Fisher Asset Management LLC Decreases Position in PVH Corp. (NYSE:PVH)

Fisher Asset Management LLC cut its holdings in shares of PVH Corp. (NYSE:PVH - Free Report) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,716 shares of the textile maker's stock after selling 7,917 shares during the period. Fisher Asset Management LLC owned about 0.28% of PVH worth $20,237,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PVH. Lindbrook Capital LLC lifted its position in shares of PVH by 26.8% during the fourth quarter. Lindbrook Capital LLC now owns 521 shares of the textile maker's stock valued at $64,000 after purchasing an additional 110 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in PVH by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 27,389 shares of the textile maker's stock worth $2,096,000 after acquiring an additional 140 shares during the period. Natixis Advisors L.P. increased its holdings in PVH by 1.3% during the 3rd quarter. Natixis Advisors L.P. now owns 13,229 shares of the textile maker's stock worth $1,012,000 after acquiring an additional 165 shares during the period. HighTower Advisors LLC increased its holdings in shares of PVH by 3.5% in the 3rd quarter. HighTower Advisors LLC now owns 5,472 shares of the textile maker's stock worth $419,000 after buying an additional 185 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of PVH by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 17,857 shares of the textile maker's stock worth $1,366,000 after buying an additional 242 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PVH has been the subject of a number of research reports. Guggenheim upped their price objective on shares of PVH from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, April 2nd. Wells Fargo & Company reduced their price objective on shares of PVH from $150.00 to $138.00 and set an "overweight" rating for the company in a research note on Tuesday, April 2nd. Bank of America reduced their price target on shares of PVH from $156.00 to $122.00 and set a "buy" rating for the company in a research note on Wednesday, April 3rd. Telsey Advisory Group dropped their price objective on shares of PVH from $155.00 to $140.00 and set an "outperform" rating on the stock in a report on Tuesday, April 2nd. Finally, TD Cowen lifted their price target on shares of PVH from $150.00 to $160.00 and gave the company an "outperform" rating in a report on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, PVH currently has a consensus rating of "Moderate Buy" and a consensus price target of $128.50.

Insider Buying and Selling at PVH

In other PVH news, EVP James Holmes sold 3,000 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $108.39, for a total transaction of $325,170.00. Following the completion of the sale, the executive vice president now directly owns 13,904 shares of the company's stock, valued at $1,507,054.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.78% of the company's stock.

PVH Price Performance

PVH traded up $1.35 during trading hours on Monday, hitting $114.57. The company's stock had a trading volume of 647,599 shares, compared to its average volume of 959,572. The business's 50-day moving average price is $122.87 and its 200-day moving average price is $112.49. PVH Corp. has a 12 month low of $69.27 and a 12 month high of $141.15. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 10.52, a P/E/G ratio of 1.08 and a beta of 2.24. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 0.31.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 2nd. The textile maker reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.21. PVH had a net margin of 7.20% and a return on equity of 12.96%. The company had revenue of $2.49 billion for the quarter, compared to analysts' expectations of $2.42 billion. During the same quarter in the previous year, the business posted $2.38 earnings per share. PVH's quarterly revenue was up .0% on a year-over-year basis. Sell-side analysts expect that PVH Corp. will post 10.92 earnings per share for the current fiscal year.

PVH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend is Wednesday, June 5th. PVH's dividend payout ratio (DPR) is 1.38%.

PVH announced that its Board of Directors has approved a share repurchase program on Monday, April 1st that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the textile maker to reacquire up to 24% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

PVH 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.