Dimensional Fund Advisors LP Boosts Stock Holdings in PVH Corp. (NYSE:PVH)

Dimensional Fund Advisors LP raised its position in PVH Corp. (NYSE:PVH - Free Report) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,069,531 shares of the textile maker's stock after purchasing an additional 115,731 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.15% of PVH worth $374,855,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC raised its holdings in shares of PVH by 26.9% during the 3rd quarter. SG Americas Securities LLC now owns 2,304 shares of the textile maker's stock valued at $176,000 after purchasing an additional 488 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of PVH by 386.4% in the third quarter. Mackenzie Financial Corp now owns 31,869 shares of the textile maker's stock worth $2,278,000 after buying an additional 25,317 shares during the last quarter. Strs Ohio boosted its stake in shares of PVH by 9.6% during the 3rd quarter. Strs Ohio now owns 19,906 shares of the textile maker's stock worth $1,523,000 after acquiring an additional 1,740 shares in the last quarter. Olympiad Research LP acquired a new position in shares of PVH during the 3rd quarter valued at about $489,000. Finally, California Public Employees Retirement System raised its stake in shares of PVH by 1.1% in the 3rd quarter. California Public Employees Retirement System now owns 117,778 shares of the textile maker's stock valued at $9,011,000 after acquiring an additional 1,255 shares in the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PVH

In other news, EVP James Holmes sold 3,000 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $108.39, for a total transaction of $325,170.00. Following the sale, the executive vice president now owns 13,904 shares in the company, valued at $1,507,054.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.78% of the company's stock.

PVH Price Performance

NYSE PVH traded down $1.39 during trading on Friday, reaching $114.01. 656,213 shares of the company traded hands, compared to its average volume of 822,431. PVH Corp. has a 1-year low of $69.27 and a 1-year high of $141.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.66 and a current ratio of 1.18. The stock's 50 day moving average price is $120.60 and its two-hundred day moving average price is $113.89. The company has a market cap of $6.58 billion, a price-to-earnings ratio of 10.51, a P/E/G ratio of 1.09 and a beta of 2.24.

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, beating analysts' consensus estimates of $3.51 by $0.21. PVH had a return on equity of 12.96% and a net margin of 7.20%. The firm had revenue of $2.49 billion for the quarter, compared to analysts' expectations of $2.42 billion. During the same period in the prior year, the business posted $2.38 earnings per share. The business's revenue was up .0% compared to the same quarter last year. As a group, analysts anticipate that PVH Corp. will post 10.92 EPS for the current year.

PVH declared that its board has authorized a stock repurchase program on Monday, April 1st that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the textile maker to buy up to 24% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

PVH Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wedbush raised PVH from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $113.00 to $128.00 in a research report on Monday, April 15th. Morgan Stanley lowered their target price on shares of PVH from $134.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 3rd. Bank of America lowered their price target on PVH from $156.00 to $122.00 and set a "buy" rating on the stock in a research report on Wednesday, April 3rd. Telsey Advisory Group cut their price objective on PVH from $155.00 to $140.00 and set an "outperform" rating for the company in a research report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. raised their target price on PVH from $146.00 to $157.00 and gave the company an "overweight" rating in a report on Monday, April 8th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $128.50.

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.