high of $124.68. The firm's 50 day moving average price is $68.86 and its two-hundred day moving average price is $87.00.

PVH (NYSE:PVH - Get Free Report) last released its earnings results on Monday, March 31st. The textile maker reported $3.27 earnings per share 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 during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the firm earned $3.72 earnings per share. The firm's revenue for the quarter was down 4.8% compared to the same quarter last year. On average, research analysts forecast that PVH Corp. will post 11.67 earnings per share for the current fiscal year.

PVH Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Wednesday, June 4th. This represents a $0.15 dividend on an annualized basis and a yield of 0.20%. 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.